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Eurnzddaily

EURNZD Market Outlook | Alchemy FX Weekly Breakdown.EURNZD Like EA looking very bearish on the higher timeframes. Shooting star on the weekly. On the lower-time frames there’s a bit more indecision in the market. I do favor more downside movement but we could pop up and retest highs before melting to the downside. Always keep in mind before huge moves there is usually a bunch of fake outs to stop out as many traders as possible before moving in the final true direction. Patience will be key we need to see how EN reacts, as stated I do feel if we get some strong downside pressure we could see EN completely melt. To see our full market break down join our Forex Telegram Channel link in my bio!
Short
by Layne_LV
EURNZD ShortGuys in trading to get that bigger picture you have to see the monthly candle closer, and if you can see the monthly closer on EURNZD you can see that is a 3 pin bar ( Evening Star potential further upside for the coming month) If we see Weekly we can see that we have a rejection from 1.7605 ( Daily multiple rejection). If we see Daily we have a morning star confirmation, so what next? My bias for the upcoming week for EURNZD is bearish. Why entry 1.7486? because the TL was broken and you can see that it's a possible Head and Shoulder 4h , so wait to retest that TL and also to hit 50% FIB. First target: 1.7321(crucial level for the pair). Second target: 1.7219
Short
by ronizfx
EURNZD: Price Action For More Short MomentumWelcome traders, to this new trading idea! We are looking at the EURNZD pair on the daily chart right now. Last week we saw a trend reversal with a massive bearish momentum to the down side. As we look on a higher timeframe, we expect the new trend to establish and look for a potential reversal to enter this trade. A potential entry point for this short is 1.71350, where we marked the arrow. After that with a confirmation we will be entering an order. We will keep you guys updated in the comment section how the pair moves and when we enter a trade. Wishing everyone a great week and happy profits!
Short
by darian_fx
4
EURNZD approaching support, potential for a bounce! EURNZD is expected to drop to 1st support at 1.66912 where it could potentially react off and up to 1st resistance at 1.68917. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Long
by Pepperstone
1