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Eurnzdanalysis

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!
Long
by KlejdiCuni
15
EURCHF GOTTEN TO IT'S ALL TIME LOWAfter a long time. EURCHF finally got to the overall long time low created since price 0.9673 now price has finally started grabbing the old low liquidity created in other words orderflow or long term sellside liquidity this could be our final last sell trade on EURNZD. Based in Liquidity; after every liquidity grab we usually have banks rebalance price by going back to make price efficient One again before the overall trend continues. I'm expecting is to start a new long term buys very soon, that could last for decades. also same view on EU and some other pairs.
Long
by stefanfx12
EURNZD: Selling the resistanceEURNZD - Intraday - We look to Sell at 1.6329 (stop at 1.6366) Price action continued to range between key support & resistance (1.6130 - 1.6330) and we expect this to continue. Daily signals are bearish. Preferred trade is to sell into rallies. Expect trading to remain mixed and volatile. Our profit targets will be 1.6232 and 1.6212 Resistance: 1.6270 / 1.6300 / 1.6330 Support: 1.6230 / 1.6200 / 1.6170 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
Short
by OANDA