4xForecaster

Analysis: Data Favors Bulls; Pending Confirmation | $NZD $EUR

FX:EURNZD   Euro / New Zealand Dollar
166 0 1
Friends,

We are turning to the $EURNZD as our system is nearing a bullish market reversal signal - conditional word here is "nearing".


A slight decrease in RBNZ's first quarter inflation expectation (2.33% vs. 2.34%), backed by its finance minister expected passive action to see the $NZD weaken against a tapered-based revaluation of the $USD are a few fundamental development that should play in favor of this EURNZD             pair.

Additionally, tomorrow will also see more NZD economic data from YTD and January trade balance data. If disappointing, then we should get a confirmation of our bullish expectation.

Finally, disappointing Chinese performance data is also likely to play in the weakening of export partner's currencies, such as the AUD and NZD.

For now, we prepared this chart with a bullish target based on preemptive technical development, but a "Neutral" Market Direction Prediction shall remain until occurrence of such bullish market reversal confirmation signal.

Cheers,


David Alcindor
TradingView.com Moderator, Alias: 4xForecaster
Predictive Analysis & forecasting


-----------------------------------------------------
Get out Twitted forecasts, signals,analyses:
Alias: @4xForecaster
-----------------------------------------------------


Disclaimer: Forecasts, analyses and opinions generated herein are for educational purposes only and are not trading recommendations. We trust that you will do your own due diligence first, then seek professional advice from a licensed professional, then enter the market at your own perils - David Alcindor - TradingView.com Alias: 4xForecaster
David Alcindor
Alias: 4xForecaster

FREE Strategies:
- http://bit.ly/4xForecaster-FreeLessons

CROW Signal Service:
- http://www.MarketPredictiveAnalysis.com

RECENT Results:
- bit.ly/4xForecaster-Hits
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out