EURNZD Bearish bias

4 Oca 2021

January 4 - 8, 15-weeks Rate Of Change
Rankings
NZD - 9.9
GBP - 5.80
AUD - 5.53
CAD - 5.15
CHF - 5.11
EUR - 3.17
JPY - 2.33
USD - 0

As per COTR, it shows similar information whereby NZD's Net Position continues to increase from 4.9K to 13.6K in the last 15 weeks (from -40k to 13.6 for year 2020). As for USD's Net Position continues to decline from -5.7K to -14.8K in the last 15 weeks (31.2K to -14.8K for year 2020).

There might be a pull back (profit taking) from time to time but the general trend for 3-6 months shows that the uptrend markets are those with strong currency while the downtrend markets are those with weak currency.

Watch list
NZDUSD - buy bias
NZDJPY - buy bias
GBPUSD - buy bias
GBPJPY - buy bias
AUDUSD - buy bias
AUDJPY - buys bias
EURAUD - sell bias
EURNZD - sell bias
EURGBP - sell bias

NZDUSD - for every dip followed by a bullish evidence in an area of interest is a good way to long

EURNZD - for every rally followed by bearish evidence in an area of interest is a good way to short

Same goes for the rest of the pairs in the watch list