Eurnzdshort
EURNZD facing bearish pressure, potential for further drop!Price is facing bearish pressure as it continues to hold below the descending trendline and moving average resistances. We could potentially see a reversal at 1st resistance, in line with our 50% Fibonacci retracement, 78.6% Fibonacci extension and horizontal pullback resistance, and a further drop towards our 1st support, in line with our -27.2% Fibonacci retracement and horizontal swing low support.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EUR/NZD SELL SIGNALHey tradomaniacs,
welcome to another free trading-setup.
EUR/NZD: Daytrade-Execution
Sell-Stop-Order: 1.69150
Stop-Loss: 1.69960
Point of Risk-Reduction: 1.68680
Take-Profit: 1.67300
Stop-Loss: 74 pips
Risk: 0,5%-1%
Risk-Reward: 2,25
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Peace and good trades
Irasor
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EURNZD Sell the downtrend.EURNZD - Intraday - We look to Sell at 1.6595 (stop at 1.6626)
Daily signals are bearish.
Trend line resistance is located at 1.6600.
Preferred trade is to sell into rallies.
The primary trend remains bearish.
We look for a temporary move higher.
Our profit targets will be 1.6508 and 1.6471
Resistance: 1.6560 / 1.6600 / 1.6640
Support: 1.6530 / 1.6500 / 1.5680
EURNZD approaching 1st resistance, potential for a reversal!Price is approaching our 1st resistance, which is in line with our 61.8% Fibonacci retracement, 78.6% Fibonacci extension and horizontal swing high resistance. We could potentially see a reversal at this level, and a further drop towards the 1st support, which is in line with our 78.6% Fibonacci extension and horizontal swing low support. It is worth noting that price continues to hold below the descending trendline resistance and Ichimoku cloud, showing bearish pressure in line with our analysis.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EUR/NZD New Analysis And 2 Setups Depend On Price Action 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