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EUR/NZD Trading Analysis (04/07/2023)

04.07.2023

Market Review

The trend is ascending. The currency pair is traded in the range between 50 and 22 ЕМА on the D1 timeframe. The multi-candle pattern 'Triple Bottom' has formed. There is bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.
 

EUR/NZD Price Chart as of 04/07/2023 with technical indicators

Trading idea:

Buy at the breach of 1.7752.

Stop-Loss: 1.7699.

Target price levels: 1.7810, 1.7900.


#eurnzd #forex #forextrading #forextradingstrategies #forexmt5

Author: GC
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