A bullish trend appears to be brewing on EUR pairs. EURNZD is one of the most volatile currency pairs. Recently on the faster timeframes, it broke out of the daily/weekly/weekly resistance at 1.780. Now, it appears to be retesting this zone before it can push higher to at least 50% of the previous January 2009 - May 2015 downtrend.
Comment:
Breaking out in real time!
Comment:
Price broke out of the resistance before retesting the resistance in the last few days. The trend continues!
Comment:
This is a long term trade for swing traders. Watch the close of the monthly candle the coming week. A close above the opening means the dominant trend is bullish.
Comment:
Price is back above the resistance !
Comment:
400 PIPS!
Comment:
New highs made by the daily candle yesterday . This is also a major resistance zone. I am anticipating a breakout and continuation of the trend.
Comment:
Just go on the faster daily TF and check the volume associated with the yesterday candle. Humongous volume !. This is nothing else but professional money coming in the market. According to the Commitment of Traders analysis on my youtube, the Non Commercial traders are heavily long on the EURO. Stay long!
Comment:
The Uptrend is still intact. This is a long term trade and patience is required.
Comment:
Price tagged new highs in recent months last week. Expecting a continuation of the bullish trend in the coming week.
Comment:
The dominant trend resumes !
Comment:
The dominant trend resumes ! 400 PIPS STRONG !
Comment:
500 PIPS STRONG !
Comment:
New highs, new territory. This is just the start !
Comment:
HOLD UP ! REPEAT AFTER ME ! ...600 PIPS !
Comment:
The weekly candle closed well above the previous highs @ 1.8100. The market has now made New highs in the current bullish trend. Meanwhile, we have 670 PIPS floating in profit !
Comment:
700 PIPS ON THE TREND !
Comment:
New highs everyday ! The trend is io fire !
Comment:
750 PIPS FLOATING !
Comment:
800 PIPS FLOATING !
Comment:
The market remains bullish. Remember, the TP is 1700 pips away @ 1.2000
Comment:
The uptrend resumes !
Thedeveloper