EURNZD WILL RISEAs we can see nzd bas become very strong so now i can expect it will fall as #EURNZD IS ON RESISTANCE so i am expecting a rise becaise this resistance is now support
If you like my idea than follow my channel
Eurnzdsetup
EURNZD- Approaching the major support at 1.688001.68800 will be a very hard-to-break level for EURNZD, possible reversal point
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
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
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.
EurNzd- strong reversal from supportAs I said yesterday, EurNzd looks bullish with strong support around 1.75 zone.
The pair had a quick dive under this zone and reversed strongly to be traded around 1.76 at the time of writing
I maintain my first target of 1.78 for this pair and, if the day is closing with bullish engulfing we can see my target reached sooner rather than later
EurNzd- 1.75 is strong supportAfter reaching 1.8 important figure, EurNzd dropped fast and found support at 1.75 zone.
The pair si consolidating now just above this support and a new revisit of 1.78 resistance is probable.
I'm bullish on this pair as long as the price says above 1.75 on the daily close basis and buying dips is my strategy
EURNZD SHORT- Dump from supply zone, expected retrace back up
and another dump.
- 1.75859 has acted as a good support level, increasing
the likelihood of price retracing once it closes around
this level.
- Entry set to bottom of the supply zone, with stop loss
just above the supply zone.
- Target will be the last lower lows.
EUR/NZD: Daytrade-preparation!!! LONG 26/OCTEUR/NZD: Daytrade-preparation!!! LONG
#Swing
Eurnzd
Market-BUY : 1.77200
Stop-loss : Close Break 1.76800
Target1 : 1.78350
Target2 : -
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EurNzd- buy at 1.77 zone?Two days ago, EurNzd put a nice Pin Bar in 1.76 zone visible on the daily chart and, with yesterday's bullish daily candle this completes a morning star candle formation.
On h4 chart we can clearly see that the descending trend line is broken and now the pair is consolidating with a slight tent of correction (a flag more or less)
1.77 could be a good place for longs and only a drop under support would change this bullish outlook.
1.8 could be the target for bulls which gives them a R:R of more than 1:2
EurNzd outlookAfter reaching almost 1.8 important resistance zone, EurNzd dropped and found support in 1.76 old support zone.
Now the pair is correcting this move and I expect a new leg down after this correction.
Sell rallies is my strategy for this pair and a good place to search for selling opportunities is above 1.77
EurNzd- New leg down?After its drop from 1.8 zone, EurNzd found support in 1.77 zone and corrected towards 1.78 resistance.
Now the pair seems prepared for a new leg down and the target for this drop can be 1.75
I'm bearish this pair as long as the price stays under 1.78 on the daily close bases
Forex Trading, Eurnzd Analysis Result Prince kept moving higher, it didn't reach our marked zone. Momentum was too strong, we will monitor price action for next moves.
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
EurNzd- where to buy?The medium-term trend for EurNzd is up and I expect this to continue and the pair to challenge 1.8200 in the near future.
Now the price is in a normal correction which can provide us with a good opportunity to buy on dips.
My focus is on 1.78 zone where I will look for a buy signal
Eurnzd Analysis - 2 October 2020Possible long setups might form if the price reacts at this zone..
Monitor price action for bullish setups to go long..
Note :
Use your strategy also and crosscheck before entering and trades..
EUR/NZD Trading Plan- We're gonna wait for a pullback & BUY confirmation near 1.7740
- Our target will be near 1.8100
- If this reaches our target which means it will form a harmonic pattern.
- We'll look for sell confirmation from 1.8180 to 1.8120
- Our next target will be near 1.7820
EURNZDOnce again, market will always leave clues as to what it wants to do, I do not predict the market but my bias would be for a sell position seeing the price action clues on Monthly however before taking a position, I will wait for price to break through some of the identified zones. If on the other hand Price chooses to continue in the bullish run, I will equally wait for it to break through the zone before executing
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Past results does not Guarantee Future Results, do your due diligence.
Trade Rules:
Use proper risk management
When the trade is taken, once in 20 pips profit, breakeven and protect your capital
As trade moves, look for fresh entries in line with the position taken
