Hi friends…just run into this sci-fi looking sentiment Map at a facebook page (impulse5FX) claiming NZD is currently going through the strong bullish sentiment storm…Please tell me what you think…Do you think current NZD bullishness can continued toward the end of this week?
I think they exaggerated emotional component of forex trading. It’s not a US stock market in 1920s where as Keynes wrote “animal spirits” drive the market. 70% of forex transactions including NZD is done by robots and automatic exchange payments so using the notion of bullish sentiment storm doesn’t reflect actual state of things in trading.
I would recommend you to pick some other market pundit and commentator who provides more professional views.