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Eurnzdforecast

EURNZD ShortGuys in trading to get that bigger picture you have to see the monthly candle closer, and if you can see the monthly closer on EURNZD you can see that is a 3 pin bar ( Evening Star potential further upside for the coming month) If we see Weekly we can see that we have a rejection from 1.7605 ( Daily multiple rejection). If we see Daily we have a morning star confirmation, so what next? My bias for the upcoming week for EURNZD is bearish. Why entry 1.7486? because the TL was broken and you can see that it's a possible Head and Shoulder 4h , so wait to retest that TL and also to hit 50% FIB. First target: 1.7321(crucial level for the pair). Second target: 1.7219
Short
by ronizfx
Analysis of EURNZD 26.08.2019The price above 200 MA, indicating a growing trend. The MACD histogram is above the zero lines. The oscillator Force Index is above the zero lines. If the level of resistance is broken, you should follow the recommendations below: • Timeframe: H4 • Recommendation: Long Position • Entry Level: Long Position 1.7600 • Take Profit Level: 1.7800 (200 pips) If the price rebound from resistance level, you should follow the recommendations below: • Timeframe: H4 • Recommendation: Short Position • Entry Level: Short Position 1.7300 • Take Profit Level: 1.7250 (50 pips) USDJPY A possible long position at the breakout of the level 106.00 GOLD A possible long position at the breakout of the level 1555.00 USDCHF A possible long position at the breakout of the level 0.9790 GBPUSD A possible short position in the breakdown of the level 1.2230
by PaxForex
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
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