• EURNZD reversed from key support level 1.6950
• Likely to rise to 1.7240
EURNZD recently reversed up from the key support level 1.6950, which stopped the previous sharp downtrend at the end of November – standing close to the lower daily Bollinger Band.
The upward reversal from the support level 1.6950 stopped the previous minor impulse wave C.
Given the clear bullish divergence on the daily RSI indicator and the strength of the support level 1.6950 – EURNZD is expected to rise further to the next resistance level 1.7240 (target price for the completion of the active minor impulse wave (i)).
- Adobe reversed from support zone - Likely to rise to resistance level 500.00 Adobe…
- EURJPY reversed from support zone - Likely to rise to resistance level 0.8625 EURGBP…
USDJPY was slipping below 153 on Friday morning, a three-week low and having lost over…
Market picture Crypto market capitalisation rose 3.3% in 24 hours to $2.22 trillion. Local capitalisation…
- EURJPY under strong bearish pressure - Likely to fall to support level 163.10 EURJPY…
- WTI broke round support level 80.00 - Likely to fall to support level 76.00…
This website uses cookies