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Weekly forecast Euro / New Zealand Dollar technical chart
Symbol EURNZD

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Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateJune 20, 2020 - 21:33
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • While the price is below the resistance 1.82600, continuation of downtrend is expected.
  • We make sure when the support at 1.66150 breaks.
  • If the resistance at 1.82600 is broken, the short-term forecast -continuation of downtrend- will be invalid.

Technical analysis:

  • The RSI resistance #1 at 57 is broken, so the probability of continuation of downtrend is decreased.
  • A peak is formed in daily chart at 1.7970 on 05/29/2020, so more losses to support(s) 1.7285, 1.7145, 1.6965 and minimum to Major Support (1.6615) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 43.

Supports and Resistances:

  1. 1.7445
  2. 1.7285
  3. 1.7145
  4. 1.6525
  5. 1.6295
  6. 1.5830
Click on the level to view price action history.

Symbol Released Current Forecast
Euro / New Zealand Dollar (EURNZD) Sun, 24 Mar 2024
Euro / New Zealand Dollar (EURNZD) Sun, 17 Mar 2024
Euro / New Zealand Dollar (EURNZD) Sun, 10 Mar 2024
Euro / New Zealand Dollar (EURNZD) Sun, 3 Mar 2024
Euro / New Zealand Dollar (EURNZD) Thu, 29 Feb 2024