Category: EURNZD

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EURNZD Weekly Forex Forecast 10th December to 16th December by yshashmi37 on TradingView.com

Midterm forecast:

1.6815 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.
We will close our open trades, if the Midterm level 1.6815 is broken.
Technical analysis:

There is a divergence in RSI and price between the trough at 1.65555 on 2018-11-15 and the trough at 1.6328 on 2018-12-05, the probability of downtrend continuation is decreased and the probability of beginning the correction wave is increased.
While the RSI resistance #1 at 43 is not broken, the probability of price increase would be too low.
A trough is formed in daily chart at 1.6325 on 12/05/2018, so more gains maximum to Major Resistance (1.6815) 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 41.

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EURNZD Weekly Forex Forecast 1st December to 7th December by yshashmi37 on TradingView.com

Midterm forecast:

1.6815 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.
We will close our open trades, if the Midterm level 1.6815 is broken.
Technical analysis:

While the RSI resistance #1 at 43 is not broken, the probability of price increase would be too low.
A peak is formed in daily chart at 1.6790 on 11/22/2018, so more losses to support(s) 1.6225, 1.5830, 1.5255 and more depths 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 27.

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EURNZD Weekly Forex Forecast 25th November to 1st December by yshashmi37 on TradingView.com

Midterm forecast:

1.7115 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.
We will close our open trades, if the Midterm level 1.7115 is broken.
Technical analysis:

While the RSI resistance #1 at 43 is not broken, the probability of price increase would be too low.
A trough is formed in daily chart at 1.6555 on 11/15/2018, so more gains to resistance(s) 1.6815 and maximum to Major Resistance (1.7115) 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 33.

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EURNZD Weekly Forex Forecast 19th November to 25th November by yshashmi37 on TradingView.com

Midterm forecast:

1.7115 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.
We will close our open trades, if the Midterm level 1.7115 is broken.
Technical analysis:

While the RSI resistance #1 at 43 is not broken, the probability of price increase would be too low.
A peak is formed in daily chart at 1.7930 on 10/08/2018, so more losses to support(s) 1.6565, 1.6225, 1.5830 and more depths 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 20.

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EURNZD Weekly Forex Forecast 28th October to 3rd November by yshashmi37 on TradingView.com

Midterm forecast:

While the price is below the resistance 1.8190, beginning of downtrend is expected.
We make sure when the support at 1.7390 breaks.
If the resistance at 1.8190 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:

There is a divergence in RSI and price between the peak at 1.78245 on 2018-09-11 and the peak at 1.79285 on 2018-10-08, the probability of uptrend continuation is decreased and the probability of beginning of downtrend is increased.
The RSI uptrend #1 is broken, so the probability of beginning of downtrend is increased.
A peak is formed in daily chart at 1.7930 on 10/08/2018, so more losses to support(s) 1.7480 and minimum to Major Support (1.7390) 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 44.

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EURNZD Weekly Forex Forecast 22nd October to 28th October by yshashmi37 on TradingView.com

Midterm forecast:

While the price is below the resistance 1.8190, beginning of downtrend is expected.
We make sure when the support at 1.7390 breaks.
If the resistance at 1.8190 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:

There is a divergence in RSI and price between the peak at 1.78245 on 2018-09-11 and the peak at 1.79285 on 2018-10-08, the probability of uptrend continuation is decreased and the probability of beginning of downtrend is increased.
The RSI uptrend #1 is broken, so the probability of beginning of downtrend is increased.
A peak is formed in daily chart at 1.7930 on 10/08/2018, so more losses minimum to Major Support (1.7390) 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 38

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EURNZD Weekly Forex Forecast 14th October to 20th October by yshashmi37 on TradingView.com

Midterm forecast:

While the price is below the resistance 1.8190, beginning of downtrend is expected.
We make sure when the support at 1.7665 breaks.
If the resistance at 1.8190 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:

While the RSI uptrend #1 is not broken, bullish wave in price would continue.
A peak is formed in daily chart at 1.7930 on 10/08/2018, so more losses to support(s) 1.7730 and minimum to Major Support (1.7665) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 55.

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EURNZD Weekly Forex Forecast 7th October to 13th October by yshashmi37 on TradingView.com

Midterm forecast:

While the price is below the resistance 1.8190, beginning of downtrend is expected.
We make sure when the support at 1.7735 breaks.
If the resistance at 1.8190 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:

While the RSI uptrend #1 is not broken, bullish wave in price would continue.
A trough is formed in daily chart at 1.7475 on 09/28/2018, so more gains to resistance(s) 1.8000 and maximum to Major Resistance (1.8190) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 68.