InvestingScope
Short

EURNZD: Sell opportunity on a long term pattern.

FX_IDC:EURNZD   Euro / New Zealand Dollar
EURNZD has been trading inside a Channel Up on the 1W chart since late 2012 ( RSI = 54.285, MACD = 0.025, ADX = 24.737). In late March 2020 the pattern made its Higher High and has been declining since. The MACD is making a bearish cross-over so we will be taking this opportunity to go short. Our Target Zone is as seen on the chart.

Recent signal:




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