EURNZD Trading daily plan

Crude Oil is consolidating around 50 to 54$ for several days after the 18% rally from February’s lows. Investors turned to bullish following OPEC’s agreement for cutting oil production and they are still speculating that most countries will stay in line. Furthermore, non-OPEC countries (like Russia) seem to follow the same strategy. OPEC group aims […]

  Good Morning,   – Asia stocks up and dollar slips. GBP/USD above 1.68 level for first time since November 2009. – Japan’s Nikkei 0.56%, Hong Kong’s Hang Seng 1.07%, Korea’s Kospi 0.31%, Australia’s ASX 200 0.52% and China’s Shanghai 0.92%. – Italy imposes 20% Tax withholding on all inbound money transfers. – ECB Coeure: […]

This analysis may give two potential trading setups by providing entries as well as exits. We keep it really simple and straightforward. Always review your own analysis, if there is a confluence between this and your own strategy, then you may have even better trading setups. On the chart, two levels indicate the BUY (green) […]