unique4x
Short

EURNZD Setting Up For Short Trade

FX:EURNZD   Euro Fx/New Zealand Dollar
EURNZD             is setting up for a possible bearish move down to any of the 3 targets listed below. Although this pair has been in a beautiful uptrend over the past 5 months, it will end sooner or later. RSI has been flashing some negative divergence for 3 months, that alone is not enough to act upon. We will be waiting to see a daily close below the lower uptrend line by more than 50 Pips before initiating our swing position.

Targets are listed in blue at 1.67852, 1.63632, 1.60116 and 1.54088. Stop can be placed with a daily close above 1.80070 or if you'd like to risk more, a daily close above the upper trendline .
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out