NZDEUR, Major BULL-Flag-Formation, Targets Objections!

Hello There!

Welcome to my new analysis of NZDEUR. In recent times I have spotted many gems within the forex market. With NZDEUR I have analyzed the underlying dynamics and spotted important determinations that have the potential to elevate NZDEUR into a massive bullish breakout development with expanding price-action dynamics and activation of important target-zones. In this case, NZDEUR is a considerable long-side opportunity, and when continuing with a total-return approach as I am doing it the best is to also consider other short-side opportunities in the market.

When looking at my chart NZDEUR moved forward with completing a highly important formation here which is this major ascending channel formation and NZDEUR continued with an appropriate breakout above the upper boundary confirming the boundary as the main support level together with the 65EMA and 35EMA. Furthermore, NZDEUR has the main structure support within the range marked in orange in my chart. NZDEUR already bounced several times in these important support zones and is now building a greatly determined bull-flag formation above the prevalent support levels.

Taking all the major factors into consideration here the next time the final bull-flag completion breakout of NZDEUR should be considered. Once the final bull flag has been completed as marked in my chart with the final bullish bull-flag breakout setup this is going to be the origin of the major wave-E expansion movements toward the upside dynamics, and once this final breakout has shown up it is going to activate the initial minimum target-zone as marked in my chart at 0.5708, above this the second target-zone will be at 0.57382, and the final target-zone will be within the 0.577 level.

Thank you everybody for watching my idea about NZDEUR. Support from your side is greatly appreciated.
“I always knew I was going to be rich. I don't think I ever doubted it for a minute. ”

VP

Comment:

ANALYSIS UPDATE: NZDEUR increased the bullish momentum to emerge with the bull flag breakout, confirming the whole completion.

NZDEUR is now increasing further determinations and activated the major target zones.

Comment:

ANALYSIS UPDATE: NZDEUR continued with the greatly increased bullish determinations and expanded the bullish breakout.

NZDEUR is reaching out to the initial minimum target zones. ✔

Comment:

UPDATE: NZDEUR is accelerating the bullishness within the range.

NZDEUR is going to reach all of the main target zones within the schedule.