Currency Trading Commentary: Euro Woe Continues

Currency Trading Commentary: Euro Woe Continues

The bias for the EURUSD is bearish.   The shorter-term EMAs have crossed lower and are diverging, and the price action has extended away from the longer-term EMA filter, which is negative.   The price action is also on the verge of breaking down below a key horizontal level which, if breached, could induce further [...]

NZD EUR Currency Trading Tip: February 1

NZD EUR Chart

The bias for the NZDEUR is bullish. Since the start of the year the Kiwi has been on a tear, whilst the euro has continued to struggle under the weight of the Greek debt fiasco. The shorter-term EMAs are crossed higher and diverging and the price action is above the longer-term EMA filter, which is [...]

NZDEUR Currency Pair News August 1

fx chart august 1

The NZDEUR has traded strongly since its mid-March lows, moving from 0.5100 to 0.6150. We note that the shorter-term EMAs are crossed higher and that the price action is above the longer-term EMA filter, which is positive. The chart above highlights Trend Continuation Model taught in our Fast Track FX Workshops. We note the MACD [...]

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