EURNZD EURNZD as we showed in our analysis from November 23, eurnzd will continue its upward trend first to the area 1.74800 then to the area 1.77000. because it rejected the trendline formed several weeks ago.
Eurnzdforecast
EURNZD Price in Demand Zoneprice in demand zone looks really good it can be a good swing trade
Long : 1.71
Stop : 1.695
Target : 1.73 , 1.75 , 1.78
EurNzd at confluence resistanceThe move from the past 4 weeks on EurNzd was fabulous with the pair sinking 1000 pips from 1.8 to 1.7
Yesterday the pair had a short dive under 1.7 but managed to recover above this important support.
At this point, we are just at confluence resistance and a break here could signal a much-needed correction.
In my opinion, dips around 1.7 should be bought and a long position in this zone could have a 1:3 R:R if we target the last congestion zone at 1.73
EURNZD WILL RISEAs we can see nzd bas become very strong so now i can expect it will fall as #EURNZD IS ON RESISTANCE so i am expecting a rise becaise this resistance is now support
If you like my idea than follow my channel
EURNZD - Buy setup almost readyEURNZD is aprroaching the bottom of a HTF flat channel structure in impulsive approach. It even breaking the bottom of the channel a bit. After that it rebound impulsively back into the channel. Usually It’s signaling for a fake move and the break is only to catch people on the wrongside of the market.. I’m anticipating for a move back top of the channel. So far, it has give a really good momentum to the upside. I will now anticipating the price to form a corrective structure.
Any break from any bullish continuation pattern now will trigger my buy entry with sl below the corrective structure with target back to the top of the structure up to 1.82700
Lets see how will this pair play out.
Good Luck
EURNZD - Updated chart (time to BUY)Our updated chart on EURNZD with key price levels and our stop loss and take profit
EURNZD- Approaching the major support at 1.688001.68800 will be a very hard-to-break level for EURNZD, possible reversal point
EURNZD | PERSPECTIVE FOR THE NEW WEEKAs price continues to respect bearish Trendline, Price hits key level @ 1.73500 area once again with tendencies of repeating the Bearish run that started on the 10th of Nov. 2020. This level which is also within 61.8% retracement of the last impulse leg gives more substance to my bearish bias with a projection of 127.2% extension.
Tendency: Downtrend ( Bearish )
Structure: Double Top | Support & Resistance | Trendline | AB = CD
Observation: i. As price continues to respect the major Trendline since Oct. 2020; we are at a juncture where it appears price might find it difficult to break 1.73500 which shall be my yardstick to follow or go against my bearish bias.
ii. Target is pegged at 127.2% extension of previous Impulse leg.
Trading plan: SELL confirmation with a minimum potential profit of 400 pips.
Risk/Reward: 1:5
Potential Duration: 1 to 5 days
NB: This speculation can be considered to make decisions on lower timeframes.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
EUR/NZD Technical Analysis
The counter was in a strong downtrend and it broke long-term support at 1.71435.
Unable to sustain the breakdown, it has recovered with a V-shape rally.
We expect a short-covering rally in the counter.
EurNzd- trend reversal or just correction?Nzd had quite a run in the past 3 weeks, with EurNzd falling almost 1000 pips from 1.8 to 1.7050.
The important psychological 1.7 support is marked also by a piercing candle formation and should be well defended by bulls in the future.
I expect this bull run to continue to at least 1.75 and dips under 1.72 should be bought in search of a good R:R trade
EUR/NZD Huge Buy opportunity - Don't missEUR/NZD Shows a clear Hammer/Bullish pin bar candle at this BIG Support level, i think it's a great time to BUY this pair.
Please give feedback in the comments
EURNZD It will break the triangle upward +160 PipsWelcome Back.
Please support this idea with LIKE if you find it useful.
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In the event that it continues to rise, this is considered a break of the marathon, so this break will be positive and it will move towards the upside to the resistance indicated on the chart.
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Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
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The information given is not a Financial Advice.
EurNzd- strong reversal from supportAs I said yesterday, EurNzd looks bullish with strong support around 1.75 zone.
The pair had a quick dive under this zone and reversed strongly to be traded around 1.76 at the time of writing
I maintain my first target of 1.78 for this pair and, if the day is closing with bullish engulfing we can see my target reached sooner rather than later
EurNzd- 1.75 is strong supportAfter reaching 1.8 important figure, EurNzd dropped fast and found support at 1.75 zone.
The pair si consolidating now just above this support and a new revisit of 1.78 resistance is probable.
I'm bullish on this pair as long as the price says above 1.75 on the daily close basis and buying dips is my strategy
