vlad.adrian
Long

EURNZD - Weekly bottomed, daily entry

FX:EURNZD   Euro Fx/New Zealand Dollar
158 7 2
I suggested months back that EURNZD             has bottomed, the chart is below in the linked section.

The daily chart shows some kind of reversal pattern, a combination between a H&S and a double bottom . Price retested the support provided by this pattern, made a false breakout below the local             support, and then rallied strongly on news. I believe this pair has a long way to go. First important resistance that needs to break is at 1.64444.
Dont forget about 03/2011 Trendline. It has been tested several times. There is a fight between trend/Resistance and 200DMA, I'm waiting for a confirmation above 1.64 to take a long bias
Reply
OMBS OMBS
snapshot
Reply
I do not watch trend lines :)
Reply
OMBS vlad.adrian
Nice! I thought I used simple technical analysis but you have surpassed me ha
Reply
Well, you can use whatever suits you best. For me, trend lines don't work
Reply
OMBS vlad.adrian
I totally agree
Reply
12.11.2014 closed out
snapshot
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out