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.