EURNZD - MARKET SENTIMENT
⛔️ NZD FEATURE is currently down a bit. The main reason for this is that the previous day's MARKET RISK OFF. We can also mention the DOWN TREND in COMMODITIES as the main reason for this. But now COMMODITIES are UP. Today the NZD FEATURE stands at 0.6309 LEVEL. The EUR FEATURE stands at 1.0581 LEVEL.
⛔️ Currently the OVERALL MARKET is RISK ON. STOCKS is currently displaying a GREEN SIDE BIAS. Also the VOLATILITY is getting a bit DOWN. Also COMMODITIES still shows a UP SIDE BIAS. Currently there is only one RISK ON TONE in the market. Therefore, in the future, all currencies such as NZD CAD AUD can definitely be UP. Also JPY CHF can be DOWN.
⛔️ EURNZD PRICE can be REJECT from 1.6491 LEVEL. COMMODITIES PRICES If the UPA returns, VOLATILITY DOWN, OVERALL MARKET RISK ON, ON EURNZD will SELL further. But if the TREND LINE does not BREAK it will continue to EURNZD BUY.
⛔️ EURNZD PRICE can go to 1.6491 LEVEL before UP. Then it can be BUY to 1.6932 LEVEL. This is determined by the market sentiment and market sentiment in terms of the activity of the New Zealand dollar.
⛔️ Currently the OVERALL MARKET is RISK ON. STOCKS is currently displaying a GREEN SIDE BIAS. Also the VOLATILITY is getting a bit DOWN. Also COMMODITIES still shows a UP SIDE BIAS. Currently there is only one RISK ON TONE in the market. Therefore, in the future, all currencies such as NZD CAD AUD can definitely be UP. Also JPY CHF can be DOWN.
⛔️ EURNZD PRICE can be REJECT from 1.6491 LEVEL. COMMODITIES PRICES If the UPA returns, VOLATILITY DOWN, OVERALL MARKET RISK ON, ON EURNZD will SELL further. But if the TREND LINE does not BREAK it will continue to EURNZD BUY.
⛔️ EURNZD PRICE can go to 1.6491 LEVEL before UP. Then it can be BUY to 1.6932 LEVEL. This is determined by the market sentiment and market sentiment in terms of the activity of the New Zealand dollar.
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