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Eurnzdlong

EURNZD- BUY- OCTOBER 12, 2020 EURNZD is looking good for a buy. Currently finding support in the 61.8 fib area Our first target will be 1.8500 PLEASE LIKE THIS IDEA *** 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. *** The information given is not a Financial Advice.
Long
by Jhenz
EURNZD LONGBased on NAKED EYE ANALYSIS. Looking for a BUY AREA on the BUY AREA ZONE. WHY? 1. ) TREND TOUCHED 2. ) MARKET STRUCTURE - Making its bullish trend, EURNZD just finished doing its HIGHER LOW. WHAT'S NEXT? Exactly HIGHER HIGH. 3. ) SUPPORT ZONE 4. ) CANDLESTICK PATTERN - Ended in a DOJI on 4hr TF, I'm expecting it would create a MORNING DOJI STAR ** FOR A SAFER ENTRY, YOU CAN WAIT FOR A REVERSAL CANDLE PATTERN TO FORM BEFORE ENTERING THE TRADE OR WOULD LOOK FOR A MARKET STRUCTURE TO FORM ON 15 MINS TO 5 MINS TF
Long
by Maarnelll
2
EURNZD | Last Impulse to the Upside|HI, THIS IS MY POINT OF VIEW ON EURNZD, THE PRICE IS CURRENTLY ON A BULLISH CYCLE ON INTRADAY TIMEFRAMES & ON THE DAILY TIMEFRAME. HOWEVER, I DON'T SEE EURNZD MAKING A NEW HIGH IN A NEAR FUTURE (TOO MUCH BEARISHNESS AT THE TOP). THIS WILL MOSTLY BE AN INTRADAY SETUP THAT WILL TRY TO CATCH THE FIFTH AND LAST WAVE OF THIS CYCLE. THE PRICE ALREADY MADE THE FIRST 3 AND IS CURRENTLY DOING THE FOURTH (CORRECTIVE WAVE). ENTRY ZONE: I AM REALLY HIGH ON THE TRIPLE CONFLUENCE THAT CAN BE FOUND INSIDE THE H1 DEMAND ZONE. 1. H1 DEMAND ZONE 2. 0.618 FIBONACCI CONFLUENCE 3. 1.77500 PSYCHOLOGICAL LEVEL I DON'T USUALLY TAKE A TRENDLINE AS CONFLUENCE, BUT IF YOU TRADE WITH IT HERE IS THE FOURTH CONFLUENCE TAKE-PROFIT: THE DAILY SUPPLY ZONE WOULD BE A NICE ZONE TO TAKE PROFIT IF LIKE ME YOU DON'T EXPECT THE CREATION OF A NEW DAILY HIGH
Long
by Corbeau_FX
EURNZD Top-Down AnalysisHello Traders, Here is the Top-Down Analysis of EURNZD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 41 - 05 Oct M > Market is moving in a rising channel. Price tested monthly support, faced rejection and started upward move. W > In its upward move price is unable to break resistance level. D > We can see an M formation and price should rise up to test the neck. While rising up price is facing rejection at supply zone and unable to break it through. Price is now testing support level and we expect a bounce up. As per COT EUR saw closure of more Long than Short, reducing net positions; EUR was very weak for the said week. EXY was positive last week though it reached resistance level and dropped. NZD saw addition of few Long and more Short reducing net positions, confirming weakness of NZD for the said week. ZXY improved its position last week. 4H > Price is now testing support/ demand zone. We should wait for price action at this zone for entry, a Long in case of rejection and Short if it breaks the level. We however have a bullish bias till neck of M formation. Pair Correlation > EURNZD has positive correlation with GBPNZD and EURAUD and negative correlation with NZDCHF and NZDCAD. This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section you can share your view and ask questions. Thank You AP17FX
Long
by AP17FX
1