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Samuel124
Mar 27, 2024 9:33 AM

Technical Analysis: EURNZD Bearish Butterfly Short

EUR/NZDOANDA

Description

Hello Traders,

Below is my Technical Analysis of EURNZD.

EURNZD has formed a bearish butterfly pattern with points X: 1.79369, A: 1.7442, B: 1.78702, C: 1.76273, D: 1.80786. The current price is 1.80379. Expectation for a drop to 1.78808 in the coming weeks. Additionally, a bearish divergence is noted on the Awesome Oscillator, indicating weakening bullish momentum.

Cheers and Happy Trading.
Comments
TheFxAce
Your analysis provides a strong, no-nonsense reason to explore selling options.
Samuel124
@TheFxAce, thank you, mate
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