EURNZD Will Go Up! Long!

20 באוג׳

Please, check our technical outlook for EURNZD.

Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish

The market is testing a major horizontal structure 1.806.

Taking into consideration the structure & trend analysis, I believe that the market will reach 1.824 level soon.

P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.

Like and subscribe and comment my ideas if you enjoy them!

21 באוג׳

הערה

Great beginning for a trade, let’s hope it goes further!