EURNZD Market Outlook | Daily Forex Market BreakdownEURNZD
We have been stuck in consolidation. Bit of bullish movement. Looks like we might not have enough steam to continue pushing up just yet. So we could keep falling lower. I believe that we will be finding support soon and we will start climbing back to the upside, but not just yet. Definitely keeping a close watch on EURNZD
Eurnzdforecast
EUR/NZD: Daytrade-Opportunity#1Hey tradomaniacs,
welcome to another free signal!
Important: Wait for the break above the horizontal resistance and buy after retest and rejection.
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Type: Daytrade
Market Buy: 1,66900
Stop-Loss: 1,66330
Target 1: 1,67550
Target 2: 1,68060
Target 3: 1,68400
Stop-Loss: 57 pips
Risk: 1-2%
Risk-Reward: 2,59
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LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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Any questions? PM me. :-)
EURNZD Market Outlook | Daily Forex Market BreakdownEURNZD
Looking at EN now still pushing down because of NZD strength. Our previous short from about 9 weeks ago is now +1000 pips. I hope you learned how powerful taking partial profits while trailing your stop loss properly can be. This is why I love swing trading, that being said I feel swing trading paired with taking intraday set ups is even better.
I do believe that EURNZD is over extended and I believe that we should be slowing down soon. Although I think we may even come all the way down to retest 1.65 before that happens. Keeping a very close watch on this pair, after such a colossal push to the downside I am anticipating a retracement should occur within the near future.
Still going to wait patiently there has been no true signs of a reversal just yet. I feel we are going to push lower to 1.65 and if we reject hard of that support we could pull back to 1.70 and maybe even higher.
EURNZD Market Outlook | Daily Forex Market BreakdownEURNZD
HAPPY HOLIDAYS!
Not much movement at all today which is to be expected. I do believe we could be bottoming out soon. It is still too early to tell. Again this is why swing trading is so powerful, from our previous EN short we are now nearly +1000 pips on a single trade. Swing trading paired with intraday hedging can increase your profits substantially. If I see any changes in the current market conditions I will update you all as always!
Again happy holidays remember to spend time with loved ones doing what you love to do!
EURNZD Market Outlook | Daily Forex Market BreakdownEURNZD
Still just melting to the downside. Our previous short is now nearly 1,000 pips in the profit. This shows how powerful swing trading can be. Just free falling for the moment. I do believe that it should find support soon but it is still too early to tell. Still I am keeping a sharp eye out for reversals.
EUR/NZD ANALYSISHi trader :) I'm Guario and this is a forecast about EUR/NZD possible future price action. As we can see from the chart the pair as just reached the volumetric zone of 1.6893 along with a BAT pattern formation and a MACD occult divergence which both give bullish signals. Look at the chart for possible entry, stop and target levels. Write me in the comments for any question, thought or critic. Good luck :)
EUR/NZD 15/2/2019EUR/NZD 15/2/2019
Viewpoint so far..
A Number of possible scenarios this week for this pair which I have tried to break down and leave as clean as possible. Firstly the SELL around the 1.71 area with a large cluster of confluences looming over that level. But that is my main focus for the pair this week. My personal bias is a break below this lower trendline and to get a retest in the 1.69 region (Maybe a little lower) to then take a SELL as we head Lower towards a number of BUY zones I have marked up. The most important one being around the 1.67 area which is a strong weekly EMA leading me to expect a small pullback at the least from this region.
DATA THIS WEEK
Monday
EU PMI 8:30/9:00
Tuesday
RBA Meeting minutes (AUD can Drag NZD) 00:30
Wednesday
ECB President Speech 8:30
Thursday
AUD Unemployment 00:30
Friday
N/A
CONFLUENCES I USE
FIBONACCI
TREND LINE
EMA
!!TECHNICAL ANALYSIS KEY!!
GREEN - BUY AREA/ZONE
RED- SELL AREA/ZONE
PURPLE - POINTS OF INTEREST/ AWAITING PRICE ACTION
EURNZD Market Outlook | Daily Forex Market BreakdownEURNZD
Pushing up a bit, I would like to see us come back down and reject off 1.69 if we can see some strong bullish pressure we might be able to break and close above 1.70, If we do see a push past 1.70 we could see EN rocket to the upside quite a bit.
EURNZD 650 pips longHi there,
I'm sharing this interesting long term trade idea on EURNZD pair. We have two solid intact trendline on this pair Ascending and descending trend line. This particular trade is based on the ascending trendline which is intact since 2017 and agian we have seen a nice bounce from the trend line and from a major level. We can already see a bullish reversal on a smaller timeframe and I'm anticipating the same on the higher time frame.
Trade war and uncertainities should continue to drag Aussies and Kiwis while Euro should gain some strength in coming days as it has been rock bottom (Dead Cat) for some time now.
I have marked the tp and sl for you as well. Remember this is not a short term trade and it may take good few weeks before reaching closer to tp. Please use the correct risk manangement.
Any questions? Just ask.
Let me know your thoughts.
Trade safe and good luck.
EURNZD forecast on dailyNote : EURNZD has the potential to go up for 650 pips
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
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Thank you for your support ;)
GWBFX
EURNZD Market Outlook | Daily Forex Market BreakdownEURNZD
EN looking like we may be climbing to the upside. Choppy movement with EN recently, that being said right now it is looking like a good long. If we sustain above 1.70 we could start climbing up to 1.71 and higher. I will be looking for a pull back for clean entries. I feel if we could get a strong bullish 2 hour candle we could see this pair really take off! This could turn into a long term trade. Keep in mind that overall we are bearish, but I am favoring upside movement
EURNZD Market Outlook | Daily Forex Market BreakdownEURNZD
Still holding previous shorts for over 613+ pips. Coming down to an area of support looking like we are slowing down.
We look like we could be bottoming out. It may be time to take a hedge long trade.
I do believe we still could come down and test 1.70 which I have been calling for some time now, giving us a clean entry for a long.
It is looking good. Watching very carefully.