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since Feb 14, 2016
chartpattern
eurnzd1hr
eurnzdlong
trendanalysis
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Last night push, created a lower low in the structure. Price is retesting the previous resistance area. If price fail to break above, we can short to the lower zone. However if price break above the resistance area, we can wait for a pullback and a buy.
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Recent bearish momentum indicating weakness in Gold. From the chart, it seems that Gold as reached an accumulation phase. There are 2 plays that can be see, either a short term buy if price breaks the immediate high to the next zone, or 2 zones to sell.
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I see Eurnzd going long since it broke a recent trendline. Inverse H&S on the Daily as well. Comment if you like/dislike. Open to other ideas :)
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