Eurnzdlong
EURNZD - MARKET SENTIMENT⛔️ There is no indicator news of any value for the New Zealand dollar today. Therefore, the New Zealand dollar is often driven by market sentiment. Also, there is no important news for the euro today, and some of the most important news will be released next week.
⛔️ NZD FEATURE is currently down a bit. The main reason for that is because MARKET RISK OFF. Today there is a slight market risk on the situation. The NZD FEATURE stands at 0.6875 LEVEL. The EUR FEATURE stands at 1.088 LEVEL.
⛔️ Currently the SENTIMENT of the OVERALL MARKET is being POSITIVE. Also, even though the EQUITIES are turning a bit red, we are not affected by the VOLATILITY DOWN. Also COMMODITIES still shows a UP SIDE BIAS. There is a NEUTRAL BIAS currently on the market. We can not say for sure whether the MARKET SENTIMENT is UP or DOWN. But according to the data we have received so far we can say that MARKETS RISK is turning ON.
⛔️ EURNZD PRICE can be REJECT from 1.5903 LEVEL. COMMODITIES PRICES If the UPA returns, VOLATILITY DOWN, OVERALL MARKET RISK ON, ON EURNZD will SELL further.
⛔️ You can go to 1.5903 LEVEL before the EURNZD PRICE is down. Then it can be sold to 1.5335 LEVEL. This is determined by the market sentiment and market sentiment in terms of the activity of the New Zealand dollar.
Bullish EURNZDEURNZD is about to go up, I used Schiff oitchfork for the Analysis.
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EURNZD LONG - Buy Entry - D1 ChartEURNZD LONG - Buy Entry - D1 Chart
Buy @ Market
Symbol: EURNZD
Timeframe: D1
Type: BUY
Entry Price: Buy @ Market
Resistance @ 1.68857
Pivot Point Yearly @ 1.66141
Resistance @ 1.65798
Resistance @ 1.63424
Resistance @ 1.60587
Support @ 1.59260
Support @ 1.57811
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EURNZD | Live position | UpdateWe are currently in 200pips profit as price action moved exactly as projected in our analysis yesterday (see link below for reference purposes). Let us continue to watch and see if price action has the tendency of moving further up in the next couple of days... cheers!
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
💡Don't miss the great buy opportunity in EURNZDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.5857).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURNZD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 71.
Take Profits:
TP1= @ 1.5963
TP2= @ 1.6043
TP3= @ 1.6111
TP4= @ 1.6164
TP5= @ 1.6317
SL= Break below S2
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💡Don't miss the great buy opportunity in EURNZDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.5857).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURNZD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 69.
Take Profits:
TP1= @ 1.5963
TP2= @ 1.6043
TP3= @ 1.6111
TP4= @ 1.6164
TP5= @ 1.6317
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
EURNZD | Approaching to Support ZoneEURNZD has been in bearish trend and making lower highs and lower lows on daily timeframe. The current price action is approaching to support zone which were tested early in this month.
The another barometer for the bullish trend is the falling trendline.
Trade your levels accordingly.
EURNZD LONG - Buy Entry - H4 ChartEURNZD LONG - Buy Entry - H4 Chart
Buy @ Market
Symbol: EURNZD
Timeframe: H4
Type: BUY
Entry Price: Buy @ Market
PP Y1 @ 1.6612 - TP - Resistance @ 1.66070
PP Y1 - Pivot Point Yearly @ 1.6612
TP - BE - Resistance @ 1.63006
W! Support @ 1.59604
MN Support @ 1.569415
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EURNZD | Support on Fib LevelEURNZD has given a reversal from 1.56400 level and move more than 600 pips from there. The pair has been retracing to fib level 0.382. We are expecting bulls will take charge from there and push the price to 1.64000 initially.
Alternatively, the bears will be active if it manages to break the support zone and trade below it.
Trade your levels accordingly.
EURNZD - Buy Entry - H4 ChartEURNZD - Buy Entry - H4 Chart
Buy @ Market
Symbol: EURNZD
Timeframe: H4
Type: BUY
Entry Price: Buy @ Market
TP - Resistance @ 1.66070 - Yearly Pivot Point @ 1.6612
TP - BE - Resistance @ 1.63887
Support @ 1.59604
EURNZD LONG - Buy Entry - H4 ChartEURNZD LONG - Buy Entry - H4 Chart
Buy @ Market
Symbol: EURNZD
Timeframe: H4
Type: BUY
Entry Price: Buy @ Market
Major Resistance @ 1.66070
Major Resistance @ 1.64134
Major Support @ 1.599746
Major Support @ 1.569415