EURNZD - Looking To Buy Pullbacks In The Short TermH4 - Bullish divergence.
Downtrend line breakout.
Higher highs.
No opposite signs.
H1 - Bullish trend pattern.
Currently it looks like a pullback is happening.
Until the strong support zone holds I expect the price to move higher further after pullbacks.
EURNZD-BUY
EURNZD I Wait for break of resistance and go LONGWelcome back! Let me know your thoughts in the comments!
**EURNZD Analysis - Listen to video!
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EURNZD - Looking To Buy Pullbacks In The Short TermD1 - Price has broken above a strong resistance zone and is holding above it.
No signs of trend change.
H1 - Higher highs.
Currently it looks like a correction is happening.
Until the two key support zones hold my short term view remains bullish here.
A valid breakout above the most recent downtrend line would be the validation for this bullish view.
EURNZD LONGOriginal Analysis
Falling Wedge identified at 20-Apr-09:30 2022 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.60245 within the next 8 hours.
Support Levels
1.5947
Resistance Levels
1.6025
This does not constitute investment advice and does not have regard to the specific needs of any person who may receive it. No warranty is given as to the accuracy or completeness of the information and any person acting on it does so entirely at their own risk.
Green line is Take profit
Red line is Stop Loss
EURNZD LONGOriginal Analysis
Broke through Resistance level of 1.60593 at 21-Apr-09:00 2022 GMT
This does not constitute investment advice and does not have regard to the specific needs of any person who may receive it. No warranty is given as to the accuracy or completeness of the information and any person acting on it does so entirely at their own risk.
EURNZD H4EURNZD
In the 4-hour time frame, it hits the bottom line of the trend and is ready to climb.
If it goes according to the analysis, the first target is the red line and if it crosses it, it is predicted to the top of the channel.
The general trend of this currency pair is bullish and
This analysis fails if the canal floor is broken.
** This is just a personal analysis **
Give your comments below.
Good luck
EURNZD Short Term Buy Idea Towards Key Resistance ZoneD1 - Bearish trend pattern completed, bullish divergence.
Currently, it looks like a correction is happening.
Price still has room higher towards the key resistance zone formed by the 38.2% - 50% Fibonacci retracement zones.
H4 - The price which is moving higher has broken above a strong resistance zone.
Currently, there are no signs of a trend change.
Until the strong support zone holds I expect pullbacks and then further continuation to the upside,
EURNZD - RSI OVERSOLD - 50 PIPSBased on my analysis and theory on EURNZD, I am expecting the price will start rising as RSI is showing as oversold at this time (along with support area as you can see in the image).
Wait for a clear up trending and price action before making any entry!
About 50-60 pips up for grabs with this trade, this is short-term trading.
Trade at your own risk and know your limits!