Analytics for EUR/NZD Forex pair, based on complex analysis of modified waves, Fibonacci levels and price channels
The Forex pair is traded near the lower border of its flat move. The downward wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.
Trading …
The overall trend is ascending. The USD index tests the lower border of the long-term price channel, the Euro index tests the resistance level. The ascending wave structure is truncated. There is …
#SNGS
The downward truncated wave structure's formation finished with the breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold situation. The level of 21.625 keeps sellers aloof.
Trading idea:
Buy at the breach of 21.760
Stop-Loss: 21.625
Target price levels: 21.920; 22.300
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