InvestMate|EUR/NZD Strong Downward Wave💶
💶EUR/NZD Strong Downward Wave
💶It has been a while since the last post on EUR/NZD
💶We ideally fell on the support zone set out in the previous post:
💶But very quickly the dynamic rise was just as quickly knocked down.
💶Looking at technical analysis indicators such as MACD, RSI and the fact that we are under the 200 period moving average confirms me in my conviction about the continuation of the downtrend.
💶The price has rebounded from the resistance zone defined by the 0.382 wave level from the April 2022 bottom to the October peak.
💶We have currently fallen to the 0.5 level of the same wave but I do not believe it will hold the price for much longer.
💶I have set a support zone around the 0.618 level of the same wave where the price has already made the upward turn discussed in this post once.
💶The scenario I am playing out is a continuation of the decline to the vicinity of the support zone. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
💶It has been a while since the last post on EUR/NZD
💶We ideally fell on the support zone set out in the previous post:
💶But very quickly the dynamic rise was just as quickly knocked down.
💶Looking at technical analysis indicators such as MACD, RSI and the fact that we are under the 200 period moving average confirms me in my conviction about the continuation of the downtrend.
💶The price has rebounded from the resistance zone defined by the 0.382 wave level from the April 2022 bottom to the October peak.
💶We have currently fallen to the 0.5 level of the same wave but I do not believe it will hold the price for much longer.
💶I have set a support zone around the 0.618 level of the same wave where the price has already made the upward turn discussed in this post once.
💶The scenario I am playing out is a continuation of the decline to the vicinity of the support zone. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
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💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
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