From Investor to Scalper is a cycle of analysis in which we take one financial instrument and the analysis includes a detailed look at the value from the monthly/weekly chart to the H1/M30.


EURNZD has been moving for a long time in a relatively broad consolidation between levels 1.40 – 1.80. Although the last drops did not reach the lower limit of this box, from the beginning of February last year we are again observing increases.

EURNZD Weekly

Looking at the daily interval, we notice that the entire growth movement is within the channel. It is worth noting, however, that due to the ongoing since the beginning of December this year declines the pair has already defeated the upward trend line, which was latter re-tested by rejecting from the bottom. Subsequent declines reached and once again tested the lower channel limit, where a demand reaction re-emerged.

EURNZD Daily

As a result of the increases that have been going on since that time, the price reached the area of technical resistance 1.7020. Considering that this zone is in the vicinity of 50% of the Fibonacci correction from the entire previous bearish movement, we would expect a supply reaction.

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EURUSD H4

If this resistance is rejected, declines may appear in the near future.
If that were the case, we could expect to re-test the area around 1.68, which gives about 170 pips move.

EURNZD H1

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