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Eurnzdanalysis

EURNZD – looks ready to confirm a bullish trend . week of 26 AprThis pair snapped out of the downtrend about 2 months ago and made a nice move up on 23 March. As the daily chart above shows, it lost all momentum over the next couple of days and has been consolidating between 1.667 and 1.6975 since then. The bulls however still are very much in this even though their previous attempts to break out above (during 7-11 April) did not succeed. Moving on to the H4 chart, we can see the consolidation more clearly. s3.tradingview.com The overall trend is now bullish, so instead of waiting for a breakout to occur, I am looking to take a long trade at the bottom of this consolidation zone. If price does come down to the 1.667 region, it gives the possibility of a tight stop and a +4R trade. If you like my analysis please give it a “thumbs up” and follow me to get immediate notifications. As always, please use sound money and risk management in all your trades.
Long
by Trading_Vista
EURNZD, daily tf, double top with consolidation As you can see on the daily timeframe there is a double top pattern formed. Price already broken below the support with a big bearish engulfing candle. This upwards movement could be only a retracement before further drop in this pair. Price spent several weeks consolidating inside 1.6820-1.6660 area which also looks like a flag pattern to me. Sell EURNZD 1.6760 Stop loss 1.6820 Take profit 1.6400 (6R) Use only 1-2% risk Good luck
Short
by HayatoDragonFX
1
EURNZD - BULLISH BIASEUR - BULLISH 1️⃣ Optimism about a strong economic recovery was supported by signs of an acceleration in the vaccine pace in Europe. 2️⃣ Several EU countries continued their efforts to re-open their economies, while upbeat economic data released on Friday showed that consumer prices in the Euro Area rose in March by the most in over a year. NZD - BEARISH 1️⃣ The risk-averse market environment could pressured the NZD. ===== TECHNICAL ===== - We're buying this pair on RBS level on M15 This is short term trading strategy from Monsun Asia. - Risk reward ratio is 2:1. ===== Risk to this trade ===== Any change in sentiment could turn the pair's direction.
Long
by MonsunAsia