benny_marshall

EURNZD - MARKET SENTIMENT

FX:EURNZD   Euro / New Zealand Dollar
- NZD FEATURE is currently down a bit. The main reason for this is that the MARKET RISK OFF in the previous days. Now there is a somewhat DOWN TRENDING nature. We can also cite the existing DOWN TREND in COMMODITIES as the main reason for the NZD DOWN TREND. Today the NZD FEATURE stands at 0.6227 LEVEL. The EUR FEATURE remains at LEVEL 1.0551.

- Currently the OVERALL MARKET is showing a RISK ON nature. STOCKS are currently getting a bit GREEN showing a RISK ON SENTIMENT. Also the VOLATILITY is getting a bit DOWN. Also COMMODITIES show a UP SIDE BIAS today. Currently the market has a RISK ON SENTIMENT. Therefore, in the future, all currencies such as NZD, CAD and AUD may be slightly UPA compared to JPY CHF and USD.

- EURNZD PRICE can REJECT from 1.7159 LEVEL. If COMMODITIES PRICES are to be DOWN again, VOLATILITY UP UP, OVERALL MARKET RISK OFF, EURNZD will be further BUY.

- EURNZD PRICE can go to 1.6752 LEVEL before UP. Then you can BUY to 1.7159 LEVEL. This is determined by the market sentiment and the market sentiment of the New Zealand dollar ... Currently EURNZD STRUCTURES BREAK.

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