EUR-NZD
EURNZD looking up 🦐EURNZD created a double bottom over a weekly support.
The price from the last impulse retreated at the 0.382 Fibonacci level.
According to Plancton's strategy, if the conditions will be satisfied, we can set a nice long order.
-–––
Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
EURNZD Buy a break setup.EURNZD - Intraday - We look to Buy a break of 1.6791 (stop at 1.6756)
Daily pivot is at 1.6660.
Dips continue to attract buyers.
The RSI is trending higher.
Short term indicators have turned positive.
We look for gains to be extended today.
Our profit targets will be 1.6898 and 1.6948
Resistance: 1.6800 / 1.6850 / 1.6900
Support: 1.6730 / 1.6700 / 1.6670
EURNZD SHORT ACTIVE!I've currently just entered a sell on EURNZD. This is a personnel trade and is being used as a testimonial on a new trading strategy that im currently working on. im excited to see the result here and will keep you guys updated as we go into the evening.
the trade details were as follows:
ENTRY @ 1.68027
SL @ 1.68746 (44 PIPS)
TP @ LEFT OPEN
💡 Don't miss the great buy opportunity in EURNZDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.676). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURNZD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 60.
Take Profits:
TP1= @ 1.6835
TP2= @ 1.6885
TP3= @ 1.6950
TP4= @ 1.7040
TP5= @ 1.7120
SL= Break below S2
❤️ 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 trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
💡 Don't miss the great buy opportunity in EURNZDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.676). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURNZD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 60.
Take Profits:
TP1= @ 1.6835
TP2= @ 1.6885
TP3= @ 1.6950
TP4= @ 1.7040
TP5= @ 1.7120
SL= Break below S2
❤️ 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 trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
EURNZD LONGEUR/NZD currently retesting our resistance zone and hopefully will continue in a bullish momentum.
ENTRY @ 1.67263 (OR UNDER)
SL @ 1.66800 (40 PIPS)
TP @ 1.67800 (60 PIPS)
TP2 @ 1.68200 (100 PIPS)
If you're interested in knowing our other daily trade ideas, analysis and entry points then message us directly for access.
EURNZD - 08-12 Feb 21 Week Trade Plan EURNZD
Previous Month : Bearish
Previous Week : Bearish
Daily : Slightly Bullish
- EURNZD finally broken the range and closed below 1.6780 reaching 1.6720 and barely 1.6620, meaning we are in a very solid bearish momentum.
- The COT report showing that NZD sellers are picking up for the first time since the start of 2021 but still not a confirmation that buyers are out yet. I anticipate that this could be the spike that EN does with each new low created.
- Seasonality is not correlated with the current PA as NZD strengthen during Feb and created a pick now while Seasonality is showing ranging and a bit of weakness for NZD. I'll wait for this week to clarify a bit to confirm.
- So with Current solid bearish momentum, COT and Seasonality; I'd expect EURNZD to continue the bearish momentum and any spike will be treated as a good opportunity for shorts until a solid formation above 1.7020 level.
- Through trading several Months EURNZD, I prefer to see retracements to any move in order to have a range to trade to target created. So i recommend to Short after retracement or break and Resistance formation below broken Support and vise versa for Longs.
- We have important news for NZD on Tuesday and Friday for Inflation and Business PMI also some news from China on Wednesday which also effects NZD.
Daily Chart :
Weekly Chart :
EUR/NZD on the way down?OANDA:EURNZD
Price seems to have come back up to the broken support from last week around 1.6780 and rejected off it confirming continued sells. If price can stay below 1.6710 area I see this pair going back down to the recent low(1.6650) and possibly down to touch the weekly zone at 1.6590.
EURNZD Buy a break setup.EURNZD - Intraday - We look to Buy a break of 1.6732 (stop at 1.6697)
Daily pivot is at 1.6660.
Dips continue to attract buyers.
Selling posted in Asia.
This has resulted in signals for sentiment being at oversold extremes and we look for a move to the upside.
A higher correction is expected.
Price action looks to be forming a bottom.
Our profit targets will be 1.6847 and 1.6898
Resistance: 1.6700 / 1.6760 / 1.6800
Support: 1.6670 / 1.6620 / 1.6600
EURNZD for new recent lows? 🦐EURNZD after breaking below the support at the 1.68200 area is now looking to consolidate over a structure.
According to Plancton's strategy, if the conditions will be satisfied, we can set a nice short order.
-–––
Follow the Shrimp
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
EURNZD Buy a break setup.EURNZD - Intraday - We look to Buy a break of 1.6707 (stop at 1.6683)
Daily pivot is at 1.6660.
Dips continue to attract buyers.
Selling posted in Asia.
This has resulted in signals for sentiment being at oversold extremes and we look for a move to the upside.
A higher correction is expected.
Price action looks to be forming a bottom.
Our profit targets will be 1.6823 and 1.6898
Resistance: 1.6700 / 1.6760 / 1.6800
Support: 1.6670 / 1.6620 / 1.6600
Bullish weaknessPrice filled the ineficiency from March 2019 but we did not see any significant reaction at the point of origin of that move. Price reamains below the 2020 close.
Price is likely to keep dropping to ca yearly L1 - the next point of origin from July 19. 8 EMA weekly will acts as dynamic resistance in this move.
Its is also carry trade as NZD is with higher interest rates vs EUR.
For any bullish setups price needs to break above 2020 close and above 8 ema weekly.
FOR EDUCATIONAL PURPOSES.
EURNZD: BUYAfter some thorough technical analysis on higher timeframes with EURNZD, we feel there is a great BUY opportunity once market opens for this new week.
Price closed at 1.68892 on Friday, January 29th which is right inside a BUY zone for that last week of last month and now into this new week.
If you choose to take our BUY signal, make sure to enter around 1.68780 and set your Take Profit (TP) at 1.69565 and up to 1.69830 . Also, be sure to manage your risk with a proper Stop Loss (SL), ours is set at 1.68539 .
EURNZD - 1 - 5 Feb 21 Week Trade Plan FX:EURNZD
Previous Month : Bearish
Previous Week : Bearish
Daily : Slightly Bullish
- EURNZD since 5Jan still ranging between 6980 / 6840 after a long term bearish trend since the top created on March 2020.
- The COT report still showing that 68% of institutional positions are Long NZD which is a bit less than last week, but still at it's highest levels since 3 years compared to 32% Short positions. This is translated on the chart with EURNZD sustaining it's bearish trend and we are seeing support levels broken every week.
- Seasonality showing that NZD should be ranging during Feb after reaching the top during Jan by reaching 6770 sup and slightly to the weak side.
- So with Current Range, COT and Seasonality; i'd expect EURNZD to be ranging and slightly moving up if we formed Support above 6980.
- Through trading several Months EURNZD, I prefer to see retracements to any move in order to have a range to trade to target created. So i recommend to Short after retracement or break and Resistance formation below broken Support and vise versa for Longs.
- We have important news for NZD on Wednesday for Employment and historical data shows 200 pip range on this news.
EURNZD looking up 🦐EURNZD on the 4h chart after a double bottom attempt to break below in a false breakout.
The price from there took the liquidity and starts a new impulse to the upside.
According to Plancton's strategy, if the conditions will be satisfied, we can set a nice long order.
-–––
Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
💡 Don't miss the great buy opportunity in EURNZDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.681). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURNZD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 60.
Take Profits:
TP1= @ 1.6975
TP2= @ 1.7068
TP3= @ 1.7218
TP4= @ 1.7345
TP5= @ 1.7475
SL= Break below S2
❤️ 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 trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️