years on the market

EURNZD analysis

EURNZD

The ascending pattern of the H2 level is truncated, the inner pattern is also truncated. Awesome Oscillator shows a bearish divergence, while Stochastic Oscillator signals overbought conditions. Probably the ascending truncated of the H2 level is the wave (B) of the descending wave pattern of the H8 level.

EURNZD rate online:  monitor the price movement in real time.

Trading idea:

Sell when a descending wave pattern is formed, where the wave (A) breaks through the inclined channel of the ascending truncated pattern (H2).

Stop Loss for the local maximum of the ascending pattern.

Target levels: 1.67.80 (round minor level); 1.6700 (trap + round important level).

Other reviews

Choose your language