Eurnzdanalysis
Bearish continuation EURNZD 28 June, 2021 The pair has been in a bearish trend for over a year but in Mar 2021 it started consolidating in an equidistant channel. The area just below 1.7100 has been an effective resistance several times recently and since 21 June recently as well.
I am looking for another (substantial) retracement to this zone and a bearish continuation in line with the major trend. A deep retracement provides me with better R/R but I would also evaluate a shallow retracement for profitability before I commit to a trade.
My targets are near 1.6630 and possibly 1.6340.
A strong bullish close above 1.7100 would negate my analysis.
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EUR/NZD Full Analysis And 2 Scenarios Maybe Happen !This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
EURNZD Bulls Are Overstaying Their WelcomeEURNZD has been in a corrective since February and seems to be topping out now.
The correction unfolded as a double zigzag pattern and the third zigzag is visible on this H4 chart above.
Wave c of (z) of 4 also unfolded as an ending diagonal which is a reversal pattern.
If this count is correct, any further rally must stay below the invalidation level on the chart and the price should head lower in a five-wave sequence.
Higher degree chart:
s3.tradingview.com
What's your view on EURNZD? Let me know in the comment.
EUR/NZD Full Analysis And 2 Setups Available To Catch 250 Pips This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
EUR/NZD Full Analysis And Short Setup Available 2 Catch 300 PipsThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
EUR/NZD Next move IMOEUR NZD has made a bullish channel since 5 days and recently It got rejected from upper trendline.
The rejected has been made in past from the same nearest point by this resistance.
On long term plan we are bullish all the way. But we can take a small sell opportunity here and wait for the evidence and next possible move on next support.
What are your views about eur/nzd?
But this could change the trend?
Note: Always Do Your Own Research & Manage Your Risk Reward Ratio
(This Is not a financial advice) This is only for educational support