💡 Don't miss the great buy opportunity in EURNZDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.718). 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 above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 75.
Take Profits:
TP1= @ 1.7280
TP2= @ 1.7358
TP3= @ 1.7445
TP4= @ 1.7612
TP5= @ 1.7770
SL= Break below S2
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EUR-NZD
💡 Don't miss the great buy opportunity in EURNZDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.718). 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 above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 75.
Take Profits:
TP1= @ 1.7280
TP2= @ 1.7358
TP3= @ 1.7445
TP4= @ 1.7612
TP5= @ 1.7770
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 LONGWe broke the downtrend to the upside and head to a supply zone.. price retraced testing the previous high, touched the 50 SMA on the 1h chart and the 200 EMA on 15 min. We see that we are in a range at the moment. We should enter the trade after this area will be broken to the upside at around 1.71867, SL-1.71086(under the low of the range), TP1-1.72050, TP2-1.72570, TP3-1.73320
EURNZD: Key Level Retest & Potential Short
EURNZD is retesting a broken major daily level.
The price was nicely rejected yesterday on hourly and formed a double top pattern this morning.
1.713 is its neckline.
I am waiting for 1H candle close below that to initiate short.
Goals:
1.708
1.702
if the neckline is respected and the price sets a new higher high higher close on hourly, the setup will be invalid.
Uptrend in EURNZDFrom the beginning of the month EURNZD started an uptrend of M30.
This trend may turn into a reversal of larger periods.
So we can join it from the base of the M30 and wait for the reversal of H1 and H4.
In this way we would realize a very good profit / loss ratio.
For the M30, the initial target will be 1.7222,
Prior to this, corrections are possible that shouldn't go below the previous bottom.
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EURNZD ANALYSISEURNZD broke major downtrendline
Price is based on HVN at level 1.7008 which indicates that pair is in accumulation phase
Pair is based above support level at 1.6970
MACD shows bullish momentum
We r waiting price to exceed resistance level 1 to open long trade
It's expected to target resistance level 2 at 1.7190
EURNZD - Nov 23-27 Week trade opportunities for referenceFX:EURNZD
This is a summary of the trade opportunities during this week according to my Trade Rules:
1- Momentum
2- HTF close with momentum direction
3- 1H close below previous candle in momentum direction
4- targets for 1H recent support/resistance
Down trend in EURNZDAt EURNZD we are in a clear downward trend. The last part starts on November 13.
We are currently in consolidation and expect a resumption of the down movement.
A break below 1.6962 will confirm the continuing.
The first target we expect is 1.6828!
A break of the channel resistance and a higher peak will be the reversing signals.
If you have questions about how to trade this or another situation, contact us!
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EURNZD Sell / 3+ RR, bearish continuationWe took a short on this forex pair (EURNZD) with the idea that price action could continue the bearish momentum as it has over the last few trading sessions.
RSI is up, Price rejected the 38.2% plenty of time. The middle of the DC is around the resistance too which would indicate that the trend "should" remain bearish.
Good luck!
EURNZD - HTF Outlook will evolve for a trade plan FX:EURNZD
This is my outlook for EURNZD for next week Nov 23-27.
Putting in consideration the following:
1- HTF Solid Bearish Momentum
2- Weekly tested Solid support zone
3- Daily Bearish Close
4- 4H Bearish momentum
5- 1H Potential Bullish momentum
Also a reference note:
Historical Points on EURNZD
- It intends by end of Nov to slow down in trend to reverse in Dec.
- So if we just reached a support or at least this week another low, i expect it to reverse in Dec