EUR/NZD broke yesterday support set by last low that formed prior to setting high and also broke the uptrend line. Bears have clearly overtook control on the market and are heading to 1.5455 support. There we can expect reaction of bulls and in case of rebound, area between 1.5627 – 1.5670 can be a resistance for this pair. In addition, 20-day SMA can provide a...
This idea stems mainly from a technical analysis on the pair. Given the EUR is still (fundamentally) relatively bullish against most other currencies, the recent down move in EURNZD could be considered as a retrace before another leg up. Technically, we are at the intersection of two trend supports and a demand zone. This pair had broken under one of the trend...
Note: My charts are usually very messy, so I've re-done it and removed a lot of unnecessary indicators etc so you get the overall idea. 1D chart shows a nice clean uptrend on the EURNZD consisting of HL and HH, 4H chart confirms the last candle closed on the EMA200 line, which is also the lower channel of the uptrend (conservative entry would be waiting for a...
Hey traders, On the EURNZD we have a potential bullish bat pattern taking shape on the hourly timeframe. Completion of this pattern is at point D. Good luck!
Hey traders, On the EURNZD 30 minute timeframe we have a potential bullish bat pattern. Completion is at point D.
EURNZD 15 minute potential bullish bat pattern
My brief Daily EUR.NZD chart analysis. I will be updating this pair on multiple timeframes to give a clearer insight into what i'm watching.
Hey guys heres an update on the previously posted setup on the same pair. That entry is already in profits and this is the second entry on the pair. Should be very quick if it gets triggered Cheers
Not live trades. Unfortunately didn't take the short trade from the 1H supply zone, but seems to be working out well. Drop-Base-Drop with two candles in the base.
More confluence signify decreasing demand
Hey how is it going guys! Been a while since i last posted, been spending time in sharpening my own skills. Heres setup that is active. Trade with care
After a through analysis, I have found out a potential shorting opportunity for EUR/NZD. We should wait for a pullback before we sell. The pattern which is actually looking like a Head & Shoulders (SHS) is actually called a "King's Crown" . A SHS is called a "King's Crown" when the left bottom is taken out by the right bottom. You can start selling @ right...