Prabhu.Ram
Long

Top 5 for the day 4)EURNZD

FX:EURNZD   Euro Fx/New Zealand Dollar
20 0 0
Hello traders!

I will be introducing a new system of trading on this page from now on.
I will be proving the 5 most tradable pairs for the day everyday with some proprietary indicators' results.
Fourth pair for today is EUR/NZD.
Though EUR showed a loss of strength yesterday, There is a broader strength still in the currency and that could yield well against a NZD weakness today. We still cannot comment on whether the recent highs will be broken, but it may well retest them.
* Description and meaning of all my indicator numbers are given below.

My indicators show the strength consistency of EUR 0.8819 and NZD 0.9642
The current avg. volatility of the pair is 219
The current volume % is 39%.
Expected target for today is1.6445

*Strength consistency is a calculated value of strength for each currency. Closer the number to 0, stronger the currency.
Avg. volatility : It is the estimated high to low ratio of a currency pair calculated over some specific number of days for each currency pair.
Volume % : It is the % movement of the pair on the current day with reference to the Avg. Volatility.
Expected target is calculated based on the Avg volatility and currency volume %.
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