EURNZD: Rising Wedge Signals Potential Reversal
The price is moving within a rising wedge pattern, which usually signals a potential bearish reversal.
Recently, the price reached 2.0300, marking a new all-time high that dates back to November 2009. Overall, the EURO is very overvalued.
If the wedge pattern holds this time, then the main targets are as follows:
2.0200.
2.0110
2.0030.
NZD weakness was attributed to the New Zealand economy not performing as expected, according to the RBNZ. I can't say if this is true, because the current economic situation is a mess in all major economies due to Trump's tariffs.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
The price is moving within a rising wedge pattern, which usually signals a potential bearish reversal.
Recently, the price reached 2.0300, marking a new all-time high that dates back to November 2009. Overall, the EURO is very overvalued.
If the wedge pattern holds this time, then the main targets are as follows:
2.0200.
2.0110
2.0030.
NZD weakness was attributed to the New Zealand economy not performing as expected, according to the RBNZ. I can't say if this is true, because the current economic situation is a mess in all major economies due to Trump's tariffs.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
✅MY FREE Signals Channel
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.
✅MY FREE Signals Channel
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.