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Eurnzdforecast

EURNZD short for 250 pipsHi traders, As you can see this pair is trading within a channel for a while now which is a good thing. Recently we had nice push up and we are almost close to the upper band which also a strong resistance level. Hence I'm anticipating a trend reversal from that point and placed a sell order based on that and expected to reach short term target. I have marked the tp and sl for you as well. Please make sure to lookout for a bearish engulfing candle at least on the 1h chart at the upper resitance level before going short on this. The sl is place just above the previous high. Let me know your thoughts. Trade safe and good luck.
Short
by BannaKhan
6
EUR/NZD Long SignalGood morning Traders, we hope you all had great trading Tuesday. Lets get ready for great results also today. Our first pair today is EUR/NZD. Right now price is at key level. We can see big wick on last 1H candle and that means Bears are running out of support and most probably will not break those two Support lines shown in chart. Let us know what you think and make sure you follow us here and on twitter. On Twitter we regularly post our signals and results of it, make sure you catch them while they are hot! Good luck !
Long
by UnknownUnicorn3249870
2
THE RISE OF EURNZDGood Afternoon Traders, I hope this week was favourable to you all and you made money this week? If you didn't do not worry because next week will be favourable to you especially with this current pair (EURNZD) i'm looking forward to trading. In this Market, we can see its forming a market pattern known as "RECTANGLE" in which buyers and sellers are both stuck in consolidation, and this formed in the 4 Hour Time Frame, however it bounced off the SUPPORT ZONE, and heading towards the RESISTANCE ZONE. HOW TO TRADE Instead of Buying now, i suggest you go to the 30 minutes time frame to find setups or opportunity to buy to the resistance for about 100+ pips, and based on this analysis, my buying opportunity will be above the MIDDLE ZONE and this might take days before TAKE PROFIT is reached. If this makes sense or matches your analysis, please give it a LIKE :)
Long
by Catchingpips_