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 . of the pair is 219
The current % 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 . : It is the estimated high to low ratio of a currency pair calculated over some specific number of days for each currency pair.
% : It is the % movement of the pair on the current day with reference to the Avg . .
Expected target is calculated based on the Avg and currency %.