Eurnzdanalysis
EURNZD I Approaching reversal zone Welcome back! Let me know your thoughts in the comments!
** EURNZD Analysis - Listen to video!
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DeGRAM | EURNZD trend continuation opportunityEURNZD broke and closed below the psychological level at 1.82000, which became a resistance.
Price is trading in the descending channel, printing the AB=CD pattern.
There's a nice confluence zone to short at the resistance level. We expect a retest of the support level.
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EURNZD I Potential decline to 1.8165 Welcome back! Let me know your thoughts in the comments!
** EURNZD Analysis - Listen to video!
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DeGRAM | EURNZD bullish opportunityEURNZD is currently pulling back from the resistance level to the support level at 1.83000.
The market created the support level / psychological level that perfectly line up with the 61.8% fibo level.
The market is in a bullish trend overall, however, on the 4H chart, price made divergence means the market will make short pullbacks.
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EURNZD - Rejection from bullish order block ✅Hello traders!
‼️ This is my perspective on EURNZD.
Technical analysis: Here we are in a bullish market structure from 1H timeframe perspective, so I am looking for long. I want price to continue the retracement to fill the imbalance lower and then to reject from 30M bullish order block.
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EURNZD : Short Trade , 1hHello traders, we want to check the chart of EURNZD. The price has broken the upward channel and pulled back to the specified key level. We expect this level to maintain the downward trend of the price and play the role of a resistance level. We expect the price to fall to around 1.81100. Good luck.
Are You Ready to Capitalize on the 1.822 Resistance Level?Examining the Monthly and Weekly charts, it's clear that this pair is on the verge of some critical areas on the higher timeframes – an exciting potential for spotting favorable selling opportunities.
The first hotspot revolves around the Monthly resistance area at 1.822. Remarkably, just yesterday, the price came incredibly close to tapping this level. It's intriguing to consider if this might have been a clever stop-hunting maneuver, especially considering the price's swift pop above the previous resistance at 1.80500, followed by a prompt sell-off. To visualize this, take a glance at the image below
This could well be the turning point for a more pronounced correction, though I'd certainly wait for confirmation. It's worth noting that the price has managed to stay perched above the 1.805 level, hinting at the possibility of an upward thrust, even aiming above 1.82. Explore this perspective in the image below
Personally, my optimal approach involves patiently awaiting a price climb to 1.82, then making use of my TRFX indicator. I'd only dive into the trade once the Daily chart signals align with my strategy. Additionally, I'll be keen to spot any potential Daily signals within the present levels.
As for potential targets in this trade, my sights are set on the former swing high resistance, now transformed into support, positioned at 1.75. This level is poised to attract considerable buying interest and could act as a strategic regrouping point for buyers, potentially fuelling the market's push toward the subsequent resistance region at 1.86.
This also signifies the commencement of a Monthly supply/sell zone. Thus, I'm eyeing around 1.75 as my initial profit target, anticipating some sort of buying surge or a wave of profit-taking.
If a subsequent response unfolds, wherein sellers regain influence and buyers struggle to secure new highs, there's potential for a more substantial retreat towards the 1.70 territory. This aligns perfectly with a Monthly demand/buy area. See a chart visual below
I realize my posts might be a bit exhaustive, but dissecting my chart observations is my way of refining my trade ideas. Hopefully, this account proves both enlightening and insightful. Happy reading and trading!
EURNZD I Bearish divergence and wick failureWelcome 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.
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EURNZD Short EURNZD takes a break from a daily trend line where 1.83400 also serves as a strong Fibonacci Resistance Zone.
Bearish correction is expected to 1.80700, being the previous resistance level now turned support.
If the analysis above holds, a possible head and shoulder formation is expected before the massive drop of the pair. This s supported by a divergence seen on the weekly TF.
EURNZD LONG TERM SELLING IDEAHello Traders
In This Chart EURNZD DAILY Forex Forecast By FOREX PLANET
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EURNZD I It will fall from the resistance zoneWelcome 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.
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EURNZD biasEURNZD is clearly still long and will propably continue to be long for a while. here are 2 zones you could look for confirmation entries, i will be doing just that myself. Don't be surprised if we don't have another pullback before hitting the expected target.
and most importantly DO NOT trade against the trend, you will get burned trying to force this pair downwards towards a zone or poi. thats how most traders lose money