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Bearish harmonic pattern

Ucef Posted 31 Mar. as Analysis on EUR/NZD, Target: 1.7000, Date: 1 von May, 12:00 GMT in #Technical analysis #Harmonic Trading #Bearish Signs #EUR/NZD #Fibonacci Level #Channel Breakout

Daily Vision
The pair trend is bearish in daily time frame. Vital resistance is present at weekly close. In past few trading days, price has completed possible bearish impulse Wave-A and moved up.
Based on Elliott wave analysis, I now expect price action to print bullish Wave B. The trend is bearish and a good idea is to look for a sell trading chance to join the down trend after the end of bullish Wave B leg in current time frame or smaller time frame targeting 1.7000.
However, if bullish ca…

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Further bullish pressure

Ucef Posted 29 Feb. as Analysis on EUR/NZD, Target: 1.6215, Date: 1 von April, 12:00 GMT in #Technical analysis #Elliot Wave #Fibonacci Levels #Bullish Bias #EUR/NZD #Channel Breakout

Daily Vision

The pair attempted to push lower yesterday bottomed at support line but closed higher in another high volatile market.
We have been seeing a strong bearish market for the last two weeks where the pair slump more than 1500 pips without significant correction and the next potential target is seen around (weekly EMA 200) at 1.6215.
The bias is bearish in nearest term. And an immediate resistance is seen around the daily close. While a clear break above that area could lead price t…

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D . EURNZD . buy opportunity coming up, after a 500 pip

Ucef Posted 28 Aug. as Analysis on EUR/NZD, Target: 1.7200, Date: 1 von October, 12:00 GMT in #Technical analysis #EUR/NZD

The EUR-crosses are poised to make new lows against the Forex commodities currencies (AUD, NZD and CAD).
The next low should complete a bullish pat pattern, which is valid as 1.4960 holds.
It looks like we are in a complex wave (b) of wave B or X.
If it's wave B, we are doing a flat and should see a test of the 1.700 figure.
If it's wave X, we should see new highs above 1.720.

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Bearish harmonic pattern

Further bullish pressure

D . EURNZD . buy opportunity coming up, after a 500 pip