A trend reversal is likely with EURNZD, We need further candlestick confirmation to go long at support level 1.646. My first take profit is 1.67800 and my next take profit is 1.71700. Best of luck!
Daily channel seems to have been broken if that's the case the we are likely to have a massive upward breakout. currently the bulls have good momentum based on the 4hr and hourly closed candlesticks.
A spinning bottom appeared on 4 hour chat during a down trend signalling a potential trend reversal. Resistance zone 113.693 was also broken on hour chat with previous candlestick appearing to be very bullish. Take profit can e set at next resistance 114.390 and stop loss below support at 113.460.
Engulfing candlestick (1hour chat) formed near support zone, l would buy EU with tp1 at 1.6871 and tp2 at 1.17314. Stop loss is set at 1.15350. All the best!
NZDJPY seems to have been in range for the past few days with the lowest reach being 74.693 and the highest being 75.538. If you look closely at 75.0, you will notice that it has been a very strong support and resistance in previous times. Daily candlestick bounced at support 74.693 forming a somewhat small pinbar. On hourchat a pinbar was formed 2 hours ago and...
Buy confirmation signal after failure to break support 146.806. Take profit set at next resistance 148.820.
1.17314 has proved to be a strong support level after being a previous strong resistance level. Hour chat show perfect entry point after we see a pinbar close just on support level 1.17314. I expect price to reach 1.19102.
The strong engulfing candlestick near support region suggests a bullish trend in formation. This is also in timing with the USD crush.
0.71591 is a strong support level as evidenced from previous price trends. We can look to buy as l anticipate a reversal is in formation. Price may test support at 0.71591 but in the long run we should look to buy AUDUSD and hold position.
A bearish engulfing candlestick is seen at resistance level 1.16062. That is a clear sign of a reversal and its time to go short on EURUSD.
The daily candlestick that closed shows high bulls momentum and a breakout is likely to occur soon. Looking at the 4hr candle stick that closed above the trendline, it is safe to buy and hold position.