Welcome to this analysis about NZDEUR and the 4-hour timeframe perspectives. As I discovered NZDEUR is developing some interesting structures from where it has the ability to build up and emerge with a breakout to add with increased volatility. As when looking at my chart now we can watch there how NZDEUR recently managed to bounce above the 10-EMA in...
Pair near the resist channel of the trend line may sideline trading at this range then heading down
Monthly under the MA50 but not touch
Weekly below the middle of the Bollinger Band
Near term side trading, then going downturn as it reached to the resistant trend
If the price reaches the resistance zone I will trade short. I'll be watching it. And what do you think?
You have to be careful and analyze the price action before making the decision. We must think that nobody knows what will happen. I'm just trying to put the odds in my favor. Then the price will do what it has to do.
So let's see what happens.
You have to be careful and analyze the price action before making the decision. We must think that nobody knows what will happen. I'm just trying to put the odds in my favor. Then the price will do what it has to do. So let's see what happens.
There could be more EUR strength around the corner if the EUR index can close above it's daily 20 EMA . Forming a low here could be a sign of a change in the pitch of the ascending channel which will create or continue EUR pair uptrends. If so, that EUR strength will start to show in my relative strength analysis and pairing the weaker currencies with the...
The NZD currency has printed bearish structure on the daily time frame as well as the h4 time frame, price has just established below the weekly support level . More bearishness can be expected on this currency
the fundamental outlook below also gives us a better picture
Interest rates at all time lows
The Reserve Bank of New Zealand expanded its large...
STATUS = Confirmed
CURRENT CONFIDENCE = 61%
TARGET (EXIT) PRICE = 0.564920 EUR
BREAKOUT (ENTRY) PRICE = 0.562540 EUR
DISTANCE TO TARGET PRICE = 0.33% (18.6 pips)
EMERGED ON Aug 05, 08:00 PM (UTC)
CONFIRMED ON Aug 06, 02:09 PM (UTC)
WITH CONFIDENCE LEVEL = 69%
The Falling Wedge pattern forms when the price of a pair appears to be spiraling downward, and two...