EURNZD analysis on dated 12-9-2019


The RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is trading under its 20 day moving average (1.73290) but above its 50 day moving average (1.70890)

Type: Swing Trade (90 days)

Recommendation: Sell limit @ 1.73300  Target: 500 pips