EURNZD we are bearish on the weekly timeframe market is in a strong downtrend last weeks candle has closed below support and has closed in the way in which we expect the next weekly candle to fill in the wick, on the daily timeframe market has made a nice bearish impulse followed by a correction to the 0.382 fibonacci, which is also aligning perfectly with the new daily resistance and the daily downtrend giving us a confluence of resistance and a area of supply, we are now expecting the continuation to the downside and market to form a new lower low from a daily perspective.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.