EUR/NZD WEEKLY TECHNICAL ANALYSIS & SIGNALS

forex technical analysis

EURNZD Technical Analysis: Weekly Chart

In the weekly charts, EURNZD is trading in a down channel.

It is trading below all SMA.

The immediate support is 1.6059 & the resistance level is at 1.6318.

EURNZD is trading in the down channel until there is a trend reversal.

EURNZD Technical Analysis: Daily Chart

In the daily charts, EURNZD is trading in a down channel.

It is trading below all SMA.

The immediate support is 1.5993 & the resistance level is 1.6218.

EURNZD is trading in the down channel until there is a trend reversal. 

How to Trade EURNZD this Week:

EURNZD will follow the downtrend until their trend reversal. So, remain bearish on EURNZD.

TRADE SUGGESTION- SELL AT 1.6119, TAKE PROFIT AT 1.5989 AND STOP LOSS AT 1.6218

About Author

Related posts

Leave a Reply