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Eurnzdlong

EURNZD > The Best Place for A Buy Trade!!Analysis on #EURNZD here I have a simple classic trendline support trading idea, waiting to see if the market will move down to test my tradeline support near 1.6575 to see if the market will in fact turn bullish to provide me a valid reason to get in buying opportunity A like and comment will be hugely appreciated, thank you so much for your support. Check today analysis below⠀ >>“ Success is where preparation and opportunity meet." TradingAxis
by TheTradersAvenue
9
EURNZD to head bullish?Let me start off by saying this currency pair isn't my strong suite but if the confluences are there, hey. Go for it. Okay. I don't know if anyone else has noticed this but EURNZD has been trending since March 22nd this year. I used multiple timeframe analysis and well from the daily chart its just trending (said that already). I also drew out some demand and supply zones. Price went down into my demand zone, formed a double bottom and it is likely to bounce off that zone and start heading bullish. If price doesn't start heading bullish now, it is likely to start from the 1.66600 psychological level. Initially I was thinking price would bounce off the 1.67000 psychological level but price broke that level before forming a bullish engulfing candlestick on the 15m timeframe. What do you think?
by charlesgyening
TRADING SETUP FOR EURNZD EURNZD is currently approaching the daily support level. However, in the intraday timeframe, there is a very nice falling wedge which is a reversal structure. Look for the opportunity to buy once the structure is broken and retested. Also, the formation of the double bottom on the support will add an extra trigger to BUY the market. NB; once the price continues to fall below the yellow structure, the setup will be INVALID. What's your opinion on EURNZD? Comment below...
by Erady_Pascal
2