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Eurnzdanalysis

EUR/NZD Next move IMOEUR NZD has made a bullish channel since 5 days and recently It got rejected from upper trendline. The rejected has been made in past from the same nearest point by this resistance. On long term plan we are bullish all the way. But we can take a small sell opportunity here and wait for the evidence and next possible move on next support. What are your views about eur/nzd? But this could change the trend? Note: Always Do Your Own Research & Manage Your Risk Reward Ratio (This Is not a financial advice) This is only for educational support
Short
by Kshaikh
EURNZD – looks ready to confirm a bullish trend . week of 26 AprThis pair snapped out of the downtrend about 2 months ago and made a nice move up on 23 March. As the daily chart above shows, it lost all momentum over the next couple of days and has been consolidating between 1.667 and 1.6975 since then. The bulls however still are very much in this even though their previous attempts to break out above (during 7-11 April) did not succeed. Moving on to the H4 chart, we can see the consolidation more clearly. s3.tradingview.com The overall trend is now bullish, so instead of waiting for a breakout to occur, I am looking to take a long trade at the bottom of this consolidation zone. If price does come down to the 1.667 region, it gives the possibility of a tight stop and a +4R trade. If you like my analysis please give it a “thumbs up” and follow me to get immediate notifications. As always, please use sound money and risk management in all your trades.
Long
by Trading_Vista
EURNZD, daily tf, double top with consolidation As you can see on the daily timeframe there is a double top pattern formed. Price already broken below the support with a big bearish engulfing candle. This upwards movement could be only a retracement before further drop in this pair. Price spent several weeks consolidating inside 1.6820-1.6660 area which also looks like a flag pattern to me. Sell EURNZD 1.6760 Stop loss 1.6820 Take profit 1.6400 (6R) Use only 1-2% risk Good luck
Short
by HayatoDragonFX
1