UnknownUnicorn6395641

EURNZD Super Uptrend

Long
FX:EURNZD   Euro / New Zealand Dollar
Currently in an uptrend on the supertrend.
Price is above baseline.
VPC is trending positive.
macro growth is negative.
Comment:
Volume has been above average
Comment:
In February 2020, the unemployment rate was 3.5%.
Comment:
The vast majority of traders are bearish. We usually take a contrarian approach to crowd sentiment, and the fact that traders are net-short suggests that EURNZD prices will rise further.
Comment:
The ECB will end net asset purchases under their asset purchase program on July 1 and they intend to raise their three key interest rates by 25 basis points at the next meeting on July 21, 2022.
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