EURNZD UPDATE 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!
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EUR-NZD
EURNZD ANALYSISEURNZD rebounded from strong daily demand zone at level 1.7190 which corresponds to 161.8% Fibonacci extension
MACD shows bullish momentum
RSI is above level 50
It's expected for the continuation of bullish movement to target first HVN at 1.7473
then finally target key level at 1.7655
EUR/NZD LONG POTENTIALEUR/NZD ANALYSIS
7/5
Check out last analysis regarding this pair here
(I update my pairs frequently, NOT on tradingview)
EUR/NZD & EUR/AUD move in correlation
Check out my EUR/AUD analysis below
We have seen price break below old resistance
carried it's way to older support which is a crucial area to watch
If we break the current level we can go lower
TO STAY UPDATED REGARDING THIS PAIR...
🎇 ⬇ CHECK OUT BELOW ⬇ 🎇
EURNZD | DAILY SESSION | SHORTLooking for a continuation of this downtrend. Wait for the break of the 0.786 fib level.
Big Picture View
Strong: NZD
Weak: EUR
This trade is valid until 03/07/2020 @ 4 pm BST.
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EUR/NZD Bearish view by ThinkingAntsOk🔸 4H CHART EXPLANATION:
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🔸 Price is on a downtrend.
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🔸 It has broken the Descending Trendline, however, the bullish strenght was not enough to break the Resistance Zone.
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🔸 Instead, the structure has been broken to the downside.
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🔸 Will look for a lower timeframe setup.
🔸DAILY CHART ANALYSIS:
EURNZD ANALYSISEURNZD broke major downtrendline
Price is based above HVN at level 1.7471 which indicates that pair is in accumulation phase
Above SMA 100
MACD shows weakness in bearish momentum
RSI is above key level
we r waiting price to exceed next resistance level at 1.7582 to open long trade
It's expected for coming bullish wave (c) to target key level at 1.7980
EUR/NZD LONG POTENTIALEUR/NZD ANALYSIS 6/28
Here is my last analysis that was updated here
(I update my pairs frequently, NOT on tradingview)
Now looking for price to pullback anywhere in the region below
before considering a long position
Price is currently in a correction
EUR/NZD & EUR/AUD Move in correlation :)
TO STAY UPDATED REGARDING THIS PAIR...
🎇 ⬇ CHECK OUT BELOW ⬇ 🎇
EURNZD - Buying a corrective dip to the 78.6% retracement EURNZD is Bullish - We look to Buy at 1.7295
▪️ Positive overnight flows lead to an expectation of a firm open this morning.
▪️ Bespoke support is located at 1.7295.
▪️ A bullish reverse Head and Shoulders is forming.
▪️ We have a 78.6% Fibonacci pullback level of 1.7295 from 1.7190 to 1.7653.
▪️ Further upside is expected although we prefer to set longs at our bespoke support levels at 1.7370, resulting in improved risk/reward.
Stop: 1.7235
Target1: 1.7535
Target2: 1.7650
Rise in EURNZD?Rise in EURNZD?
Hello, after our EURUSD analysis was performed very well yesterday and we saw a rise in the euro,
today we are looking for another opportunity to rise. This time with to NZD !!!
We see a downward trend of H1, which seems to be correction and in case of a breakthrough we will look for buy orders.
Resistance levels:
1.7595
1.7675
1.7774
Potential EURNZD LONG oppurtunity! Watch price action closely. Hi traders,
As we speak there is a potential LONG trade going on for EURNZD.
It would be good if we could brake the daily zone a bit before we can really take a short-term entry for a LONG position.
will keep you updated!
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