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29/08/2022

Euro prices are now trading against the New Zealand dollar in a corrective framework that represents a wave 2 that targets 61.8% retracement of wave 1 at 1.65217. when it is completed, a model 1 2  1 2 will be formed, which is evidence of a bearish impulsive wave with a high selling momentum, and the critical limit for wave 2 is 1.69671.

Eurnzd 2022 08 27 02 34 08

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20/8/2022

The euro against the New Zealand dollar continues in the bearish impulsive trend after it completed a pattern 1 2 1 2 and has already started the wave at ((3)), which is currently aimed at breaking the support formed at 1.564280. The critical limit that maintains this scenario is 1.696710

 

Eurnzd 2022 08 20 02 49 31

03/09/2022

It is now descending in the form of an impulse wave ((3)), which is formed a pattern 1 2 1 2 that indicates to a bearish trend with high momentum, after the wave 2 completes its targets at 1.0652200 and 1.67174. The critical limit of this decline at 1.69671.

Eurnzd 2022 08 31 23 29 14

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Eurnzd 2022 08 22 11 39 41

Coming closer to the weekly range, we are looking for a sell-off in wave (3) of ((A)) of y, critical resistance at 1.736860

Eurnzd 2022 08 21 00 17 42

Looking for more downside lower than 1.388380 in wave y, critical resistance at 1.736860