Todays Market

Most pairs are drifting around the 50% Average Weekly Range line. Even in those cases that we have strong quantified trends in one direction, making a probabilistic decision as to enter a trade is a tough job. Therefore, as of now, very few pairs have/had clear indication if they have/had better chances of expanding north or south. There are a few exceptions though. EURNZD being one of these exceptions where price is clearly wandering close to the high of the week. Lets see if trend and probability confirm my thoughts.