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EURNZD-BUY

EURNZD Fundamental Analysis – October 14th 2019Here are the key factors to keep in mind today for Euro trades: German Wholesale Price Index: The German Wholesale Price Index for September decreased by 0.4% monthly and by 1.9% annualized. Forex traders can compare this to the German Wholesale Price Index for August which decreased by 0.8% monthly and by 1.1% annualized. Eurozone Industrial Production: Eurozone Industrial Production for August is predicted to increase by 0.3% monthly and to decrease by 2.5% annualized. Forex traders can compare this to Eurozone Industrial Production for July which decreased by 0.4% monthly and by 2.0% annualized. Here are the key factors to keep in mind today for New Zealand Dollar trades: New Zealand Performance of Services Index: The New Zealand Performance of Services Index for September was reported at 54.4. Forex traders can compare this to the New Zealand Performance of Services Index for August which was reported at 54.6. Chinese Trade Balance: The Chinese Trade Balance for September was reported at $39.65B. Economists predicted a figure of $34.75B. Forex traders can compare this to the Chinese Trade Balance for August which was reported at $34.83B. Exports for September decreased by 3.2% annualized and Imports decreased by 8.5% annualized. Economists predicted a decrease of 2.8% and a decrease of 6.0%. Forex traders can compare this to Exports for August which decreased by 1.0% annualized and to Imports which decreased by 5.6% annualized. Chinese New Yuan Loans: Chinese New Yuan Loans for September are predicted at CNY1,360.0B. Forex traders can compare this to Chinese New Yuan Loans for August which were reported at CNY1,210.0B. Chinese Aggregate Financing: Chinese Aggregate Financing for September are predicted at CNY1,900.0B. Forex traders can compare this to Chinese Aggregate Financing for August which was reported at CNY1,980.0B. Should price action for the EURNZD remain inside the or breakdown below the 1.7455 to 1.7545 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Short Position Entry Level: Short Position @ 1.7500 Take Profit Zone: 1.7000 – 1.7100 Stop Loss Level: 1.7615 Should price action for the EURNZD breakout above 1.7545 the following trade set-up is recommended: Timeframe: D1 Recommendation: Long Position Entry Level: Long Position @ 1.7615 Take Profit Zone: 1.7730 – 1.7810 Stop Loss Level: 1.7545 Open your PaxForex Trading Account now and add this currency pair to your forex portfolio. Forex trading for beginners often poses a tremendous challenge, take a look how PaxForex ensures that you are on the right track from your first trade! WHY TRADE WITH PAXFOREX? We are one of the fastest growing Forex Brokers in the Market. Trade with PaxForex to get the full Forex Trading experience which is based on... The Reliability on all Assets in the Market Trusted Worldwide for over a Decade Live Multi-Lingual Online Support 24/5
by PaxForex
THE EURO AND KIWI TRIANGLE BREAKOUT!EURNZD has been travelling in a triangle to the downside. We entered into a long position after we saw some confirmations of trend reversal on lower time frames ,our target for the long position (RETEST) is the 0.618 of the large previous downwards impulse move. This is where we have short positions locked and loaded. we hope you enjoy some profits from this trade opportunity... Our first target is the previous support area where the sl is of the current long trade and ur second target is the -1.27 extension of the whole impulse move, marked above on the chart.
Short
by UnknownUnicorn2396129
EURNZD - LONG AREA1Hello guys, I hope you enjoy your holiday time! So here is an full chart of EURNZD. Currently I am short on this pair, but I am already looking for the uptrend continuation level. The secondary channel been broken and re-test so the downtrend on shorter timeframe is confirm. Overall the trend remain uptrend. I was looking for the exact level where to buy so I did a mix of supply and demand, broken level and harmonic pattern. I found that specific level between 1.62400 and 1.63600. I will be buying right after the AB=CD pattern completation that is exactly on the MAIN CHANNEL structure! Thank you for watching, PC
Long
by jolicoeur342
EURNZD Double ScenarioH1 - Double wave down, if the price breaks above the downtrend line then we can look for buys. We also have bullish divergence. M15 - Bearish hidden divergence, critical zone formed with downtrend line, resistance zone, 61.8 and 100 fibo level. We may expect confirmations in the form of price respecting alternative trend line and breaking below the uptrend line. Once the price reaches this critical zone we can expect a reversal to happen from here.
Short
by VladimirRibakov
possible buy opportunity on eurnzdmarket seems to have began its uptrend and is retracing back to previous structure which used to be resistances. Hopefully previous resistances becomes support when pulling back in and provides buying opportunities.Within the blue box I will be looking for buying opportunities such as higher high higher close or if more conservative a double bottom. TP comes in around 1.60000 and stops will be around 1.58348. I will cut half position and will trail stops until 1.62000 if we make it there. :)
Long
by brww03