EUR-NZD
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.
if you enjoyed my idea like it and push follow button.
EURNZD Price broke through support will it retest?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 Potential Short OpportunityHello traders, the price has broken the support and is currently out of the range. We expect a pullback back to the zone. There would be a great entry. Follow MF_Forex for more analysis.
EURNZD: Classic Double Bottom Trade Explained
hey guys,
long trade went active this morning on EURNZD.
reasons:
the pair has reached a strong daily/4h structure.
based on that the market has stoped and formed a double bottom formation on a lower timeframe.
then after a confirmed bullish breakout of a minor structure, I went long on 382 retest of a minor bullish leg.
now I anticipate a bullish continuation.
with stop lying below the bottoms, the position is protected.
targets are based on hourly structure.
EUR/NZD to break Resistance.The EUR/NZD has been fluctuating the last half of the month testing the wedge lines. The latter has been reliable , though the recent bounce can break the Resistance line and the price can form the Wedge Reversal pattern.
EURNZDTF: 8 Hr
Interesting structure and price action. If price can break above the resistance blue zone then I think we can see some more upside to possibly 1.82ish
Potential EURNZD LongThis is a nice potential long position to enter if you missed the point of reversal in the demand zone below. The entry area in question is the zone marked at the previous area of support.
It has already been tested by the current wick and held up displaying the fact that it remains strong. Personally, I'm placing a buy limit there.
EURNZD. Will the euro continue to grow?Hello dear subscribers!
The price of Euro will rise to its target.
A key level will help the price rise.
Good luck to you!
If you liked this idea, please like and subscribe to my profile.
This idea does not provide the financial advice.
EURNZD | Long- Don't be afraid to follow me, and hit the like button -
Looking at this mornings strength index and the weakness of the AUD. I would be looking to place a long trade in this market.
European session should break this consolidation
Is there upside for the EUR/USD?The European Commission wants to borrow €750B to help European Nations less capitalized.
This is on the back Germany and France’s proposal for a €500B fund intended to be given as grants to poorer nations such as Italy and Spain. Financial times estimate that Italy could be in line to get close to €82B The extra €250B was suggested by the European Commission in order to fund loans to member states. This tested a critical 1.099 resistance level as bulls rode the rally up on the good news.
How is the European Union going to pay for the grants?
European Commission President Ursula von der Leyen is proposing a myriad of taxes to pay for this fund. These taxes include a tax on plastic, carbon usage and big tech, raising billions of euros a year.
What is the long-term view on the EUR/UISD?
As many countries, Europe is being propped up with billions of dollars of quantitative easing. Historically, quantitative easing has put pressure to the downside for the currencies the central banks directly deal with. However, if all the central banks are implementing unprecedented quantitative easing measures, what will dictate the which currency outperforms?
It is highly likely that the currencies that outperform are those whose governments lead and excel in their long term actions with regards to the Coronavirus. If we take a look at the reutrns of some currencies against the USD
We can see that debatably, the currencies that have had the largest returned implemented effective Coronavirus policies. The risk off rally giving the USD its initial boost have mostly disappeared as risk on sentiment starts in the markets. It is obvious that there are more factors in play, however it is interesting to note the comparison.
Are you bullish on the Euro?
EUR/NZD to fall!After the sharp downturn the price for EUR/NZD has been fluctuating. The Support zone survived the last trend and tested the Resistance zone twice after that.Though the latter seems to be less reliable , according to MAs we are expecting the price to fall.
