Eurnzdlong
EURNZD Intraday Setup.EURNZD - Intraday - We look to Buy a break of 1.7366 (stop at 1.7319)
Setbacks should be limited to yesterday's low.
We look to buy dips.
We look for a temporary move higher.
We look for gains to be extended today.
1.7162 continues to hold back the bulls.
A break of 1.7360 is needed to confirm follow through bullish momentum.
Our profit targets will be 1.7497 and 1.7577
Resistance: 1.7360 / 1.7400 / 1.7500
Support: 1.7300 / 1.7255 / 1.7200
EUR/NZD Technical Analysis
The counter was in a strong downtrend and it broke long-term support at 1.71435.
Unable to sustain the breakdown, it has recovered with a V-shape rally.
We expect a short-covering rally in the counter.
EurNzd- trend reversal or just correction?Nzd had quite a run in the past 3 weeks, with EurNzd falling almost 1000 pips from 1.8 to 1.7050.
The important psychological 1.7 support is marked also by a piercing candle formation and should be well defended by bulls in the future.
I expect this bull run to continue to at least 1.75 and dips under 1.72 should be bought in search of a good R:R trade
EURNZDon H4 TF we have a clear Demand level
H1 TF we have a break of market Structure (BOS)
We have a 5 & 13 ema Cross.
Risk is 70 pips
TP is Next H4 Supply Level. Reward 400pips +-
We also have a Point of Control on the Buy Limit order.
EURNZD Intraday Setup.EURNZD - Intraday - We look to Buy a break of 1.7166 (stop at 1.7138)
Setbacks should be limited to yesterday's low.
We look to buy dips.
We look for a temporary move higher.
Daily pivot is at 1.7162. 1.7162 continues to hold back the bears.
A break of 1.7160 is needed to confirm follow through bullish momentum.
Bullish divergence can be seen on the 4 hour chart (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher.
Our profit targets will be 1.7259 and 1.7289
Resistance: 1.7160 / 1.7200 / 1.7270
Support: 1.7130 / 1.7100 / 1.7060
EUR/NZD New Analysis And 250 Pips Are Waiting To Catch It This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
eur/nzd buyhi traders,
price is now testing the bottom of structures within the 4H timeframe- i expect price to push up
EURNZD It will break the triangle upward +160 PipsWelcome Back.
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In the event that it continues to rise, this is considered a break of the marathon, so this break will be positive and it will move towards the upside to the resistance indicated on the chart.
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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.
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
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The information given is not a Financial Advice.
📢EUR/NZD Possible long setupIf we can break and close above resistance we could have a target of 1.7600 This pair is on the watchlist 👀👀
