EURNZD ShortPrice broke a long holding support level and is showing signs of indecision and isn't just pushing up from the level like before. Going to target the next support level with a 1-3RR.
Eurnzdforecast
Just Went Short On EURNZDPrice is failing to continue bullish with multiple wick rejections and just formed an inverted hammer on the 1 hr so I am looking for it to drop to the previous support. 1-3RR and will move SL to break even once its 20 pips in profit .
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 / BUY IDEAAnother breakout from resistance, I believe this is heading to the above resistance level but will retest the trend line
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.
EURNZD Short Trade PlanHello traders, here is the trade plan for EURNZD. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
EURNZD Breakout Setup Bull flag and already breakout done looks good while holding support .
Taking this setup
12 hour has really bad ichimoku resistance need to close above first
But waiting for market to open not adding order wait for market to warm
Long : 1.7427 at this good only for risk taker only
Opinion : EURNZD : 1h : Technical Analysis : BUYOpinion : EURNZD : 1h : Technical Analysis : BUY
Looks to be back in bullish momentum.
EURNZD - STILL BULLISHPrice was rejected from a key level, I see price coming down for a retest of support and potentially breaking it before shooting off to the upside
EURNZD - RETEST AND BULL!!Look at previous price action around this level, it retested the grey area several times before shooting off
Wait for price to hit the grey area and show a strong bullish move before buying!
EURNZD - WAIT FOR PULLBACK / BUY IDEAWe can see that this finally broke out and is now going to retrace, I am waiting for price to respect one of the Fibo levels before I place a buy to the top!
This can be sold from this level and im going to guestimate TP will be around the 50.0 level
EURNZD LONGThis pair has a bullish bias on all time frames. I’ve been watching this pair since last week. Slightly annoyed I didn’t get a better entry But we move
Happy Monday !
EURNZD Bearish Channel 4HThe pair is in a well identified downtrend. Chances are high that it will return to the bottom of the bearish channel, where it would be an excellent opportunity to take profit and close bearish positions for this time frame.
Remember to be prudent in your strategies correctly placing the stop loss to protect bigger losses.
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EURNZD - BUY REVERSALWe are in an area where price has reversed before, we are looking for buys in this area
EURNZD - BUY
SL - 1.69570
TP - 1.75211
