16/07/2017
The assessed, measured and valuated EUR/NZD’s long-term exchange rate target zone confirms for EUR/NZD to downward directional movement. Recent alignment also confirm for the medium-term exchange rate target zone to align to downward interior the long-term exchange rate target zone. Therefore, the two turning and alignment are confirming for EUR/NZD to move to downward direction in medium and long-term.
The previous with of medium-term exchange rate target zone about 11 % (1.6600/1.4600) for 2000 PIPs. At lower medium-term band, the EUR/NZD pushed up to central band/central parity and defended and realigned to downward at 1.6200 below the previous upper band 1.6600. The alignment becomes the new upper medium-term band and the pair resumed to move to downward.
Based on current upper medium-term band, the EUR/NZD will visit the level of 1.4200 to downward in medium-term as a new lower medium-term band.
Short/sell on EUR/NZD from the upper to the lower medium-term band is commendable and short/sell from the upper to the lower bands on daily, weekly, monthly and short-term will be updated on this analysis. Long/buy from the lower band to the upper bands are not recommendable by the risk.
The assessed, measured and valuated EUR/NZD’s long-term exchange rate target zone confirms for EUR/NZD to downward directional movement. Recent alignment also confirm for the medium-term exchange rate target zone to align to downward interior the long-term exchange rate target zone. Therefore, the two turning and alignment are confirming for EUR/NZD to move to downward direction in medium and long-term.
The previous with of medium-term exchange rate target zone about 11 % (1.6600/1.4600) for 2000 PIPs. At lower medium-term band, the EUR/NZD pushed up to central band/central parity and defended and realigned to downward at 1.6200 below the previous upper band 1.6600. The alignment becomes the new upper medium-term band and the pair resumed to move to downward.
Based on current upper medium-term band, the EUR/NZD will visit the level of 1.4200 to downward in medium-term as a new lower medium-term band.
Short/sell on EUR/NZD from the upper to the lower medium-term band is commendable and short/sell from the upper to the lower bands on daily, weekly, monthly and short-term will be updated on this analysis. Long/buy from the lower band to the upper bands are not recommendable by the risk.
Comment:
The NZD/USD, NZD/JPY and NZD/CHF are expected to reach their average weighted rates at lower band by tomorrow to resume to long/buy the pairs. At the same time, the EUR/NZD to reach her equivalent average weighted rate at upper band to resume to sell/short inline to the medium-term exchange rate target zone directional movement.
Comment:
18/07/2017
LONG NZDUSD AT 0.7260/0.7280 STOP LOSS 0.7200 TP. 150/200 PIPS
LONG NZDJPY AT 81.80/81.95 STOP LOSS 80.30 TP. 150/200 PIPS
LONG NZDCHF AT 0.6990/0.6720 STOP LOSS 0.6850 TP. 150/200 PIPS
SHORT EUR/NZD AT 0.5800/0.5815 STOP LOSS 0.5900 TP. 250/350 PIPS
LONG NZDUSD AT 0.7260/0.7280 STOP LOSS 0.7200 TP. 150/200 PIPS
LONG NZDJPY AT 81.80/81.95 STOP LOSS 80.30 TP. 150/200 PIPS
LONG NZDCHF AT 0.6990/0.6720 STOP LOSS 0.6850 TP. 150/200 PIPS
SHORT EUR/NZD AT 0.5800/0.5815 STOP LOSS 0.5900 TP. 250/350 PIPS
Comment:
19/07/2017
NZD moves as expected.
NZD moves as expected.