EURNZD SELL - updatemy last analysis of this went quite well. same as before
i am still expecting a general downward movement
for the pair
please like, comment and follow for more
:)
see previous analysis also
Eurnzdforecast
EURNZD - BREAKOUTAM GONNA WAIT FOR THE BREAK OUT HERE
THE SELL
LIKE, COMMENT AND PLEASE FOLLOW FOR MORE
EURNZD Weekly Forecast 24th September To 28th SeptemberMidterm forecast:
1.7480 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:
The RSI bounced from the resistance #1 at 80 and it prevented price from more gains.
The RSI uptrend #2 is broken, so the probability of beginning of downtrend is increased.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 51.
EUR/NZD - 300 Pips ShortA potential big drop is currently imminent on EUR/NZD.
*Important: To enter this move, wait for the breakout of 1.77 and the resistence under it. If it does not break this level, then this trade is invalid.
Once broken and the resistence found underneath it, it can go anywere near 1.74
Trade safe.
short at 1.7734 to target 1.7680 short term...short term 24h trade
to much overbought in daily and h4
nzd undervalued since 1 week
50 pips minimum to take
EURNZD low risk Buy setupEURNZD have rallied quite sharply from past few weeks, i am expecting it to retest the highs around 1.7470 area. Since momentum is still intact with the price action so i would recommend to play long.
Have a great weekend!
EURNZDThe market has formed a rather strong support and resistance along this channel. Since it is a channel, we have no clue where it could break and take direction to. I have spotted a pin bar candle stick formed up right on the resistance, this is a good sign to expect the reversal of the trend from bulls to bears. On smaller time frames I have yet another conviction on this analysis, hence the confidence builds up.
eurnzd short opportunityEURNZD potential 50-100 pips short trade. EURNZD long term bullish but it's a nice retracement trade to fib levels. Great RR ration. Enjoy pips..
Please hit "LIKE" to support.
Vinny
EURNZD Sell SetupEUR/NZD testing the downtrend line and seems like the upside is limited and a possible correction is setting up. Short term momentum indicators support the view as well. If it forms a linear compression here, i'd recommend to look for sell setups for a target to 1.7100 or so.
Happy Trading.
EURNZD Possible Sell setupLooking for a short term pullback in EURNZD, watchout for the break of white line, stop above the highs whilst target 1.6970. However there is scope for more upside, this is just a pullback trade.
Happy Trading.
