Another LARGE Cup and Handle is forming on EUR/NZD.
It's the race between the EURO and the NZD - Either way the rand (in south africa) is cooked haha - cry.
Some reasons for Euro upside may include:
~ Eurozone fundamentals healthier than NZ’s.
~ NZ economy shows lingering softness.
~ NZD is oversold and ripe for correction.
~ Sentiment and models align bullishly for EUR/NZD.
Right now we are waiting for a breakout due to
Cup and Handle
Price>20 and 200MA
Target 2.0546
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
It's the race between the EURO and the NZD - Either way the rand (in south africa) is cooked haha - cry.
Some reasons for Euro upside may include:
~ Eurozone fundamentals healthier than NZ’s.
~ NZ economy shows lingering softness.
~ NZD is oversold and ripe for correction.
~ Sentiment and models align bullishly for EUR/NZD.
Right now we are waiting for a breakout due to
Cup and Handle
Price>20 and 200MA
Target 2.0546
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.