EUR/NZD BUYERS WILL DOMINATE THE MARKET|LONG
Hello,Friends!
We are targeting the 1.764 level area with our long trade on EUR/NZD which is based on the fact that the pair is oversold on the BB band scale and is also approaching a support line below thus going us a good entry option.
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EURNZD-LONG
EUR/NZD BULLS WILL DOMINATE THE MARKET|LONG
Hello,Friends!
We are now examining the EUR/NZD pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 1.799 level.
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EURNZD - Looking For Buy Setups ↗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
EURNZD has been overall bullish trading inside the rising wedge pattern in red and it is currently approaching the lower bound / red trendline.
Moreover, the zone 1.77 is a strong support.
🏹 So the highlighted red circle is a strong area to look for trend-following buy setups as it is the intersection of the green support and lower red trendline acting as a non-horizontal support.
As per my trading style:
As EURNZD approaches the lower red circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
EURNZD Will Go Up From Support! Long!
Take a look at our analysis for EURNZD.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 1.814.
Considering the today's price action, probabilities will be high to see a movement to 1.832.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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EURNZD Is Going Up! Long!
Please, check our technical outlook for EURNZD.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 1.817.
The above observations make me that the market will inevitably achieve 1.825 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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EUR/NZD LONG FROM SUPPORT
Hello,Friends!
EUR/NZD is making a bearish pullback on the 5H TF and is nearing the support line below while we are generally bullish biased on the pair due to our previous 1W candle analysis, thus making a trend-following long a good option for us with the target being the 1.833 level.
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EURNZD Will Move Higher! Buy!
Take a look at our analysis for EURNZD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 1.758.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.765 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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EUR-NZD Local Long From Support! Buy!
Hello,Traders!
EUR-NZD has retested the
Horizontal support level of
1.7522 and we are already
Seeing a bullish rebound so
I think that we will see a
Retest of the target at 1.7631
Buy!
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Check out other forecasts below too!
EUR/NZD BUYERS WILL DOMINATE THE MARKET|LONG
Hello,Friends!
The BB lower band is nearby so EUR-NZD is in the oversold territory. Thus, despite the downtrend on the 1W timeframe I think that we will see a bullish reaction from the support line below and a move up towards the target at around 1.754.
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EUR/NZD BEST PLACE TO BUY FROM|LONG
Hello,Friends!
We are targeting the 1.740 level area with our long trade on EUR/NZD which is based on the fact that the pair is oversold on the BB band scale and is also approaching a support line below thus going us a good entry option.
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EUR/NZD SENDS CLEAR BULLISH SIGNALS|LONG
Hello,Friends!
Previous week’s red candle means that for us the EUR/NZD pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 1.784.
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EURNZD Will Grow! Buy!
Take a look at our analysis for EURNZD.
Time Frame: 3h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 1.791.
The above observations make me that the market will inevitably achieve 1.807 level.
P.S
We determine overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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EUR/NZD BULLS WILL DOMINATE THE MARKET|LONG
Hello,Friends!
EUR/NZD is making a bearish pullback on the 2H TF and is nearing the support line below while we are generally bullish biased on the pair due to our previous 1W candle analysis, thus making a trend-following long a good option for us with the target being the 1.768 level.
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EURCAD I It will rise from support Welcome back! Let me know your thoughts in the comments!
**EURCAD - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Thanks for your continued support!
Brian & Kenya Horton, BK Forex Academy
EURNZD Will Move Higher! Long!
Hello,Friends!
Indecision in the market is changing
Towards a clear bullish sentiment
And the price action on the lower timeframes
Is clearly supporting this narratve
Therefore, I think it is a good idea to go long!
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EURNZD Pullback and Move Up to ResistanceWelcome back! Let me know your thoughts in the comments!
**EURNZD - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
Brian & Kenya Horton, BK Forex Academy