EURNZD Sell a break setup.EURNZD - Intraday - We look to Sell a break of 1.5749 (stop at 1.5783)
Daily signals are bearish.
There is no clear indication that the downward move is coming to an end.
Prices are extending lower from the bearish flag/pennant formation.
1.5755 has been pivotal.
Our profit targets will be 1.5654 and 1.5634
Resistance: 1.5800 / 1.5870 / 1.5900
Support: 1.5750 / 1.5730 / 1.5670
EUR-NZD
EUR/NZD short-term shortThe pair has a reversal potential on the downside of the market. If the retest of 1.5985 resistance level is a success, the price could take a new reverse and begin a short phase with a mark towards 1.5646 to complete the second leg of the range, and retest the lowest of the year.
Plausible Note, the pair is technically using the 200-SMA as a strong resistance zone ahead.
You might want to stay close to this pair as well.
EURNZD Sell a break of yesterday low.EURNZD - Intraday - We look to Sell a break of 1.6149 (stop at 1.6191)
A break of yesterdays low would confirm bearish momentum.
Daily signals are bearish.
There is no clear indication that the downward move
is coming to an end.
Our profit targets will be 1.6027 and 1.6007
Resistance: 1.6220 / 1.6250 / 1.6300
Support: 1.6150 / 1.6100 / 1.6030
EURNZD Supply And Demand Analysis-Downward mL Break
-Opposing pivot point supply removed
-DBR could be better if price removed the
supply/broke ML from the original imbalance.
If you don't like the DBR then you can
wait for confirmation in the RBR weekly demand
or wait for confirmation in the DBR weekly demand.
Waiting for more confirmation to long...if not..If not...likely this pair will be heading down..
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The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!
EURNZD turning bullish long-term if the 1W MA50 holdsEURNZD is about to test the 1W MA50 (blue trend-line) as a Support for the first time since the mid January bullish break-out. Based on the 2016/2017 Cycle, which the pair seems to be replicating in remarkable fashion, if this level supports, we should see a strong 6 month rally.
As this 1W chart shows, the two periods are so far pretty identical. In June - July 2017, the 1W MA50 provided Support on its first test since the market bottom and break-out at the time, and that initiated a strong rally to the 0.618 Fibonacci retracement level, before a multi-month consolidation. Based on the 1W RSI also, it appears that if the 1W MA50 holds, we can see a rise to at least 1.8200 which is the August 2020 symmetrical High.
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💡Don't miss the great sell opportunity in EURNZDTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1.7071).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURNZD is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 32.
Take Profits:
TP1= @ 1.6881
TP2= @ 1.6822
TP3= @ 1.6721
TP4= @ 1.6653
TP5= @ 1.6535
SL: Break Above R2
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💡Don't miss the great sell opportunity in EURNZDTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1.7071).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURNZD is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 32.
Take Profits:
TP1= @ 1.6881
TP2= @ 1.6822
TP3= @ 1.6721
TP4= @ 1.6653
TP5= @ 1.6535
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Long on EURNZD Counting waves here, it looks to have completed the 4th wave with an ABC correction and has now found the bottom of the white flag with a positive RSI divergence on both the 4hr and 1hr time frames.
My target is measured by the 1. fib trend line extension as well as the vague upper red trend line.
It has left the red flag which is some concern after it had been retested, however it's still above the blue resistance and creating positive RSI divergence along the way.
EUR/NZD possible bullish runEUR/NZD has come a long way towards the upside of the market, but it still got a few more laps to go before hitting a possible correction at the Daily resistance level of 0.7120-50.
An early buy could generate a few more points (80p) at least. Nevertheless, best to wait for the next 2H candles for a proper confirmation level.
Just speculating, nothing is certain in the forex market!
EURNZD to be heading for 1.71?Nice uptrend still intact with a breakup, should be looking to buy pullbacks if any.
***************************************************************************************
Hello there!
If you are keen to learn more on the technical setups,do visit my website at www.shadowingthebb.com !
If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏
And if you would like to show further support for me, you can gift me some coins on tradingview! 😁
Thank you!
Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!
EURNZD potential for pullback! | 27th Jan 2022Prices are on bullish momentum and abiding to an ascending trendline. We see the potential for a dip from our sell entry at 1.71538 inn line with 127.2% Fibonacci extension, 78.65 Fibonacci extension and 78.6% Fibonacci extension towards our Take Profit at 1.68949 in line with 23.6% Fibonacci retracement. RSI are at levels where the dips previously occurred.
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