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Eurnzdsell

Analysis of EURNZD 26.08.2019The price above 200 MA, indicating a growing trend. The MACD histogram is above the zero lines. The oscillator Force Index is above the zero lines. If the level of resistance is broken, you should follow the recommendations below: • Timeframe: H4 • Recommendation: Long Position • Entry Level: Long Position 1.7600 • Take Profit Level: 1.7800 (200 pips) If the price rebound from resistance level, you should follow the recommendations below: • Timeframe: H4 • Recommendation: Short Position • Entry Level: Short Position 1.7300 • Take Profit Level: 1.7250 (50 pips) USDJPY A possible long position at the breakout of the level 106.00 GOLD A possible long position at the breakout of the level 1555.00 USDCHF A possible long position at the breakout of the level 0.9790 GBPUSD A possible short position in the breakdown of the level 1.2230
by PaxForex
Perfect AscendIng Broadening Formation!!!A long term trade, its a great opportunity for risk takers with at least 60 pips in profit. Stoploss around 34 pips with a 1:2 ratio in profit Macd is showing selling pressure with RSI also showing divergence The strong Resistance level is between 1.68-1.68100 which can also play as a rejection level, moreover strong support is around 1.65900. NOTE- DYOR before investment, this chart is for educational purpose only Please like, share and comment. Twiiter: twitter.com Telegram: t.me
Short
by setrader33
EURNZD Is Drawing a Pattern That Should Scare the BullsThe Daily chart reveals something that should make the bulls feel uncomfortable. It shows that EURNZD’s massive decline from October 2018 high at 1.79337 to December 2018 low at 1.63279 took the shape of a textbook five-wave impulse. The pattern is labeled 1-2-3-4-5. EURNZD Bears Remain in Control According to the theory, the impulses point in the direction of the larger sequence, and a three-wave recovery in the opposite direction follows every impulse pattern. This means that once the corresponding A-B-C expanding flat correction in wave (B) is over, another decline in wave (C) can be expected. The resistance area around 61.8% Fibonacci level and the blue box zone is where a bearish reversal is likely to occur. However, even if the bulls manage to lift the price of EURNZD higher, the bearish outlook remains valid as long as the high/starting point of wave (A) at 1.79337 is intact. If this count is correct, traders should not put too much trust in EURNZD bulls right now and start to take profit in the blue box, especially given that wave (C)’s targets lie below wave (A) low at 1.63279. Did you like this analysis? Kindly let me know in the comment.
Short
by Veejahbee
8