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.
If you have questions about how to trade this or another situation, contact us!
To support us, like and comment!
EUR-NZD
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!
To support us, like and comment!
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
EUR/NZD - ShortA nice trade from today taken on EUR/NZD.
Recently price has retested the downtrend line on two occasions, rejecting both times.
I took my short at the 1.7193 level after confirmation of rejection at the trend line.
I am still in this trade, I plan to come out before the European close. However, if you are a swing trader, I believe the price could reach support at 1.60634