📊 Weekly Analysis for EUR/NZD
🔍 Technical Outlook by Shaker Trading
✅ Strong Bullish Structure:
Powerful Ascending Channel (Weekly):
The pair is moving strongly within a well-defined rising channel, confirming bullish market momentum.
Mild Oversold Signal on RSI:
A slight oversold condition has been detected on the RSI indicator, suggesting a potential slowdown in bearish pressure.
Key Demand Zones Identified:
Price is approaching strong demand areas, increasing the probability of a bullish reversal or continuation.
📌 Trading Outlook:
We expect the pair to bounce from the current demand zones, with potential for a continued move to the upside in alignment with the dominant trend.
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🔍 Technical Outlook by Shaker Trading
✅ Strong Bullish Structure:
Powerful Ascending Channel (Weekly):
The pair is moving strongly within a well-defined rising channel, confirming bullish market momentum.
Mild Oversold Signal on RSI:
A slight oversold condition has been detected on the RSI indicator, suggesting a potential slowdown in bearish pressure.
Key Demand Zones Identified:
Price is approaching strong demand areas, increasing the probability of a bullish reversal or continuation.
📌 Trading Outlook:
We expect the pair to bounce from the current demand zones, with potential for a continued move to the upside in alignment with the dominant trend.
🔥 Copy Trading for Free
Join our strategy and let the charts work for you – with no fees or subscriptions.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.