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Eurnzdforecast

EURNZD bearish moveAfter a very strong bull run the pair entered overbought territory and we see a bit of a spinning top, that is usually a bearish signal. The pair also broke yesterday under some quite strong support and it has been retested today already. It has a lot of run to run and not much resistance on the way down. This is how I am playing it: We can see the clear break of support and the retest on the 4H chart. I am waiting for the price to break that thick black line to enter the trade. Pretty simple setup but remember that it can reverse anytime so make sure you use a Stop Loss!
Short
by MicKi
Breakout Trade - EUR/NZD Long Trade SetupThis pair is in the kumo but doesn't look quite ready yet to enter a buy. I am looking for either a drop and re-test of support at tenken sen, or a straight break up and above the wick we formed with the previous and current candle. In either scenario if we can end up getting the breakout above those wicks I'll be looking to enter my long position. I've set my overall take profit at a mid price structure level with multiple partial take profit levels along the way. If we fail to drop to support then move up and out of the kumo, or if price fails to break above the current wicks we've seen, this setup may become invalidated.
Long
by The808Trader
EURNZDon a daily in comments this has a big drop as very clear motive wave and perfect school correction. now that move downwards the way that is moving in those parallels seems that is printing a diagonal. so since it is a beginning after a correction im expecting a motive wave, and in those parallels that last drop its too big for anything else to be considered except leading diagonal. also that blue line looks like strong resistance which several times price bounced of it and now we r touching it with exhaustion in oscillating indicators and in overbought position. also that last touch on MA's 100 and 200 where they crossed aka dead cross, resulted with big drop and now we r again touching MA100 and looks like its gonna reject it again. this is for educational purposes so mind ur lot size! :)
by sharing_is_caring
EURNZD: Price Action For More Short MomentumWelcome traders, to this new trading idea! We are looking at the EURNZD pair on the daily chart right now. Last week we saw a trend reversal with a massive bearish momentum to the down side. As we look on a higher timeframe, we expect the new trend to establish and look for a potential reversal to enter this trade. A potential entry point for this short is 1.71350, where we marked the arrow. After that with a confirmation we will be entering an order. We will keep you guys updated in the comment section how the pair moves and when we enter a trade. Wishing everyone a great week and happy profits!
Short
by darian_fx
4
EURNZD approaching support, potential for a bounce! EURNZD is expected to drop to 1st support at 1.66912 where it could potentially react off and up to 1st resistance at 1.68917. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Long
by Pepperstone
1