EUR-NZD
EURNZD Long Setup & AnalysisWhen we compare last week’s EUR and NZD COT Report, we can see that the EUR is dominating once again with its long contract positions. This week we saw another huge increase and for the near future we can expect the EUR to hold its strong upward momentum. This may lead the EUR/NZD pair to reach the psychological 2.0000 mark.
For more than 3 years now, price keeps respecting our weekly bottom trendline. It was broken twice, but demand pressure came not long after. This on the other hand lead to multiple attempts to reach the monthly supply zones near 1.80000 and 1.90000. The COVID-19 Pandemic pushed priced over the 1.90000 and it almost reached the 2.0000, but a rejection came right away, and we didn’t see a weekly close above 1.90000.
A few weeks ago, price reached the bottom trendline and it received support once again. From a technical and COT perspective, we have 1 possible scenario:
1. Price moving towards the 1.90000 area, where it aligns perfectly with the 0.618 Fibonacci level of the previous down wave. If we see a strong break above it, a move towards 2.00000 may take place. While price moves towards
the weekly critical zone, a couple of small corrections may happen.
Happy Trading!
Don't miss the great buy opportunity in EURNZDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.735). 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 64.
Take Profits:
TP1= @ 1.7550
TP2= @ 1.7650
TP3= @ 1.7960
TP4= @ 1.8265
TP5= @ 1.8605
SL= Break below S2
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EUR/NZD Bullish View by ThinkingAntsOk🔸 4H CHART EXPLANATION:
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🔸Pricebounced at the Daily Support Zone.
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🔸It has broken the Descending Trendline.
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🔸It has broken the Resistance Zone, so, we are waiting for a corrective move to consider long positions here.
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🔸 Will look for a lower timeframe bullish setup.
EUR/NZD Mid-Term Analysis by ThinkingAntsOk🔸 DAILY CHART EXPLANATION:
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🔸Price is moving on an Ascending Channel.
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🔸It has broken the Descending Trendline.
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🔸Right now it is facing the Resistance Zone. If it is broken to the upside, then the bullish scenario will be active.
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🔸 Will look for a lower timeframe bullish setup.
🔸 4H CHART ANALYSIS:
EURNZD Price has bounced in our bearish zone This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Let’s make some money together!
EURNZD Price is testing our bearish zone! This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Let’s make some money together!
EURNZD ANALYSISEURNZD rebounded from supply zone at level 1.7488 with bearish movement
Pair broke uptrendline
Below SMA 100
MACD shows start of bearish momentum
RSI is in downtrend
It's expected for coming correction to target first key level at 1.7236
then finally target demand zone at level 1.7165
EURNZD Buy Update +800 Opportunity - Week 3Week 3 update: Currently up 5% from EURNZD trade, up another 5% from EURAUD (see my other idea).
We now have a strong bull candlestick closed on the daily, another confirmation of upwards movement.
Indicators Recap:
1. EURNZD in upward weekly channel, support has held.
2. Stochastic RSI on weekly in buy zone.
3. Strong Bull candlestick closed on daily 07/13/2020.
Entry:
Wait on retracement on a shorter time frame 2hr or 4hr around 1.7330 area.
Next resistance level at 1.7540 for a shorter term TP level.
TP 1 and TP 2 remains the same.
Good luck trading!
Charles V
CVFX Management
Trading made simple.
EURNZD: Important Breakout & Bullish Continuation
EURNZD broke above the resistance of a symmetrical triangle formation.
now the price will most likely continue its way to 1.755 daily/4h structure resistance.
both lines of the triangle now serve as supports.
safest buying opportunities will be based on the retest of them.
Don't miss the great buy opportunity in EURNZDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.735). 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 64.
Take Profits:
TP1= @ 1.7550
TP2= @ 1.7650
TP3= @ 1.7960
TP4= @ 1.8265
TP5= @ 1.8605
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 ❤️
EUR/NZD WEEKLY OUTLOOKEUR/NZD ANALYSIS 7/12
Check out last analysis here
(I update my pairs frequently, NOT on tradingview)
EUR/NZD & EUR/AUD move in correlation
Looking for price to pullback
Idea not labeled as either LONG or SHORT
because of choppy PA
Buy setups are more favorable
TO STAY UPDATED REGARDING THIS PAIR...
🎇 ⬇ CHECK OUT BELOW ⬇ 🎇
EUR/NZD Approaching to the Target by ThinkingAntsOk🔸 WEEKLY CHART EXPLANATION:
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🔸 Price bounced at the confluence Zone between the Resistance Zone and the Ascending Trendline.
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🔸After that it broke the Support Zone (now Resistance Zone).
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🔸 Our weekly target is the Ascending trendline of the channel.
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🔸 Will look for a lower timeframe bearish setup.
🔸 DAILY CHART ANALYSIS: