EurNzd- Do we have a top in place?After the double bottom at around 1.72, EurNzd has risen 1000 pips almost vertically.
A top could be in place now marked by a double Pin bar formation and some kind of tweezer top at the end of last week.
Now the pair is hovering just above 1.8 important support and a daily close under this support could lead to a deep dive to 1.76 zone.
Sell rallies is my strategy for this pair
Eurnzdforecast
EUR/NZD BUY SIGNALHey tradomaniacs,
welcome to a new free trading-setup.
Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation!
EUR/NZD: Daytrade-Preparation
Market-Buy: 1,80710
Stop-Loss: 1,80250
Target 1: 1,81130
Target 2: 1,81400
Target 3: 1,81780
Stop-Loss: 46 pips
Risk: 0,5 % - 1%
Risk-Reward: 2,40
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Irasor
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EURNZD, 2hr timeframe, sell on zone retest Hello my friends,
Another interesting setup for today is EURNZD. Price made a double top previously and go down for 110 pips since it broken through the support.
This support now turned into resistance and price currently retesting it.
EURNZD also has broken below the trend line, so I could say the short term trend is now bearish.
Sell EURNZD 1.8055
Stop loss 1.8120
Take profit 1 @1.7950
Take profit 2 @1.7880
RR ratio is 1 : 2.5
Risk only 1-2% of your equity
Move stop loss to entry once it hit TP1
Good Luck
EURNZD approaching 1.8231 resistance level!EURNZD still on bullish trend and it can be seen on the higher peak and higher trough formation that inline with trendline support as well. we have 1.8231 resistance level as an upside price rejection target to go short.
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
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GWBFX
EUR/NZD SELL SIGNAL Hey tradomaniacs,
welcome to a new free trading-setup.
Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation!
EUR/NZD: Day-Swingtrade-Preparation
Market-Sell:1,78350
Stop-Loss: 1,70320
Target 1: 1,77450
Target 2: 1,76500
Target 3: 1,75860
Stop-Loss: 81,5 pips
Risk: 0,5 % - 1%
Risk-Reward: 1,71
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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Any questions? PM me. :-)
EURNZD - BULLISH BIASEUR - BULLISH
1️⃣ Euro remained well supported by the latest optimism over a landmark agreement on the EU's €750 billion pandemic recovery fund – aimed at aiding the region’s worst-hit economies.
2️⃣ The IHS Markit Eurozone Manufacturing PMI was revised higher to 51.8 in July 2020.
3️⃣ Industrial producer prices in the Euro Area rebounded 0.7% from a month earlier in June, beating expectations of a 0.5% gain.
NZD - BEARISH
1️⃣ Market participants expect the New Zealand's Unemployment Rate in the second quarter to rise from 4.2% to 5.8% with the Employment Change declining by 2%.
2️⃣ Risk-off market sentiment expected as surging coronavirus infection rates across the US dampens investor hopes of economic recovery.
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TECHNICAL
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📊 We long this pair on RBS level + SMA50 area.
📊 EURNZD in bullish mode.
EURNZD - BULLISH BIASEUR - BULLISH
1️⃣ Euro remained well supported by the latest optimism over a landmark agreement on the EU's €750 billion pandemic recovery fund – aimed at aiding the region’s worst-hit economies.
2️⃣ The IHS Markit Eurozone Manufacturing PMI was revised higher to 51.8 in July 2020.
NZD - BEARISH
1️⃣ NZ joining the throng of countries cutting extradition ties with Hong Kong in response to China's new national security law.
2️⃣ Risk-off market sentiment expected as surging coronavirus infection rates across the US dampens investor hopes of economic recovery.
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TECHNICAL
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📊 We look to buy on RBS level + SMA50 area
📊 EURNZD in bullish zone.
eurnzd long term set uphere my expectation on EURNZD long term view, pls plan your trade than only trade ur plan, use risk management trade management and money management,
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EURNZD SHORT**ENG**
- Price rejecting nicely our reversal area, if price closes shooting star at the 2H, it would be a nice indicator of a drop in price.
**PT**
- Preço a rejeitar muito bem a nossa zona de reversal, se o preço fechar em shooting star no timeframe de 2H, será uma bom indicador de um possível movimento de queda no preço.
EURNZD, 4 hour timeframe, double top pattern in playHello my friends, i saw a nice trading setup in EURNZD pair.
A double top pattern is forming exactly on daily chart resistance trendline.
Price already broken below the neckline and currently retesting it. Price also still holding below EMA-200 in the4hr chart so it is pretty much still bearish on this pair.
Sell EURNZD 1.7360-50
stop loss 1.7435
Take profit 1 @1.7265
Take profit 2 @1.7180
good luck
EURNZD, REVERSAL ON SIGHT!**ENG**
- If price breaks bellow our demand level (black line), we would like to see a drop till the 1.7300 zone and then look for a possible reversal to the upside, with the first target being the 1.7350 zone.
**PT**
- Preço a quebrar a nossa zona de procura (linha preta), se de facto tivermos a quebra, o melhor seria aguardar por um toque na zona dos 1.7300 e aí sim procurar por um reversal para cima, o primeiro target nesse caso seria os 1.7350.