EURNZD ANALYSIS Long

Euro Fx/New Zealand DollarFXCM

Description

⋅ Jan 13, 2021 11:46 AM

EURNZD broke downtrend line
price above HVN around 1.6900
price based above SMA 100
MACD shows bullish momentum
RSI above 50
price formed inverted head and shoulder
so its expect bullish movement to resistance level around 1.7100

Comments

Mars-james

⋅ Jan 14, 2021 7:45 AM

Nice analysis

Jeams_stonis

⋅ Jan 14, 2021 7:35 AM

Great idea.

Investroy

⋅ Jan 14, 2021 2:03 PM

Keep it up mate, nicely done 👍🏼

KlejdiCuni

⋅ Jan 14, 2021 9:59 AM

Great analyzes again. Thanks for sharing!

Dave-FX-Hunter

⋅ Jan 13, 2021 5:24 PM

Weak NZD will bring this up for sure.

DiantaraTrader

⋅ Jan 13, 2021 1:11 PM

nice chart,....

same view, sir,...

MMFXSignals

⋅ Jan 13, 2021 2:06 PM

@DiantaraTrader, nice analysis

FXtrades-gp

⋅ Jan 13, 2021 12:42 PM

That's true! to be honest I was closely pay attention on the support and trendlines, I missed the head and shoulder pattern, well done!

MMFXSignals

⋅ Jan 13, 2021 2:06 PM

@FXtrades-gp, thnx

TheSignalyst

⋅ Jan 13, 2021 12:19 PM

nice one on eurnzd, i also agree here! waiting for the confirmation to jump in!