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EURNZD analysis 19.05.2020

19.05.2020

Market Review

EURNZD 

The currency pair is trading in the range of 135 and 365 moving averages directed upwards. Awesome Oscillator shows bullish divergence, while Stochastic Oscillator signals oversoldness.

Trading recommendations:

Buy strictly when an ascending wave pattern is formed, where wave A breaks through the inclined channel of the descending (blue) pattern.

Stop loss at the local minimum.

The goal is 1.8250;

The EURNZD rate online: monitor the movement of the pair in real time.

Author: admin
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