CHART SCALE: Weekly


INDICATORS: Parabolic Sar, Money Flow Index, Linear Regression Slope


SUPPORT LEVELS : 1.6298


RESISTANCE LEVELS: 1.3697


PAIR ANALYSIS :


EUR/NZD is in a bullish tendency and considering the election it could be possible that this tendency could have a retracement considering the european policy. The currency pair has been dominated by a slightly bullish position tendency with different corrections along the trendlines. The Linear Regression Slope around -0.001 could suggest a bearish retracement , the MFI and the configuration of the Parabolic Sar seem to confirm the bullish trend. It could be considered the key level price at 1.60191 as a possible resistance zone. In this context a bullish crossing at 1.6298 can validate a significant bullish monopoly. It can be evaluated a forecast level price at 1.54831.


FIGURE 1 shows the bullish channel







FIGURE 2 indicates the forecasting pattern


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