Currently in an uptrend on the supertrend.
Price is above baseline.
VPC is trending positive.
macro growth is negative.
Price is above baseline.
VPC is trending positive.
macro growth is negative.
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Volume has been above average
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In February 2020, the unemployment rate was 3.5%.
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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.
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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.