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Samuel124

Technical Analysis: EURNZD Bearish Butterfly

Short
Euro / New Zealand Dollar (OANDA:EURNZD)  
Samuel124 Updated   
OANDA:EURNZD   Euro / New Zealand Dollar
Harmonic Patterns Chart Patterns Technical Indicators Bearish Butterfly eurnzdshort bearishdivergence resistance_level
9
2
harmonicpatterns chartpattern indicator bearishbutterfly eurnzdshort bearishdivergence resistance_level
Hello Traders,

Below is my Technical Analysis of EURNZD.

EURNZD has formed a bearish butterfly pattern with points X: 1.79369, A: 1.7442, B: 1.78702, C: 1.76273, D: 1.80786. The current price is 1.80379. Expectation for a drop to 1.78808 in the coming weeks. Additionally, a bearish divergence is noted on the Awesome Oscillator, indicating weakening bullish momentum.

Cheers and Happy Trading.
Comment:
The pair has moved a total of +295pips since this analysis was posted.
Comment:
EURNZD has done a total of +400Pips since this setup was shared.

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