The EUR/NZD trend appears to be ranging between 1.81100 and 1.79800. Currently priced around 1.80400, I strongly believe that the price will once again reach the upper level of 1.81100. Buying at the current price and setting a target range around 1.80948 seems safe.
Based on my previous analysis on 18th Feb 2024. I now see that EURNZD has completed the swing and starting to move lower. I am expecting a drop for around 500 pips.
EUR/NZD is falling towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 1.7978 which is an overlap support that lies above the 61.8% Fibonacci retracement level. Stop loss is at 1.7830 which is a level that lies underneath a pullback support. Take profit is at 1.8134 which is a pullback resistance. High Risk...
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Hello,Friends! Previous week’s green candle means that for us the EUR/NZD pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 1.783. ✅LIKE AND COMMENT MY IDEAS✅
EURNZD may bounce from a key intraday support. I see a double bottom after its test and a strong bullish imbalance on an hourly time frame. Goal - 1.805 ❤️Please, support my work with like, thank you!❤️
trend strong bullish . Price bounced on a support level after a false breakout and made a breakout of a strong resistance level expecting it to keep rising and form a bearish expanding triangle . Potential target 1.821 PS never risk more than 2 % of your capital per trade
The EURNZD has been in a strong a bullish trend across higher time frames. Our approach revolves around trend continuation, prompting us to seek entry points aligned with our predefined criteria based on price action analysis. In the presented video, we meticulously assess the prevailing trend, market structure, and price behavior, deliberating a prospective...
Looking for Reversal upside as i forecast, wait and Watch price. Use lower TF for entry.
As idle cash looks to find a strong and secure yield, it is no wonder that the New Zealand Dollar has benefited from the current Euro-Zone crisis. Pairs such as the Australian Dollar and New Zealand Dollar are often viewed as a proxy for Chinese growth and thus have performed well against the Euro in recent years. Although Chinese growth may become a cause for...
The pair is trading near its recent high an entry can be taken in the confluence of head and shoulder pattern and bearish divergence.
Price is trading within a triangle. A breakout to the upside will open the way to 1.81310 while a break of the support will propel the price towards 1.79430
Market Structure Bullish on HTF Weekly Engulfing Candle Previous Weekly Structure Point Weekly and Daily AOI in the same area Weekly Rejection at AOI Previous Daily Structure Point Daily Rejection at AOI Around Psychological Level 1.80500 H4 Rejection at AOI Strong Support Level REMEMBER: Trading is a Game Of Probability : Manage Your...
A "double bottom buy stop" strategy is a trading approach based on technical analysis. It involves identifying a specific chart pattern known as a "double bottom," which consists of two consecutive troughs at approximately the same price level separated by a peak. The strategy entails placing a buy stop order above the peak that separates the two bottoms. This...
wait for zone, price not in zone? No Entry This is a setup for a long position, the analysis provides for a swing on EURNZD, wait for price to push down to the marked zone and watch out for candlestick rejections in the zone, then hop on the trend.... Happy Pippin'
"Our ironclad departure plan: activating the 1R break-even function, initiating the 2R trailing stop, all executed through our in-house EA tool."
I'm expecting a pullback to the neckline of the 'active' local trading range top neckline. If a range forms on top of this neckline it will be a super strong BUA in phase D of the 'active' local trading range. Ideally you would see a separate 'active' trading range which would be the BUA and ideally this would be a re-accumulation active trading range as opposed...
The 4 hour chart demonstrate how clear the "market conditions" are in that I am trading inside of a re-accumulation local / greater trading range at the area of a spring which has formed an accumulation active trading range. This chart demonstrates how clearly a spring and re-accumulation can be observed.