EURNZD: Well positioned again for another bearish move
From our previous analysis of EURNZD, the price has transformed the picture to bullish and now it has changed back to bearish.
The pattern is strong and bearish, the main problem lies in NZD. It has been very weak for a long time without any clear reason. I can’t say that the GDP data is good, but we have seen many countries with bad economic indicators and their currencies are strong.
Simply put, we are not at a clear moment. The pattern is bearish, but NZD is still very weak. However, we cannot ignore the chart that shows a downward movement, however it may develop later.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
From our previous analysis of EURNZD, the price has transformed the picture to bullish and now it has changed back to bearish.
The pattern is strong and bearish, the main problem lies in NZD. It has been very weak for a long time without any clear reason. I can’t say that the GDP data is good, but we have seen many countries with bad economic indicators and their currencies are strong.
Simply put, we are not at a clear moment. The pattern is bearish, but NZD is still very weak. However, we cannot ignore the chart that shows a downward movement, however it may develop later.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Trade active
Target _1 reached
Trade closed: target reached
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✅MY FREE Signals Channel
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.