Eurnzdforecast
EUR/NZD 15/2/2019EUR/NZD 15/2/2019
Viewpoint so far..
A Number of possible scenarios this week for this pair which I have tried to break down and leave as clean as possible. Firstly the SELL around the 1.71 area with a large cluster of confluences looming over that level. But that is my main focus for the pair this week. My personal bias is a break below this lower trendline and to get a retest in the 1.69 region (Maybe a little lower) to then take a SELL as we head Lower towards a number of BUY zones I have marked up. The most important one being around the 1.67 area which is a strong weekly EMA leading me to expect a small pullback at the least from this region.
DATA THIS WEEK
Monday
EU PMI 8:30/9:00
Tuesday
RBA Meeting minutes (AUD can Drag NZD) 00:30
Wednesday
ECB President Speech 8:30
Thursday
AUD Unemployment 00:30
Friday
N/A
CONFLUENCES I USE
FIBONACCI
TREND LINE
EMA
!!TECHNICAL ANALYSIS KEY!!
GREEN - BUY AREA/ZONE
RED- SELL AREA/ZONE
PURPLE - POINTS OF INTEREST/ AWAITING PRICE ACTION
EURNZD Market Outlook | Daily Forex Market BreakdownEURNZD
Pushing up a bit, I would like to see us come back down and reject off 1.69 if we can see some strong bullish pressure we might be able to break and close above 1.70, If we do see a push past 1.70 we could see EN rocket to the upside quite a bit.
EURNZD 650 pips longHi there,
I'm sharing this interesting long term trade idea on EURNZD pair. We have two solid intact trendline on this pair Ascending and descending trend line. This particular trade is based on the ascending trendline which is intact since 2017 and agian we have seen a nice bounce from the trend line and from a major level. We can already see a bullish reversal on a smaller timeframe and I'm anticipating the same on the higher time frame.
Trade war and uncertainities should continue to drag Aussies and Kiwis while Euro should gain some strength in coming days as it has been rock bottom (Dead Cat) for some time now.
I have marked the tp and sl for you as well. Remember this is not a short term trade and it may take good few weeks before reaching closer to tp. Please use the correct risk manangement.
Any questions? Just ask.
Let me know your thoughts.
Trade safe and good luck.
EURNZD forecast on dailyNote : EURNZD has the potential to go up for 650 pips
**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 like i do, please write it in comment so we can manage the trade together.
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Thank you for your support ;)
GWBFX
EURNZD Market Outlook | Daily Forex Market BreakdownEURNZD
EN looking like we may be climbing to the upside. Choppy movement with EN recently, that being said right now it is looking like a good long. If we sustain above 1.70 we could start climbing up to 1.71 and higher. I will be looking for a pull back for clean entries. I feel if we could get a strong bullish 2 hour candle we could see this pair really take off! This could turn into a long term trade. Keep in mind that overall we are bearish, but I am favoring upside movement
EURNZD Market Outlook | Daily Forex Market BreakdownEURNZD
Still holding previous shorts for over 613+ pips. Coming down to an area of support looking like we are slowing down.
We look like we could be bottoming out. It may be time to take a hedge long trade.
I do believe we still could come down and test 1.70 which I have been calling for some time now, giving us a clean entry for a long.
It is looking good. Watching very carefully.
EURNZD Market Outlook | Daily Forex Market BreakdownNothing like 500+ pip wins
This is why I love swing trading!
Sadly the market hasn’t been the most ideal for us swing traders, so I have been sprinkling in more intraday set ups.
Keep in mind only the adaptable survive in this industry. Also remember to cut your losers quick and let your WINNERS RUN!
This week was extremely slow but next week is looking very interesting!
EURNZD Market Outlook | Daily Forex Market BreakdownEURNZD
Still holding previous shorts around +500 pips. I do feel we could still push down to 1.70 and retest that area of support before climbing back to the upside. I feel that it is still too early for longs now and the market is going to shake up inexperienced traders thus giving us an amazing entry for a nice move back up.
#EURNZD, Powerful technical modelWe usually prefer to analyze graphs in D1 but this pattern in the monthly graph forces us to write about it.
2 Doji candlestick symbolizing a trend ending (to confirm the current candle theory should close in red ... got off to a good start)
The 200 moving average line synchronizes with the resistance line at 1.7760.
This is the third time eurnzd has touched the average line and is responding to declines.
Target: 1.7110