EURNZD have rallied quite sharply from past few weeks, i am expecting it to retest the highs around 1.7470 area. Since momentum is still intact with the price action so i would recommend to play long. Have a great weekend!
EURNZD looks create a good bullish flag pattern.
EURNZD has formed an impulse leg A and we are currently in the B correction which shows 3 waves at this stage. I expect a move back down to the low at 1.6715 and then a move to break out of the correction. It is possible that the correction will be a 5 wave structure but either way suggests a break to the upside. I have entered a short position down to the low...
EURNZD is in major fractal support, strong possibility of a bounce occurring. Buy above 1.6818. Stop loss at 1.6716. Take profit at 1.7094. Reason for the trading strategy (technically): Price is testing and has bounced off major support at 1.6818 (Fibonacci retracement, horizontal swiung low support, ascending support, bullish harmonic formation) and a strong...
Here I am with my vision of EUR/NZD pair. It looks like we are at critical point right now. Potential break is becoming more and more real with every price drop below the line. This is a long-term chart and hence the reversal can open the road down to 1.61 support line. On the other hand, it could be a potential bounce upward. Should we jump into/out of the trade?...
Spotted a Shorthing Divergence operating this on my demo account. Lets see how it plays off.....Happy Trading Everyone!!! Have a nice Weekend!
Hey Friends, This pair has been a cash cow for me since early march I would look to buy possibly at the next set of correction and I'd park the trade there until I get a nice 400+ pip profit.. The overall trend has reversed to a BUY with short, sweet impulses to the upside. I believe the pair could test the 1.81 highs experienced in mid 2015. I think patience...
EURNZD broke below the multi-days bullish channel, all short term momentum indicators are suggesting more to the downside, so I am looking to short it around 1.6534-63 for a target to 1.6333. Stop above 1.6629
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.
On the 4 hour time frame EURNZD has potential to bounce back up from its support level. If you want to trade this bounce back use a 60 pip SL and put your TP on 1.8380 for some good pips of profit.
EUR/NZD is currently in a consolidation zone since 1 week and the signs are more favorable for a bullish breakout. This could very well be a bullish continuation pattern. Always make your own analyse before investing as well as money manage properly. Happy trading!
Hi Seildev here, I'll be closely monitoring EUR/NZD over the next 48 hours.If daily close above 1.54000 then look for buy - Nice doji candle formed last Friday 23rd/June - Resistance channel working as support since Jul-16 - 1.54000 Psychological level and acted as resistance to the most recent structure - Fib at 50% from low 8th/Feb to High 19th/May - RSI low...
Hi guys, on EURNZD we're testing a key daily structure area (yellow box-black line) that also coincides with a psychological number (1,54). This is important for me because it tells me we could see a reversal down on a lower timeframe such as the 4H (the chart that you see): in this case, if you zoom in you can see why am i interested in this. There's a long pin...
EURNZD has been in a downward channel for a while now. Currently its very close to either reverse in a nice wave back up or a smaller correction wave up. Both scenarios can make nice pips and in the best case of a reversal we can see a possible 550 pips. Also the price is touching a nice support zone right now. Please Note however that due to the huge swings in...
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...
THIS ABCD PATTERN INDICATES EUR MAY BE REACHING SLIGHTLY LOWER TO REGAIN PRICE VALUE BEFORE ONE AGAIN ASSERTING A HIGHER PRICE ACTION RANGE. AUCTION MARKET. LIKE IF YOU AGREE ! THIS IS ALL FUGAZI, MENTAL MANAGEMENT. WE THE REAL