EUR/NZD is showing signs of an upside correction on the weekly time frame. The price on the daily time frame is in the throes of a bullish H&S. EUR/NZD has been carving out a bullish pattern on both the weekly and daily time frames and the following is a top-down analysis that illustrates where the next swing trading opportunity might play out. Weekly chart The M-formations are expected to draw in the bid towards a confluence of Fibonacci retracements and prior structure. Daily chart The reverse head and shoulders is a bullish pattern that will be completed on an upside continuation. Bulls can target a daily Fibo retracement of the prior correction which meets resistance according to a volume profile analysis. 4-hour chart Bulls will want to see the trendline resistance broken and recent structure restested for an optimal entry point. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Bitcoin Price Analysis: BTC bulls eye one-week-old horizontal resistance on the way to 20,000 FX Street 2 years EUR/NZD is showing signs of an upside correction on the weekly time frame. The price on the daily time frame is in the throes of a bullish H&S. EUR/NZD has been carving out a bullish pattern on both the weekly and daily time frames and the following is a top-down analysis that illustrates where the next swing trading opportunity might play out. Weekly chart The M-formations are expected to draw in the bid towards a confluence of Fibonacci retracements and prior structure. Daily chart The reverse head and shoulders is a bullish pattern that will be completed on an upside… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
