EURNZD is facing big resistance. Last time we saw a price above the current zone was is Sep 17, 2019.
I do see this pair breaking above this point, but it's gotta retest first.
PS: this is not financial advice.
My analysis shows that Target 1 was initially reached. I still believe that there's still momentum for this pair to reach target 2 shown as "TG 2"
PS: This is not financial advice.
EURNZD made a big rally past months and past week it made a good drop as well but there is a good chance it's just a correction of the rally. Past week it made a nice bounce up, giving potential for more upwards movement. So if we see the right shoulder take form, it could be a nice play.
Previous analysis:
Looks like a basic inverse H&S here. Could be just a correctional move up before continue to drop again. But i think it might the start of some more upwards movement. Already trying to break up, it should not drop below the right shoulders anymore. If we do continue to move up a bit, than the neckline should not break anymore. With higher time frame H&S there can...
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I still have my mid-term bullish glasses on for this asset. Could be we have reached a low again at the current price. It looks like buyers are attempting to turn it up already, but not there yet. Looks like a legit channel, the range between the green and red. So we should see follow through if either one breaks. If the one at the low breaks, i would keep an eye...
Daily reversal candle in combo with a bullish wedge, seems to be a good ingredients to try a long here. I am going to wait a bit to see a bull flag form before getting into this one.
NZDUSD is approaching our first resistance at 0.6881 (76.4% Fibonacci retracement, 61.8% Fibonacci extension, horizontal swing high resistance) where we might see a drop in price to our first support at 0.6611 (61.8% Fibonacci retracement , 61.8% Fibonacci extension, horizontal overlap support ).
Stochastic (55,5,3) is also approaching resistance and we might...
EUR/NZD: Trade SELL Setup
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Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
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NZDEUR is currently approaching resistance at 0.5850 a critical price point which might determine the short to medium term price direction.
A break above 0.5850 could see prices continue to its next target at around 0.5890 If unsuccessful then we might have an opportunity to take a short position with a target price around 0.5805
