Currency

EURNZD: BE READY FOR A PARABOLIC MOVE

Long
FX:EURNZD   Euro / New Zealand Dollar
8
My prediction on this pair. Of course I don't just trade based on a prediction and this pair has produced a BIG buy signal on THIS time frame. Going back a few years, one could see that this pair produced a similar price action which resulted in an absolute vertical move up for about 9000 pips. The market doesn't necessarily behave the same way each time, but it does produce noticeable patterns that we could observe and predict. Recently I published a prediction of a violent move of the EURUSD upward and also a prediction on the fall of the NZDUSD due to a completion of a correction. You add the two together and you would understand why a prediction of this pair going up would make a lot of sense. This could be one of the best long term trades over the next year so be ready!
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.