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Eurnzdlong

EurNzd- are "we" breaking up?Although the trend is grossly down for EurNzd, from the beginning of the year, the drop in the pair was marginal, forming a falling wedge. A bottom seems to be in place at this point at 1.6650 zone and is marked by a double bottom on shorter time frames. Now the pair is trading at 1.68 which is also the resistance of the wedge. A break here would expose 1.7 zone and 1.73 furthermore (the target for the pattern) Buying dips can be a good strategy for this pair
Long
by Mihai_Iacob
9
EurNzd- break of falling wedge for 500 pips profit.Since the beginning of the year, EurNzd is trading in a falling wedge, with the price making marginal lows. On shorter term time frames, the pair made a small double bottom which can give us the idea of a turn. Now EurNzd is facing confluence resistance of horizontal 1.68 level and the resistance of the wedge and a break here would confirm the reversal and gives scope to 1.73 resistance. Also, a buy trade for this pair would have a great R:R
Long
by Mihai_Iacob
15
EURNZD Buy the head and shoulders.EURNZD - Intraday - We look to Buy at 1.6683 (stop at 1.6647) Daily pivot is at 1.6660. Dips continue to attract buyers. We look to buy dips. This has resulted in signals for sentiment being at oversold extremes and we look for a move to the upside. A bullish reverse Head and Shoulders is forming. Price action looks to be forming a bottom. Our profit targets will be 1.6798 and 1.6868 Resistance: 1.6750 / 1.6800 / 1.6860 Support: 1.6700 / 1.6680 / 1.6650
Long
by Signal_Centre1
1
EURNZD: an upcoming BULLISH impulseHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : EUR/NZD ⚪ Technical Analysis : Since January 2021, the price has been moving in an interesting side trend, bouncing up and down between the resistance area at about 1.69500 and the support area at about 1.68500, many rejections are a clear confirmation of the strength of these zones. The 27th of January the price temporary broke through the support zone, quickly moving back over the support zone, failing its next attempt to create a lower low. It is currently re-testing the support level and the next price action will be essential to understand the next market movement. 🔴 Conclusion : The price seems to be not really strong anymore to push the price down under the level 1.68100 and the last few pinbar candles could be the first sign of an upcoming new impulse. I'm confident to see the price moving up until its next resistance zone at 1.69700 but I'll be waiting the next few h4 sessions before entry long on this trade. The level 1.68800 could be a potential entry point. Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! ⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️ Trade Safe and Responsibly , Gianni
Long
by FXtrades-gp
18