EURNZD Trading daily plan

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) […]

Following the FED’s and BOJ’s impact on market, we are expecting BOE’s announcement about its monetary policy program later today. It is widely expected that they will keep the interest rate unchanged at 0.25% maintaining a neutral position. We are not anticipating any surprise, but a “waiting mode” within a mixture of high inflation and […]

Today’s agenda is data light for both currencies. However, the pair is in a critical phase as it failed to break above the major resistance at 0,743. It created a bearish Doji while it continues showing bearish price action today. Therefore there is the possible scenario of Double Top. Heading to the hourly timeframe, we […]