Eurnzddaily
EURNZD Weekly Forecast 24th September To 28th SeptemberMidterm forecast:
1.7480 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:
The RSI bounced from the resistance #1 at 80 and it prevented price from more gains.
The RSI uptrend #2 is broken, so the probability of beginning of downtrend is increased.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 51.
EUR/NZD - 300 Pips ShortA potential big drop is currently imminent on EUR/NZD.
*Important: To enter this move, wait for the breakout of 1.77 and the resistence under it. If it does not break this level, then this trade is invalid.
Once broken and the resistence found underneath it, it can go anywere near 1.74
Trade safe.
EURNZD Sell SetupEUR/NZD testing the downtrend line and seems like the upside is limited and a possible correction is setting up. Short term momentum indicators support the view as well. If it forms a linear compression here, i'd recommend to look for sell setups for a target to 1.7100 or so.
Happy Trading.
Short EURNZD Longterm Based On Bearish Gartley FormationGartley pattern completed D Leg on Thursday 3th of August and has since moved down about 120pips of the potential 400+
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
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EUR/NZD Long opportunityHi Seildev here,
I'll be closely monitoring EUR/NZD over the next 48 hours.If daily close above 1.54000 then look for buy
- Nice doji candle formed last Friday 23rd/June
- Resistance channel working as support since Jul-16
- 1.54000 Psychological level and acted as resistance to the most recent structure
- Fib at 50% from low 8th/Feb to High 19th/May
- RSI low 30's
Target 1 @ 1.56413
Target 2 @ 1.58723
Safe trading