EURNZD Consolidation
The EURNZD had approached the Swing High of August 2023 at 1.8463 , and retraced
to the Demand Zone at 1.8070 ( which is now mitigated) .
The VSA shows the Buyers are in control and RSI is printing in the Buy Level.
The fresh Supply Zone above is the target for early next week at 1.8410-1.8450.
It is not likely a major Long Standing Supply Zone at 1.8460 - 1.8470 will be broken so easily.
A consolidation, with an eventual breakout/retest , is more likely. This can be seen with
the Coiling of the Weekly VWAP and the 20/50 MAV.
As price and the 50 MA are above the 200 MAV, the outlook is Bullish.
to the Demand Zone at 1.8070 ( which is now mitigated) .
The VSA shows the Buyers are in control and RSI is printing in the Buy Level.
The fresh Supply Zone above is the target for early next week at 1.8410-1.8450.
It is not likely a major Long Standing Supply Zone at 1.8460 - 1.8470 will be broken so easily.
A consolidation, with an eventual breakout/retest , is more likely. This can be seen with
the Coiling of the Weekly VWAP and the 20/50 MAV.
As price and the 50 MA are above the 200 MAV, the outlook is Bullish.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.