This Week's Fundamental Analysis Logikfx's Macro Currency Strength Meter (MCSM) helps investors quickly see the fundamentals for each currency in the coming week. Save time, trade better.
For Week 38 in 2022 Strong Currencies: SGD = 25 (+25), NZD= 47 (+20), ZAR = 29 (+24) ... See more Weak Currencies: EUR = -27 (-5), GBP = -3 (-3), JPY = -27 (-15) ... See more
EURNZD is reaching a 'sell-zone' from July 2022, which peaked at 1.69862. The current price resides at 1.68079.
Retail trader volume peaked alongside price movement slowing down. This may be early signs of selling pressure.
WARNING - Lack of price-low broken prior to this uptrend. This may suggest a short trade is premature