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Eurnzdforecast

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
EURNZD LOOKING GOOD FOR A BULLISH EXTENSION I previously marked up EURNZD with a bullish prospective ( i have attached the previous mark ups). Price recently broke out bullish after respecting support. Price is currently moving bearish into what i would see as a retracement. So price has the potential to reach the support i have marked at the grey price line which is also our entry and move bullish again. Entry - Grey line Stop loss - Red line Take profit - Green line Happy trading all
Long
by Malika_Analysis