EURNZD Trading daily plan

DAX has outperformed recording new highs for many days but it’s currently under strong selling pressure the last three days. On the daily chart, the index is approaching a strong confluence of supports. There is the lower side of the rising channel and 21 EMA. We are expecting a bounce near the area however, the […]

GBPJPY is looking for a direction. The pair was moving sideways but rising to the upside. However, Thursday’s red candle vanished all its recent profits. This is the 3rd day that pair is trying to recover and claim the 21 EMA on the daily TF. If it fails and rejects the 21 EMA then we […]

  Good Morning,   – What taper? Low rates for longer is key Fed theme for 2014 – Debate over when the Federal Reserve could trim its bond purchases monopolized market talk this year, but as a new Fed chief takes charge, more participants believe the key theme to emphasize for 2014 is low rates […]