EURNZD Forex cross pair forecast and buy opportunity
17 Dec 2022
The EURO versus New Zealand Dollar analysis. EURNZD Forex cross-pair has reached a strong monthly demand imbalance, trading at $1.6436. Expecting a decent reaction from this long-term imbalance. This Forex cross pair could provide lower timeframe and intraday trade setups for short-term traders. You should never go against a bigger timeframe imbalance. Instead, you should plan trades to trade with the support of these strong imbalances by using Set and Forget’s supply and demand trading strategy.
The New Zealand dollar has recently performed well against the Euro because it is often considered a proxy for Chinese growth. However, once a strong monthly imbalance like the one that took control on EURNZD as of December 2022, you should forget about any basic or advanced Forex fundamental analysis. Eurozone strength after the parity level and starting a reversal will benefit the EURO and weak the New Zealand dollar in the following weeks.
EURNZD Forecast
EURNZD Forex cross-pair forecast shared in Set and Forget’s online trading academy can be seen below. Hopefully, the EURO will get stronger against the New Zealand Dollar in the following weeks and this trade opportunity will start to lay out.
Join our supply and demand online trading academy If you want to learn how to trade stocks using our supply and demand trading strategy.
Related Post
© 2013 – 2024
Set and Forget S.L
All Rights Reserved.
Follow Us
Disclaimer
Any Advice or information on this website is General Advice Only - It does not take into account your personal circumstances, please do not trade or invest based solely on this information. By viewing any material or using the information within this site you agree that this is general education material and you will not hold any person or entity responsible for loss or damages resulting from the content or general advice provided here by Set and Forget, its employees, or fellow members. Futures, options, and spot currency and stocks trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the Forex and futures markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell spot Forex, cfd's, stocks or other financial products. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in any material on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.
High Risk Warning: Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in Forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.