EURNZD 26/APR/2023
Based on recent price action, EURNZD has formed a bullish channel pattern.
Last week, the price breakout from the resistance area of the bullish channel, indicated a strong buy signal.
This week, there is a possibility of price correction and the price retraced, but still managed to find support in the bullish region.
The stochastic 5,3,3 indicator has crossed below the oversold value, supporting the bullish sentiment.
False breakout is still possible and the price may return to the bullish channel area.
Last week, the price breakout from the resistance area of the bullish channel, indicated a strong buy signal.
This week, there is a possibility of price correction and the price retraced, but still managed to find support in the bullish region.
The stochastic 5,3,3 indicator has crossed below the oversold value, supporting the bullish sentiment.
False breakout is still possible and the price may return to the bullish channel area.
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Trendline, Bollinger Bands, and Chart Pattern Analysis. Mid-Long Term Strategy. No courses or premium signals provided. Open for collabs or free analysis requests - feel free to DM.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.