NZDUSD already turned to downward in medium term after reaching the central rate of the upper ceiling of medium term target zone. The week before, the pair was pressured down by exceeding the weekly price volatility to confirm the bearish term.
Based on time series currency band measurement model, the week ahead the pair will be fluctuated interior the 0.6500-0.6200 for about 300 PIPs. The medium term, short term, monthly term of price dynamics by Brownian motion process stochastic already confirm the bearish directional price and the short trade likely at lower risk.
Short trade likely good to be placed at 0.6500 or near to the 0.6500 to target the 0.6200 for weekly price volatility. The 0.6500 likely will be visited by the estimated average traded weighted rate to the EUR, JPY and CHF of their central rate at their upper ceiling of weekly price volatility, but should large short trade to be made by traders prior to 0.6500 and then the pair likely will not reach that level. Thus, placing the trade near to the 0.6500 also recommendable.
Based on time series currency band measurement model, the week ahead the pair will be fluctuated interior the 0.6500-0.6200 for about 300 PIPs. The medium term, short term, monthly term of price dynamics by Brownian motion process stochastic already confirm the bearish directional price and the short trade likely at lower risk.
Short trade likely good to be placed at 0.6500 or near to the 0.6500 to target the 0.6200 for weekly price volatility. The 0.6500 likely will be visited by the estimated average traded weighted rate to the EUR, JPY and CHF of their central rate at their upper ceiling of weekly price volatility, but should large short trade to be made by traders prior to 0.6500 and then the pair likely will not reach that level. Thus, placing the trade near to the 0.6500 also recommendable.
コメント:
Weekly lower ceiling revised to 0.6400 and already touched