Eurnzdsetup
EURNZD-- Looking for buy SignalDisclaimer:
the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. this is no signal. it's my opinion. trade your own risk. and Must Follow Money management.
_______________________________________________________________________________________________________________________________________________________
Thank you for your support!
EUR/NZD PAIR BREAKDOWN👋 Hey there traders, and welcome to a brand new pair breakdown!
📌 If you like the content that I produce for you all, show some love by smashing the like and follow button, also, leave a comment! That keeps me motivated to produce more content!
📌 Why should you follow me on Tradingview?
I'm transparent.
I provide educational content.
High probability setups
I explain all my steps in-depth
📥 If you would like me to analyze a pair, or discuss something educational and or trading related, let me know via private message, or drop a comment! I always respond to all the comments! :)
Keep in mind that the analysis provided is not 100% accurate and that you can never be certain about the markets. This information given is not financial advice, always do your own research.
Thank you for your time, and let's destroy the markets together!
EurNzd- to see range trading?Undoubtedly Nzd alongside Aud was one of the strongest currencies at the end of 2020...
With its Euro counterpart though, after finding a bottom and reversing at the beginning of December, Nzd found strength again but didn't manage to clearly make a new low under 1.6950, instead it confirmed this support and put in a tweezer bottom candle formation on the last trading day of 2020.
I consider 1.6900-1.6950 strong support and EurNzd can start trading in a range with resistance around 1.73 zone.
I'm bullish on this pair and only a clear drop under 1.69 would change my opinion
EurNzd- I'm maintaining my long tradeAfter it has found a bottom in 1.7 zone and a first leg up to 1.735, EurNzd made a higher low at around 1.7050 and for 10 days now is trading in a range.
I expect this range to be broken to the upside and a new leg up to follow.
My target for this trade is 1.7500 with interim resistance at 1.7350 (previous high)
This bullish outlook is valid as long as the price stays above 1.7050