Eurnzd Time frame AnalysisEurNzd
1st Window.
In this window we can see Trendline has been broken three week ago. And now this week market is testing its trenline since March 2020. But here 50 SMA is also a resistance. After that we also have resistence near 1.6811 since June 2021 and after that we also have a strong resistence near 1.7173 since July 2020.
2nd Window.
In this window we can see this is the D1 Timeframe. And market is following Trendline since April 2022. And from last 11 days market is down but in a channel. We can expect bullish breakout if market respect its Trendline. So we will find a reversal near 1.6871.
3rd Window
3rd window is showing market has broken its trendline and now testing TL. We may find a resistence and reversal near 1.66700.
4th Window
Here we are concluding that what should we do.
Risk Disclosure
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