The structure on EURNZD suggests the pair is unfolding within a broader impulsive sequence, but the short-term leg appears corrective in nature. Price is currently reacting around the 1.96 – 1.97 zone, which aligns with a cluster of Fibonacci retracements.
From a wave perspective, the decline from recent highs looks corrective, hinting that another upward leg could still develop before the larger cycle turns lower.
If price holds above the 1.95 – 1.96 support region, an extension higher toward the 2.02 – 2.04 zone remains possible.
That zone coincides with Fibonacci projections and could serve as the completion area for the current upward phase.
Once that move matures, the broader structure points to a potential bearish transition, with deeper downside targets unfolding in line with the larger corrective path.
Wave analysis often reveals how markets expand in measured phases shorter-term corrections feeding into higher-degree swings. The key is to monitor whether price respects the current corrective floor or breaks it, which would confirm an earlier shift into the downward sequence.
👉 I’ll be looking for a sell setup if price reaches the 2.02 – 2.04 zone or if we break below the current trendline and consolidate.
⚠️ Disclaimer: This outlook is based on personal wave analysis and shared for educational purposes only. It is not financial advice. Trading involves risk—always do your own research before acting.
From a wave perspective, the decline from recent highs looks corrective, hinting that another upward leg could still develop before the larger cycle turns lower.
If price holds above the 1.95 – 1.96 support region, an extension higher toward the 2.02 – 2.04 zone remains possible.
That zone coincides with Fibonacci projections and could serve as the completion area for the current upward phase.
Once that move matures, the broader structure points to a potential bearish transition, with deeper downside targets unfolding in line with the larger corrective path.
Wave analysis often reveals how markets expand in measured phases shorter-term corrections feeding into higher-degree swings. The key is to monitor whether price respects the current corrective floor or breaks it, which would confirm an earlier shift into the downward sequence.
👉 I’ll be looking for a sell setup if price reaches the 2.02 – 2.04 zone or if we break below the current trendline and consolidate.
⚠️ Disclaimer: This outlook is based on personal wave analysis and shared for educational purposes only. It is not financial advice. Trading involves risk—always do your own research before acting.
ノート
Update: No changes for now. EUR/NZD continues to move as expected.
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免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。