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Eurunzd

GBPUSD I Correction in process and more potential downsideWelcome back! Let me know your thoughts in the comments! ** EURNZD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
Short
by BKTradingAcademy
1
EURNZD - MARKET SENTIMENT - NZD FEATURE is currently down a bit. The main reason for this is that the MARKET RISK OFF in the previous days. Now there is a somewhat DOWN TRENDING nature. We can also cite the existing DOWN TREND in COMMODITIES as the main reason for the NZD DOWN TREND. Today the NZD FEATURE stands at 0.6227 LEVEL. The EUR FEATURE remains at LEVEL 1.0551. - Currently the OVERALL MARKET is showing a RISK ON nature. STOCKS are currently getting a bit GREEN showing a RISK ON SENTIMENT. Also the VOLATILITY is getting a bit DOWN. Also COMMODITIES show a UP SIDE BIAS today. Currently the market has a RISK ON SENTIMENT. Therefore, in the future, all currencies such as NZD, CAD and AUD may be slightly UPA compared to JPY CHF and USD. - EURNZD PRICE can REJECT from 1.7159 LEVEL. If COMMODITIES PRICES are to be DOWN again, VOLATILITY UP UP, OVERALL MARKET RISK OFF, EURNZD will be further BUY. - EURNZD PRICE can go to 1.6752 LEVEL before UP. Then you can BUY to 1.7159 LEVEL. This is determined by the market sentiment and the market sentiment of the New Zealand dollar ... Currently EURNZD STRUCTURES BREAK.
by benny_marshall
EURNZD Reasons i am short this pair!On the higher time frame ( Daily ) we recently broke the structure of a lower trend line. When this happens traders normally wait until a retest of that trend line in order to make a decision to hop on for trend continuation. This is all i did here, but instead of just waiting for a retest of the trend line, i have put a few other rules in my plan for when this happens just to give me a little more conformation that my analysis is correct ( more than it is incorrect ). Upon this retest we have put in a double top with RSI divergence at previous support levels and at a previous trend line that could in fact become a new resistance level. These are the reasons i am currently short this pair. I hope you enjoyed the analysis! Hit the thumbs up for me and if you would like to see more analysis like this then check out my YOUTUBE channel for live trades and lessons on some of the strategies i use in the markets. LINK: www.youtube.com
Short
by StevenH
5