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Eurnzddaily

Short EURNZD Longterm Based on 1D Chart H&S PatternOur EURNZD Long was based on trend continuation + indicators, however, we played it against a forming H&S pattern, which has now completed on the daily chart. Our Long has not stopped out so I will be keeping my Long open in case of a recovery and continue to monitor the situation. However, if my short does get triggered then I will favour the H&S and may decide to close my Long to avoid further losses. Trade safe guys and best of luck! This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.
Short
by AEFX786
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
EURNZD: Awaiting Confirmation to SellApart from the yen, I don’t trade currency crosses very often. The price action can be choppy, and the spreads can sometimes be problematic if you aren’t careful. However, if used sparingly, a cross like the EURNZD can offer opportunities where the potential reward is well worth the risk. Last week’s move may have given us one such opportunity. Within the first 48 hours of activity last week, the pair traded to a high of 1.5483. The last time the Euro cross hit this mark was during the U.S. elections spike on November 9th of last year. From the intraday charts, it looked as though buyers were determined to push prices even higher. But by the March 28th close, those same buyers had retreated in a way that they carved out a bearish pin bar from the 1.5450 resistance area. The next three sessions were met with enough selling pressure to rechallenge 1.5215 support. In fact, Friday appears to have broken this level, which was instrumental in triggering the March 21st advance. But there is one important question that needs answering before I’ll be ready to call this a confirmed setup. Did last Friday break support at 1.5210? If it did, we should see today’s session close (5 pm EST) below this area. If on the other hand, the pair closes today back above 1.5210, I’ll stand aside to see what comes of the next 24 to 48 hours. One reason I need additional confirmation is that Friday was the last day of March as well as the end of the first quarter of 2017. For the uninitiated, the price action from these sessions can sometimes be unreliable, particularly when it lands on a Friday as volume tends to dry up. As always, I’m in no hurry to trade the pair. But with more than 200 pips to the next key support at 1.50, the EURNZD is certainly one I’ll continue to watch.
Short
by Daily-Price-Action
Nice opportunity on EURNZDHey guys, this analysis is going to be long, but i want to explain how i view the market and i do my top down analysis. As we can see on the left, we recently broke and closed below an important structure level (blue line) and this means we are in a downtrend. Our bias now is bearsih, and we want to be involved in a short position. Nonetheless, we can't set a limit order there and wait for it to be triggered, this way we are going to go broke after few days. What we can do is identify possible reversal zones and wait for price to enter and give us a reason for entry in a short direction. As a structure trader, the two level i look for are the broke support and the last resistance; the broken support didn't give us any reason for entry and so we wait for price to enter the last resistance zone, so that we can have a very nice risk to reward in this trade. As price enters the reversal zone (grey box) i use my trading timeframe in order to search for short opportunities (1hr and 4hr). On the right there's the 4hr chart and we instantly set the "alert" mode ON, because we can see two long wicks that are saying us the selling pressure is there. In addition to that, we can see the RSI divergence at the bottom signaling bull's fuel is finishing. So we have more conditions all pointing in the same direction (down) but i want to be sure i want to wait for a candlestick pattern. That's why i'm going to short the market if and only if the actual candle will be engulfing. This multiframe analysis allows you to have a better grasp on the market. I hope this looong analysis helped you in someway and let you understand my trading philosophy based on structure. Reading a chart puts you a step forward. Don't forget to ask questions below if you have any doubt. In the meantime, i wish you a merry christmas and a pleasant holiday time. See you in the next chart!
Short
by Roker1
3
(EURNZD) Daily - Speculation and AnalysisWe have a bullish Flag in daily time frame, buying after a break out. --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Liability Disclaimer : All trades posted here are my personal view of the market. If your planning to use them as signal, do your own research first and you are responsible for your own entries, exit, profit and loss management. --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- - Improve you trade accuracy using Mongers Kit Mongers Kit is complete traders toolbox, with all the data and news you need to have successful trades. Mongers Kit is packed with features such as : 1) order flows in real time. 2) current open positions from 4 different brokers. 3) real time news update. 4) T.V and Radio to your favourite channels (Blomberg, CNN, ABC, etc). 5) Dynamic sessions - see all the rises and falls in each session. and much more, get your kit now at www.mongerskit.com If your my follower, you get 20% discount on your purchase of Mongers Kit. Contact me for more details.
Long
by Tradesmanship
2
EURNZD - Long Positon For Atleast 1200 PipsBased on AB=CD pattern , Time Ratio & Gann Analysis, It's a potential long position for at-least 1200 pips. In a low time-frame (4hrs) this long position is also conformed for at-least 800 Pips. TP & SL are mentioned in the chart. Adjust your Stop Loss according to your lot size, account equity ,strategy & money management. ***If you want to get in this trade from this point or 1.51400, you can still catch 800 pips till TP1 is reached, however there is still a possible move down towards my ideal entry point., It is recommended to enter with a smaller lot size if you want to go long right away & manage your stop loss accordingly. Good Luck.! * This is my personal view and analysis on this chart. If you follow this idea please plan your trade according to your lot size and account equity. Don't forget to like, If you like my analysis :)
Long
by Jaffery