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EURNZD

EUR/NZD Set To Fall! SELL! My dear followers , My technical analysis for EUR/NZD is below: The market is trading on 1.77242 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 1.76544 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
2
EURNZD – waiting for bearish PA the week of 26June 2023On the daily chart this pair is still bullish but we do have a lower high. As the H4 chart shows we seem to have formed a double top. Look at the recent PA within the equidistant channel and note how each bullish move is immediately followed by a bearish move of similar strength. IMO, the bulls are running out of steam. It is likely that the battle between the bulls and bears will continue for a short time and we may even see another attempt to break higher. I do believe that a bearish trend formation is likely and will wait for price action evidence to confirm that. The area just above 1.740 looks like a good initial target. Nothing is 100% in trading, so as always, use sound money and risk management and stay patient in all your trades. If you like my analysis, please give it a “thumbs up” and follow me to get even more awesome content. What do you think about this trade idea? Please comment and share your thoughts!!
Short
by Trading_Vista