The Euro New Zealand Dollar.

Good evening Dynamic Traders,

There will be no chart tonight as I cannot get it to upload.

Thank goodness for ESLT, as regarding last nights post no trade was triggered due to the BOB being false as price action today could end up producing a bearish engulfing candle ( at time of writing) although it has plenty of time to alter before the close of play for today, and so as also mentioned last night it now looks like the divergence shown on the chart was just too much.

Anyway on to tonights currency pair of the EURNZD mentioned on Tuesday, where I said a long trade was possibly on the cards and up to todays high has offered some 400 pips plus some of which could have been gained.

That by the wayside now though as todays movement has now brought into play another way of trading which you should all be familiar with and all criteria are in place.

However before rushing in make a discretionary call due to the longer and medium term trends being down whilst the shorter is up and also the V.I. is a little north.

As always please ensure to do your own analysis before taking any trade.

Good luck.

Clayton Farnworth.