EurNzdEurNzd Breakout from formation consolidation.
i see divergence too.. based on Technical Analysis we can see bullish opportunity.
Euronewzealand
EURNZD (Euro / New Zealand Dollar) Currencies Analysis 30/03/21Bullish Divergence with MACD and Break above the Bearish Trend line are the evidences of trend reversal
we can target the Fibonacci Projection Parallels legs and Extension levels
we may hove some retracement along the Move up which is very normal for a healthy uptrend
EURNZD | Closing to Support ZonePlease support this idea with LIKE if you find it useful.
Initiate Long.
1 Scenario
Entry - 1.66995
TP1 - 1.68291
TP2 - 1.68947
SL - 1.66660
2 Scenario
Entry - 1.66354
TP1 - 1.67559
TP2 - 1.68200
SL - 1.65989
Reason: Currently price facing decline due to rejection, the trade suppose retracement at least from one of the support zones. How to choose of two scenarios - RSI should be in oversold zone when price find one of the support.
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
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 Advise.
EURNZD Short Downward trend formation on D1 & H4. Doji D1 Candle confimration made. We are no longer looking for further upside movement, only downside now. Take sell opportunities on downward retracements if not entered before. Will Update later.
Increase EURNZD OpportunityAs shown in the chart above, there is a chance for this rebound pair. Pay attention to invalidation in the last low area ..
EurNzd - Bears In ControlLast week price broke down below key support at 1.69560 hinting further declines is on the cards. A pullback and re-test of broken support turning resistance will provide a great place to start to look for Bearish set ups for shorts down towards the target and next key area of support to the downside at 1.66413.
EurNzd - Break Of Resistance Hints Further AdvancesLast week price pulled back to key resistance turned support at 1.72077 and bounced after testing it deeply. Next week further advances are expected with a correction providing a great opportunity to look for longs towards the next key areas of resistance at 1.74869 and 1.75842 respectively.
EurNzd - Strong Momentum Hints Further AdvancesLast week the EurNzd was a great performing pair clearing the targets and keys areas of resistance highlighted with ease. We go into this week with price sitting above key resistance turned support at 1.72077 with a re-test of this area providing a great place to look for Long opportunities, and a continuation of the rally, towards the next key areas of resistance to the upside at 1.74869 and 1.75842 respectively.
EurNzd - Trend Line Break At SupportLast week price bounced from key support at 1.66413 breaking the downward sloping trend line. This provides a great chance for a pullback to provide an opportunity for long set ups, up towards the next two key areas of resistance and targets to the upside at 1.69560 and 1.72077 respectively.
EURNZD - Long - 2D ChartLong EURNZD at C wave to make another impulse up, a bigger impulsive 3rd wave up.
Multiple targets at trendlines.
