InvestMate|EUR/NZD Strong Downward Wave๐ถ
๐ถEUR/NZD Strong Downward Wave
๐ถIt has been a while since the last post on EUR/NZD
๐ถWe ideally fell on the support zone set out in the previous post:
๐ถBut very quickly the dynamic rise was just as quickly knocked down.
๐ถLooking at technical analysis indicators such as MACD, RSI and the fact that we are under the 200 period moving average confirms me in my conviction about the continuation of the downtrend.
๐ถThe price has rebounded from the resistance zone defined by the 0.382 wave level from the April 2022 bottom to the October peak.
๐ถWe have currently fallen to the 0.5 level of the same wave but I do not believe it will hold the price for much longer.
๐ถI have set a support zone around the 0.618 level of the same wave where the price has already made the upward turn discussed in this post once.
๐ถThe scenario I am playing out is a continuation of the decline to the vicinity of the support zone. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
๐If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.๐
๐ถIt has been a while since the last post on EUR/NZD
๐ถWe ideally fell on the support zone set out in the previous post:
๐ถBut very quickly the dynamic rise was just as quickly knocked down.
๐ถLooking at technical analysis indicators such as MACD, RSI and the fact that we are under the 200 period moving average confirms me in my conviction about the continuation of the downtrend.
๐ถThe price has rebounded from the resistance zone defined by the 0.382 wave level from the April 2022 bottom to the October peak.
๐ถWe have currently fallen to the 0.5 level of the same wave but I do not believe it will hold the price for much longer.
๐ถI have set a support zone around the 0.618 level of the same wave where the price has already made the upward turn discussed in this post once.
๐ถThe scenario I am playing out is a continuation of the decline to the vicinity of the support zone. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
๐If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.๐
๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ
๐ฒ To keep up to date with all my activities I invite you to visit my Telegram ๐ฒ
๐ฒ t.me/Investmatez ๐ฒ
๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ
๐ฒ To keep up to date with all my activities I invite you to visit my Telegram ๐ฒ
๐ฒ t.me/Investmatez ๐ฒ
๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ
ืคืจืกืืืื ืงืฉืืจืื
ืืชื ืืืชืืจ
ืืืืืข ืืืคืจืกืืืื ืืื ื ืืืืจืื ืืืืืช, ืืืื ื ืืืืืื, ืขืฆืืช ืคืื ื ืกืืืช, ืืฉืงืขืืช, ืืกืืจ ืื ืกืืืื ืืืจืื ืฉื ืขืฆืืช ืื ืืืืฆืืช ืฉืกืืคืงื ืื ืืืืฉืจืื ืขื ืืื TradingView. ืงืจื ืขืื ืืชื ืืื ืืืืืืืืช.