EUR NZD continues the short trend BUT for how long?

1 Nov 2021

EURNZD

Hi Folks,

Here's mi view of this pair. Today we hit a new low and bounce again from there. As you can see there is a lot of ups and downs (I call it hiccups) in this level, so that could be some sort of accumulation for the next move in either way.

Fundamentally speaking the NZD had its interest rate increased and that is more attractive than EURO.

Below you have the EMA's for this pair in H4. So far trading below the EMA's and therefore we continue on BEARISH land.



And last but not least, the weekly timeframe shows and interesting fact: Almost no further supports till 1.52 area.

Always keep in mind the worst possible scenario and remember to place SL or Hedge your account if you are familiar with it.





Should you are interested in automatic trading, I recommend you to try out some ROBOTS out there! They work and they are stress free.

Cheers!

2 Nov 2021

Trading ditutup: target tercapai

Awesome LONG CALL!