Eurnzdlong
EurNzd has all ingredients for a strong reversalFrom 20 Oct 1.8 high, EurNzd dropped almost linearly 1000 pips. The pair found strong support at 1.7 zone and after a few days of consolidation broke the descending trend line and the first leg of correction come that let the price to 1.7300 zone. Now the pair is correcting this first leg up and a new one could start soon.
1.7 should be very well defended by bulls and my target for EurNzd is 1.75 in the medium term.
In the short term, 1.7050 is now support and a break above 1.7150 could accelerate gains to 1.7280 resistance.
In my opinion, dips should be bought and only a daily close under 1.70 would negate this scenario
EurNzd- New leg up? (potential 250 pips gain)After finding strong support in 1.7 area, EurNzd had a first leg up of around 250 pips, a correction followed and the pair seem to have stopped In 1.71 zone.
I expect a new leg up from this pair and 1.7350 could be bulls target
Trend Reversing On EURNZD
Beginning to see a structural change on this pair. Daily chart will be posted in follow-up.
Daily pin bar formed, which is a good indication price attempted to trade lower and failed to sustain.
[ Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy. Since my win rate and R-multiple targets are different, ideas published are simply a resource to provide guidance. You are expected to manage your own trading decisions. ]
EURNZD DAILY PLAN, BUY ?Break without strength and then go up without strength, I would aim for purchases on this trade by aiming for the trendline blue daily, with a stop no further than 25 pips of the support that has just been broken. Risk ratio: 3.33, Good luck to all, follow me for more content!
EURNZDEURNZD is currently at a very interesting level from a technical perspective.
Why?
We are currently sitting on a key support level on the monthly timeframe ,so naturally we will be looking for rejections.
However, what caught my eye on this particular pair is the fact that EUR is currently strengthening across the board so it would make sense to look for buying opportunities across euro pairs.
Both the technical & fundamental data are aligned with one another, which is why we will be buying this pair up to the next resistance level.
If you have any questions, feel free to send me a message.
POTENTIAL SHORT MOVE DOWN SOUTH ON EURNZD Here i will be looking for price to retest the marked level and further move bearish. A retracement of the bearish move and an extension
BUY EURNZDHello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
EURNZD W4 NOV 2020EURNZD
Long Setup
EURNZD W4 NOV 2020
A simple breakout scenario here with multiple interesting targets in play. Invalidation level can be placed below the demand zone.
EURNZD EURNZD as we showed in our analysis from November 23, eurnzd will continue its upward trend first to the area 1.74800 then to the area 1.77000. because it rejected the trendline formed several weeks ago.
EURNZD Price in Demand Zoneprice in demand zone looks really good it can be a good swing trade
Long : 1.71
Stop : 1.695
Target : 1.73 , 1.75 , 1.78
EURNZD LONGWe broke the downtrend to the upside and head to a supply zone.. price retraced testing the previous high, touched the 50 SMA on the 1h chart and the 200 EMA on 15 min. We see that we are in a range at the moment. We should enter the trade after this area will be broken to the upside at around 1.71867, SL-1.71086(under the low of the range), TP1-1.72050, TP2-1.72570, TP3-1.73320
BUY LIMIT ORDER ON EURNZDHello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Forex Forecasts: Another opportunity to buy back EURNZDAfter a long downward , the 4-hour uptrend was able to stop this downward movement and the pair formed a similar triangle that was able to break it, as the pair formed a strong demand area, which is a good opportunity to buy back the pair from the 1.7092 area with the targets shown on the chart.
