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Eurnzdbuy

EURNZD on major support, prepare for a bounceEURNZD is in major fractal support, strong possibility of a bounce occurring. Buy above 1.6818. Stop loss at 1.6716. Take profit at 1.7094. Reason for the trading strategy (technically): Price is testing and has bounced off major support at 1.6818 (Fibonacci retracement, horizontal swiung low support, ascending support, bullish harmonic formation) and a strong bounce could occur at this level to push price all the way up to 1.7094 resistance (Fibonacci extension, horizontal swing high resistance). We do have to be wary of our intermediate resistance at 1.6973 (Fibonacci retracement, horizontal pullback resistance). Stochastic (89,5,3) is seeing strong support above 1.1% where a corresponding bounce could occur.
Long
by MEX_Exchange
3
2618: following the bigger trend on EURNZDHey guys, EURNZD is in a very strong upward trend, you can see that by looking at the daily chart over the last month or so. A series of higher lows and higher highs certifies that trend and i want to take advantage of that by looking at long opportunities down on the lower timeframes, but only in the zones that i think are most important, like daily structure. Here you can see a yellow box representing a big structure zone that i'm paying attention to. Here, on the hourly chart, price went oversold and created a double bottom followed by a break of structure to the upside. This creates the condition for a 2618 trade and i'm taking this long if price will retrace at that level (blue line), with stops and targets as shown above. If you have any idea/question, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1
EUR/NZD BUYOpportunity BUY EUR/NZD Fundamentals Recently Data in the Eurozone has been improving and there is much talk about when the ECB will start the process of tapering their QE program. Although inflation figures can be misleading to the untrained eye it is important to focus on what the Central Bank is Basing it's decisions on. Inflation increased by 1.3% in June a slightly lower figure than the months before but if you remove the volatile prices of energy, Alcohol and tabbaco then core inflation went up to 1.1% from 0.9% in May. These will be the figures the ECB will be making policy decisions from making the EURO A strong currency at the moment. There are plenty of weak currencies out there to match the Euro against however a lot of them have already had a good bullish run and possible looking at consolidation. The calendar next week picks the NZD as potentially weak, albeit it might be short term it is enough to tern a profit. The GDT index came in weaker last week which is 20% of New Zealands GDP and Monday evening is to see the release of CPI q/q expected to drop from 1.0% to 0.2% which could cause a temporary sell of in the NZD. Technicals Their is a good level of support for this currency pair at the 15550 level which is also a 50% fibonacci retracment level from the trend reversal at 15460. This would be a good place to enter with a target at the most recent peak of 15850 and a stop loss around the 15500 level. Trade Management The 161.80 extension from 15550 brings us an initial take profit or stop loss move level of 15700 so we will be possibly looking to make changes at this point. If NZD CPI comes in better than expected then this trade set up will be void.
Long
by FreeForexSignals4u
EURNZD Showing A 550 Pip MoveEURNZD has been in a downward channel for a while now. Currently its very close to either reverse in a nice wave back up or a smaller correction wave up. Both scenarios can make nice pips and in the best case of a reversal we can see a possible 550 pips. Also the price is touching a nice support zone right now. Please Note however that due to the huge swings in eurnzd this is a high risk trade. Entry: CMP Take Profit: 1.5730 > 1.5980 Stop: 1.5350
Long
by JoshFX1
My 1st Trade Idea: Buy EURNZD Based on 4H + 1D ChartsNote: My charts are usually very messy, so I've re-done it and removed a lot of unnecessary indicators etc so you get the overall idea. 1D chart shows a nice clean uptrend on the EURNZD consisting of HL and HH, 4H chart confirms the last candle closed on the EMA200 line, which is also the lower channel of the uptrend (conservative entry would be waiting for a bullish 4H candle). The 1H chart also shows a bullish hammer is completed. Please do your own analysis, this is just my opinion of a possible trade entry I am considering. 1.57690 is a major support=resistance which is the exact position price was rejected and formed hammer pattern in 1H chart. However, we are still below 1.5800 which is also another major support=resistance - one could say, this is a support/resistance channel which we must break above to confirm continuation of bullish movement. Please share your views and opinions below :)
Long
by AEFX786
2618 trade setup on EURNZDHi guys, this evening i want to share with you a nice setup on EURNZD. The black line represents a daily structure level that should act as support: indeed, price failed to break that level and instead it has created a double bottom with RSI divergence. Then, price also broke to the upside the neckline and it's now pulling back to 618 retracement that seems to hold. According to the 2618 strategy we can buy here and have our first target at the retest of the highs, with stops below 1,52 level. Target2 to be determined. If you want to share your view or ask questions, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1
2618 on EURNZDHi guys, this evening i want to share with you a nice setup on EURNZD. The black line represents a daily structure level that should act as support: indeed, price failed to break that level and instead it has created a double bottom with RSI divergence. Then, price also broke to the upside the neckline and it's now pulling back to 618 retracement that seems to hold. According to the 2618 strategy we can buy here and have our first target at the retest of the highs, with stops below 1,52 level. Target2 to be determined. If you want to share your view or ask questions, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1
2