EUR NZD BUY (EURO - NEW ZEALAND DOLLAR)Hi there. Price is forming a continuation pattern to the upside. Wait for the price to complete the pattern and watch strong price action for buy.
EUR-NZD
EURNZD ANALYSISEURNZD is forming inverted head and shoulder pattern
Price is based on HVN at level 1.7507 which indicates that pair is in accumulation phase
MACD shows bullish momentum
RSI is above key level
we r waiting price to break downtrendline and neckline to open long position
It's expected to target first resistance level at 1.7975
then finally target supply zone at level 1.8265
Can the EURNZD confirm the bullish trend ?After the pair breached the bottom at 1.7590, the pair took a corrective move. If any new breach of the level of 1.7668 it is an opportunity to buy and with a target of 1.8134 .
EURNZD - SHORTAnother great opportunity to short. Wait for price to drop and then pullback to the grey zone
Downtrend to continueI ve been posting this earlier...I expect price to drop 476 pips. It should end at the yearly pivot eventually from where it ll decide where it likes to trend next.
But I would target Median price first, 100 percent Fib extension of a previous leg.
Good luck
This is no financial advise
Don't miss the great buy opportunity in EURNZDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.7333). 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 50.
Take Profits:
TP1= @ 1.7577
TP2= @ 1.7755
TP3= @ 1.7980
TP4= @ 1.8295
TP5= @ 1.8629
SL= Break below S2
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Don't miss the great buy opportunity in EURNZDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.7333). 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 50.
Take Profits:
TP1= @ 1.7577
TP2= @ 1.7755
TP3= @ 1.7980
TP4= @ 1.8295
TP5= @ 1.8629
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 retracement EURNZD hitting many confluences
We will looking for a retracement to the sell area for further downside to banking level
As shown on chart
EURNZD - 2 high probability areas for SHORTWait for price to retrace and reject the 2 zones marked up on the chart
BreakdownBreakdown of long term uptrendline - downtrend start. Continuation flag.
Thin June CPR - "moving" market. Trade things that move only. Dont trade "dead" unvolatile markets. Most traders loose in congestions and ranges and gain in trends.
For educational purposes only.
long EUR/NZDDear traders eur/nzd has completed a double-button pattern and it is a bullish sign I believe it has a bigger room to go up So I prefer to long it.
wait for t touch 1.77350 then long it with a target of 1.79.
if it makes a new lower low then get out of this trade.
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