EURNZD

11 Mar 2019

I still have my mid-term bullish glasses on for this asset. Could be we have reached a low again at the current price. It looks like buyers are attempting to turn it up already, but not there yet. Looks like a legit channel, the range between the green and red. So we should see follow through if either one breaks. If the one at the low breaks, i would keep an eye out for a false move, something like the red line. If it drops and goes back up again with similar speed, it could be the low is set and then we should see a counter move up again.


Previous analysis:

12 Mar 2019

Catatan

Small attempt to break up failed and has been dropping since. Now we might be at an important stage. It is moving up, but slowly, so could be a retest of former support before dropping again. But if we move up, break that green and red zone within like 12 hours or so, could be the reversal is set. But needs some acceleration if it breaks those levels.