Correction may be complete, price retested key daily trendline as new support, & on the H4 rebounded with a doji candlestick leading with a bullish engulfing showing a shift of momentum. Will watch for an uptrend continuation now ..
Please excuse my poor drawings - it ain't easy ! EURNZD -0.40% has displayed some textbook trading opportunities using simple trendlines . From 1.6580 we had a fantastic bullish run, with buyers entering the market on the trendline . The market stalled at 1.7369 and we formed a descending wedge - again buyers and sellers used the trendlines to execute their...
Please excuse my poor drawings - it ain't easy ! EURNZD has displayed some textbook trading opportunities using simple trendlines. From 1.6580 we had a fantastic bullish run, with buyers entering the market on the trendline. The market stalled at 1.7369 and we formed a descending wedge - again buyers and sellers used the trendlines to execute their...
The EUR/NZD currency pair reached 2017/2018 high at the 1.7806 mark during Tuesday's morning hours. As apparent on the chart, the pair has been trading in ascendig channel since the end of August. Currently, the exchange rate is trading near the uppper boundary of given channel. Technical indicators on the 4H and 1W time-frames are in favor of the bullish...
The triangle can be processed if the lower part is broken by a high volume candle or if it is tested with a medium-sized candle after breaking. Be careful because it is a counter-trend process. Don't forget, wait good candle to break it
Price broke trend line and moving in wedge pattern. If price close under wedge pattern, we can enter sell position. Otherwise price close above red area, we can enter buy position.
EURNZD is currently approaching its uptrend line. The price could go up after having tested this trend line in the next hours. My trade idea is: Buy limit EURNZD: Entry: 1.7545 SL: 1.7460 TP: 1.7650
Potential support break, after multiple rejections. Watching for some shorts for bulls to build back momentum as price is over extended & bullish momentum is slowing down on the daily timeframe.
A potential big drop is currently imminent on EUR/NZD. *Important: To enter this move, wait for the breakout of 1.77 and the resistence under it. If it does not break this level, then this trade is invalid. Once broken and the resistence found underneath it, it can go anywere near 1.74 Trade safe.
Update from previous post. I’m euro 0.09%bullish mostly because it has been one of the top-performing currencies in the past weeks, likely drawing most of the safe-haven gains away from the shaky dollar. To top it off, anticipation for an ECB hike continues to keep the shared currency supported. On the flip side, the Kiwi is on weak footing owing to the RBNZ’s...
Price has broken support and a possible short could be on the cards upon the retest of this broken support now turned resistance, among other factors.
Currency Pair: EUR.NZD Time Frame: Weekly, Daily, 4hr & 1hr Predicted Direction: Short EUR.NZD updates will be available in the comments section below. The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity.
Here is next channel and it's will be ''new'' beginning. Wait until final breakout and go to BUY. Wish you good luck and profitable day!