EURNZD TO BREAKOUT THE CORRECTION ❕EURNZD is in the last correction wave, waiting for rejection on support around 1.71750 which is also a 0.618 fibo level.
first TP will be the next resistance around 1.73400 🏆
EUR-NZD
EURNZD on a minor retracement 🦐EURNZD after the nice bullish impulse hit the 1.72600 and started a retracement move.
The price is moving inside a minor descending channel and the market will possibly touch the 0.382 and bounce over it.
IF the price will breaks above the resistance structure and consequently breaks the channel we will set a nice long order according to Plancton's strategy.
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Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
EURNZD - Trade 8-12-2020FX:EURNZD
Looking for EN to retest the 4H resistance according to the current bullish momentum and bounce from previous Structure Resistance turned Support at 1.7180.
Anticipating this 7:00am 1H candle to close bullish as previous candles last days at the same time.
4H
1H
EURNZD - Trade 07-12-2020FX:EURNZD
Trade executed according to Trade Plan. Please refer to the 4H Trade Plan analysis below.
Potential at EURNZDLast week there was a good opportunity at EURNZD that we shared with you.
Did you get involved?
Now the price has returned to support and continues its movement in the upward channel.
In case of a new rise, the resistances levels we expect to be reached are:
1.7313
1.7349
The scenario fails when the previous bottom breaks.
If you have questions about how to trade this or another situation, contact us!
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EURNZD - Dec 07-11 Week trade planFX:EURNZD
This is my trade plan for EURNZD for next week Dec 07-11 based on HTF analysis.
Trades will be executed according to my trading rules:
1- Momentum
2- HTF close with momentum direction
3- 1H close below/above previous candle in momentum direction
4- Targets for 1H recent support/resistance
Please refer to the Daily outlook for further HTF outlook.
EURNZD - Daily Outlook for Dec 2020FX:EURNZD
This is my daily outlook for EURNZD for Dec 2020. Trades will be executed according to confirmation on 4H and 1H Time Frames.
Following scenarios are expected and planned for Dec 2020:
Scenario 1: A close below this daily candle could trigger a bearish momentum to retest the lows 1.6980 and form triangle of love and possibility of continuation.
Scenario 2: Support creation above 1.7340 level (Resistance Zone) will confirm bearish trend weakness and possibility of reversal higher Resistance zones.
Putting in consideration:
Monthly Close : Bearish
Weekly Close : Bullish
Daily Close : Bullish
4H : Solid Up Trend
1H : Solid Up Trend
Notes:
- From previous monthly candle close, current move from Dec 1 could be the monthly candle bearish wick for HTF bearish trend continuation.
- Dec from historical data is a reversal month, so putting in consideration the current bullish momentum could lead this month to close bullish.
EURNZD - Nov 30-04 Oct Week trade opportunities for referenceFX:EURNZD
This is a summary of the trade opportunities during this week according to my Trade Rules:
1- Momentum
2- HTF close with momentum direction
3- 1H close above previous candle in momentum direction
4- Targets for TP points from Week Outlook
Please refer to week outlook :
EURNZD - Trade plan for the week 30 Oct - 4 Dec 2020 FX:EURNZD
This is my trade plan for EURNZD for next week 30 Oct - 4 Dec based on HTF analysis.
Trades will be executed according to my trading rules:
1- Momentum
2- HTF close with momentum direction
3- 1H close below previous candle in momentum direction
4- Targets for 1H recent support/resistance
💡 Don't miss the great buy opportunity in EURNZDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.718). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURNZD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 75.
Take Profits:
TP1= @ 1.7280
TP2= @ 1.7358
TP3= @ 1.7445
TP4= @ 1.7612
TP5= @ 1.7770
SL= Break below S2
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💡 Don't miss the great buy opportunity in EURNZDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.718). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURNZD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 75.
Take Profits:
TP1= @ 1.7280
TP2= @ 1.7358
TP3= @ 1.7445
TP4= @ 1.7612
TP5= @ 1.7770
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
EURNZD LONGWe broke the downtrend to the upside and head to a supply zone.. price retraced testing the previous high, touched the 50 SMA on the 1h chart and the 200 EMA on 15 min. We see that we are in a range at the moment. We should enter the trade after this area will be broken to the upside at around 1.71867, SL-1.71086(under the low of the range), TP1-1.72050, TP2-1.72570, TP3-1.73320
EURNZD: Key Level Retest & Potential Short
EURNZD is retesting a broken major daily level.
The price was nicely rejected yesterday on hourly and formed a double top pattern this morning.
1.713 is its neckline.
I am waiting for 1H candle close below that to initiate short.
Goals:
1.708
1.702
if the neckline is respected and the price sets a new higher high higher close on hourly, the setup will be invalid.
Uptrend in EURNZDFrom the beginning of the month EURNZD started an uptrend of M30.
This trend may turn into a reversal of larger periods.
So we can join it from the base of the M30 and wait for the reversal of H1 and H4.
In this way we would realize a very good profit / loss ratio.
For the M30, the initial target will be 1.7222,
Prior to this, corrections are possible that shouldn't go below the previous bottom.
If you have questions about how to trade this or another situation, contact us!
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EURNZD ANALYSISEURNZD broke major downtrendline
Price is based on HVN at level 1.7008 which indicates that pair is in accumulation phase
Pair is based above support level at 1.6970
MACD shows bullish momentum
We r waiting price to exceed resistance level 1 to open long trade
It's expected to target resistance level 2 at 1.7190
EURNZD - Nov 23-27 Week trade opportunities for referenceFX:EURNZD
This is a summary of the trade opportunities during this week according to my Trade Rules:
1- Momentum
2- HTF close with momentum direction
3- 1H close below previous candle in momentum direction
4- targets for 1H recent support/resistance
EURNZD - LONG (Textbook Setup - 250pips)This set up is clean and has clear areas of interest where we expect price to bounce off of.
EURNZD - LONG (Textbook Setup - 250pips)This set up is clean and has clear areas of interest where we expect price to bounce off of.
EUR NZD BUY (EURO - NEW ZEALAND DOLLAR)Hi there. Price is forming a reversal pattern to change its direction. Watch strong price action at the current levels for buy.
Down trend in EURNZDAt EURNZD we are in a clear downward trend. The last part starts on November 13.
We are currently in consolidation and expect a resumption of the down movement.
A break below 1.6962 will confirm the continuing.
The first target we expect is 1.6828!
A break of the channel resistance and a higher peak will be the reversing signals.
If you have questions about how to trade this or another situation, contact us!
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