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 [...]
NZD EUR Currency Trading Tip: February 1
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 [...]