EURNZD: Local Bearish Reversal?!I noticed a strong bearish response to an important intraday horizontal resistance on the EURNZD chart.
After testing the highlighted resistances blue area, the price began to consolidate and created a horizontal range on the 4-hour time frame.
The support level was broken, indicating strong selling pressure, and the pair is now retesting it.
We anticipate further bearish movement, possibly down to 1.7837.
NZDEUR trade ideas
EURNZD💡Hello everyone, EURNZD chart analysis The price made a downward movement and broke the last structure level. The price reversed from the broken structure and exited the bearish daily correction. We move to a lower time frame and look for a selling opportunity⬇️
⛔It is not investment advice, for educational purposes only.
EURNZD short term bias turned positive.EURNZD - 24h expiry
Short term bias has turned positive.
Mixed but positive price action has resulted in consecutive, narrow-ranged, sideways trading days.
We look to buy dips.
50 4hour EMA is at 1.7932.
Our outlook is bullish.
The sequence for trading is higher highs and lows.
We look to Buy at 1.7940 (stop at 1.7880)
Our profit targets will be 1.8090 and 1.8120
Resistance: 1.8000 / 1.8029 / 1.8070
Support: 1.7960 / 1.7900 / 1.7850
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The system is as follows...
Step#1: The price has to be above the 50 EMA
Step#2: The price should be above the 300 EMA
Step#3: The price should gap up in a trend
Now in this chart, you will see
the CCI
This indicator is meant to show you that
this forex pair is undervalued or cheap
this means it is a good buy
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EUR/NZD BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
EUR/NZD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 1H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 1.793 area.
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