var tradingview_embed_options = {};
tradingview_embed_options.width = ‘640’;
tradingview_embed_options.height = ‘400’;
tradingview_embed_options.chart = ‘TTXDVxG9’;
new TradingView.chart(tradingview_embed_options);
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.
About the Author
