DeGRAM | EURNZD strong resistance EURNZD moved out of the ascending channel and reached a major resistance.
The market is overbought, and if the resistance rejects price from the level, then we can look for possible short.
We anticipate a pullback or consolidation at this level.
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Eurnzdanalysis
DeGRAM | EURNZD strong resistanceEURNZD currently is testing a major resistance level, which is a psychological level as well.
If the market forms a double top with divergence or creates false breaks at the resistance level, then we can look for a selling opportunity.
We expect a pullback from the level; an alternative scenario is a consolidation at the resistance.
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EURNZD - MARKET SENTIMENT WITH TRADE IDEA #EURNZD
Currently, according to the CURRENTLY STRENGTH, EUR is becoming quite strong. The reason is that ECB RATE HIKE SENTIMENT is PRICE. Also, the NZD is getting weaker than the EUR right now.
Therefore, EURNZD can definitely go DOWN to the SUPPORT AREA of this CHANNEL before going UP again. So keep an eye on it.
If any MARKET SENTIMENT changes, EURNZD can SELL until the 1.6128 LEVEL. And before SELL, EURNZD can be BUY at 1.6914 LEVEL. So stay tuned for MARKET UPDATES. eurnzd
EURNZD Short Trade SetupA bearish opportunity recently presented itself on the euro-kiwi trading chart. This follows from the bearish harami candlestick pattern which printed just below the 1.66000 psychological level. A stop loss above the same psychological level and a profit target anywhere between your entry and the swing low of 1.58860 could give you a reward-to-risk ratio as high as 3. Be sure to size your position based on your trading account balance and apply other risk management measures before placing trades.
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Your FX Plug
FX:EURNZD
⭕SELL EURNZD at the best price and area🧨👌🔰You can see the analysis of Euro to New Zealand dollar in the four-hour time frame (EURNZD _ 4H)🔍
💥According to the black🖤 downward trend line as well as the supply zone, the best area and price to sell this currency pair is in the overlap of these two areas🧐and we can expect the price to fall to the support🧡 line❗🔻
I hope the analysis was useful for you🤍🌹
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EURNZD - MARKET SENTIMENT WITH TRADE IDEA#EURNZD
Currently, according to the CURRENTLY STRENGTH, EUR is becoming quite strong. The reason is that ECB RATE HIKE SENTIMENT is PRICE. Also, the NZD is getting weaker than the EUR right now.
Therefore, EURNZD can definitely go DOWN to the SUPPORT AREA of this CHANNEL before going UP again. So keep an eye on it.
If any MARKET SENTIMENT changes, EURNZD can SELL until the 1.6128 LEVEL. Also, EURNZD can be BUY at 1.6830 level before SELL. So stay tuned for MARKET UPDATES. eurnzd
EURNZD - MARKET SENTIMENT WITH TRADE IDEA#EURNZD
Currently, according to the CURRENTLY STRENGTH, EUR is becoming quite strong. The reason is that ECB RATE HIKE SENTIMENT is PRICE. Also, the NZD is getting weaker than the EUR right now.
Therefore, EURNZD can definitely go DOWN to the lower SUPPORT AREA before going UP again. So keep an eye on it.
If any MARKET SENTIMENT changes, EURNZD can SELL up to 1.6070 LEVEL. And after that EURNZD can be BUY at 1.6653 LEVEL. So stay tuned.
EurNzd can rise to 1.7 in medium termAfter the double bottom at 1.56 and a first leg up towards 1.7, EurNzd corrected and has made a higher low around 1.58.
Now the pair is facing resistance at 1.63 and a break here could announce a new leg up towards 1.7
I'm bullish on this pair as long as 1.6 is intact
EURNZD | An Ugly Scenario With Two Trading OptionsEURNZD | An Ugly Scenario With Two Trading Options
Since at the beginning of July EURNZD has created a very ugly structure.
The waves can be clearly seen that they created several times fake breakouts
for the bulls and the bears at the same time.
Actually, the price is testing a very strong key resistance area.
As you can see from the chart this area acted as very strong support and resistance
on the past.
If the price manages to break above 1.6335, this could be the beginning
for the next bullish wave or also a possible change in the direction of the trend.
Otherwise, the price can move down again.
I will explain this in details later.
Thank you and Good Luck!