Bullish Divergence with MACD and Break above the Bearish Trend line are the evidences of trend reversal we can target the Fibonacci Projection Parallels legs and Extension levels we may hove some retracement along the Move up which is very normal for a healthy uptrend
-The price has formed the second swing of the descending channel. -Price is reversing from the 3rd swing of the rising wage. Cons: Descending structure is a bullish signal in the long-term.
EURNZD Today's give away pips from EURO Kiwi . The price has broken its support and moving yet for the next station. also trend is bearish.
1.65000 level represents the concrete support level drawn from the Monthly charts, which has been clearly rejected and the price now aims at breaking the channel that it is confined in and close above the daily 50 EMA! A convincing close above daily 50 EMA needs to take place, thereby giving further confluence that the price is headed towards the 1.69000...