EUR/NZD 15/2/2019
Viewpoint so far..
A Number of possible scenarios this week for this pair which I have tried to break down and leave as clean as possible. Firstly the SELL around the 1.71 area with a large cluster of confluences looming over that level. But that is my main focus for the pair this week. My personal bias is a break below this lower trendline and to get a retest in the 1.69 region (Maybe a little lower) to then take a SELL as we head Lower towards a number of BUY zones I have marked up. The most important one being around the 1.67 area which is a strong weekly EMA leading me to expect a small pullback at the least from this region.
DATA THIS WEEK
Monday
EU PMI 8:30/9:00
Tuesday
RBA Meeting minutes (AUD can Drag NZD) 00:30
Wednesday
ECB President Speech 8:30
Thursday
AUD Unemployment 00:30
Friday
N/A
CONFLUENCES I USE
FIBONACCI
TREND LINE
EMA
!!TECHNICAL ANALYSIS KEY!!
GREEN - BUY AREA/ZONE
RED- SELL AREA/ZONE
PURPLE - POINTS OF INTEREST/ AWAITING PRICE ACTION
Viewpoint so far..
A Number of possible scenarios this week for this pair which I have tried to break down and leave as clean as possible. Firstly the SELL around the 1.71 area with a large cluster of confluences looming over that level. But that is my main focus for the pair this week. My personal bias is a break below this lower trendline and to get a retest in the 1.69 region (Maybe a little lower) to then take a SELL as we head Lower towards a number of BUY zones I have marked up. The most important one being around the 1.67 area which is a strong weekly EMA leading me to expect a small pullback at the least from this region.
DATA THIS WEEK
Monday
EU PMI 8:30/9:00
Tuesday
RBA Meeting minutes (AUD can Drag NZD) 00:30
Wednesday
ECB President Speech 8:30
Thursday
AUD Unemployment 00:30
Friday
N/A
CONFLUENCES I USE
FIBONACCI
TREND LINE
EMA
!!TECHNICAL ANALYSIS KEY!!
GREEN - BUY AREA/ZONE
RED- SELL AREA/ZONE
PURPLE - POINTS OF INTEREST/ AWAITING PRICE ACTION
Comment:
NZD GDP THIS WEEK