EURNZD Trading daily plan

  Good Morning,   – The euro hit one-year lows against the dollar to 1.3178, as investors increasingly expect the ECB to expand liquidity next week to boost the euro zone economy. – The mood in the stock markets was buttressed by the S&P, which briefly topped the 2,000 mark for the first time in […]

The overall pressure remains to the downside while all short-term setbacks to the upside were selling opportunities for the bears. Reviewing the weekly timeframe, EURGBP moved towards the level 0.887, where the pair found support at the long-term trend line (T1). In addition, it is currently flirting with the Fibonacci 38.2% level, which may offer a […]

We are following a simple, well known technical pattern, named Pivots, in order to find out opportunities in the market. Pivot points are calculated as an average of significant prices from the performance of the market in the prior trading day. The Pivots are often turning points for the direction of price movement in the market. […]