years on the market

EURNZD analysis 29.05.2020


The currency pair is trading in the range of 365 and 135 moving averages. The trend is downward. A bearish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals overboughtness.

Trading recommendations:

Sell when a descending pattern is formed, where the wave (aC) breaks through the inclined channel of the ascending (blue) pattern, completing it.

Stop loss for the local maximum (1.7900).

Target levels: 1.7650; 1.7480.

The EURNZD rate online: monitor the movement of the pair in real time.

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