- Analytics
- Trading Ideas
Trading Idea - EUR/NZD, 20-12-2023
Trading Signal: EURNZD
| Order | Buy |
| Direction | Range Bound |
| Pattern | Trading in flag pattern |
| Interval | Daily |
| Length (Candles) | 4 |
Idea Summary
The medium term EURNZD price forecast is bullish. The EURNZD price is testing the support of a flag chart pattern below the 200-period moving average MA(200). Most likely the price will reflect off the support and rise while there is a likelihood it may breach below support and fall.
Note:
This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.
- Get Certificate
