EURNZD broke below the multi-days bullish channel, all short term momentum indicators are suggesting more to downside-so I am looking to short it around 1.6534-63 for a target to 1.6333, stop above 1.6629
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
Gartley pattern completed D Leg on Thursday 3th of August and has since moved down about 120pips of the potential 400+ 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...
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...
Our current EURNZD short is going perfectly as expected. I would like to close the gap on the current short but there are yet a few major supports to break through and I believe a pull back to a previous major support/resistance will be necessary. Therefore, this opens up the potential to a secondary short trade to take this down further. The 1W chart shows...
Our EURNZD Long was based on trend continuation + indicators, however, we played it against a forming H&S pattern, which has now completed on the daily chart. Our Long has not stopped out so I will be keeping my Long open in case of a recovery and continue to monitor the situation. However, if my short does get triggered then I will favour the H&S and may decide...
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...
Apart from the yen, I don’t trade currency crosses very often. The price action can be choppy, and the spreads can sometimes be problematic if you aren’t careful. However, if used sparingly, a cross like the EURNZD can offer opportunities where the potential reward is well worth the risk. Last week’s move may have given us one such opportunity. Within the first...
Looking upside breakout from wedge. However keeping mind coming elections in April, which could turn euro lower. NZD could be little overpriced so correction might be possible.
EURNZD will either break the channel and continue short or it will reverse. The general trend is downwards but I have a feeling it might do a reverse and rise shortly before dropping again. It looks oversold. I'm waiting to get a confirmation before going in. Break of trendline if short, break 10EMA if long.
the 1.4720 zone looks to be a strong area of support so ill be looking to take a long up to my 200ema(blue). Both MACD and Momentum have been going bullish on 1h and creating higher lows where as market price has been staying low.
Both Momentum and market price are approaching resistance points. The entry point is also set at the 200ema which if broken would make the trade invalid.
Test and fail of the downward trend line, as well as 2nd test of 50 Fib level, indicated a valid short entry. Price breaking and closing above/below any of the trend lines would mean that this setup no longer valid. Good sell opportunity until 1.4800
Hey guys, this analysis is going to be long, but i want to explain how i view the market and i do my top down analysis. As we can see on the left, we recently broke and closed below an important structure level (blue line) and this means we are in a downtrend. Our bias now is bearsih, and we want to be involved in a short position. Nonetheless, we can't set a...