EURNZD LONG - Buy Entry - D1 ChartEURNZD LONG - Buy Entry - D1 Chart
Buy @ Market
Symbol: EURNZD
Timeframe: D1
Type: BUY
Entry Price: Buy @ Market
Resistance @ 1.68857
Pivot Point Yearly @ 1.66141
Resistance @ 1.65798
Resistance @ 1.63424
Resistance @ 1.60587
Support @ 1.59260
Support @ 1.57811
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Eurnzdlong
EURNZD | Live position | UpdateWe are currently in 200pips profit as price action moved exactly as projected in our analysis yesterday (see link below for reference purposes). Let us continue to watch and see if price action has the tendency of moving further up in the next couple of days... cheers!
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks 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.
💡Don't miss the great buy opportunity in EURNZDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.5857).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURNZD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 71.
Take Profits:
TP1= @ 1.5963
TP2= @ 1.6043
TP3= @ 1.6111
TP4= @ 1.6164
TP5= @ 1.6317
SL= Break below S2
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💡Don't miss the great buy opportunity in EURNZDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.5857).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURNZD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 69.
Take Profits:
TP1= @ 1.5963
TP2= @ 1.6043
TP3= @ 1.6111
TP4= @ 1.6164
TP5= @ 1.6317
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
EURNZD | Approaching to Support ZoneEURNZD has been in bearish trend and making lower highs and lower lows on daily timeframe. The current price action is approaching to support zone which were tested early in this month.
The another barometer for the bullish trend is the falling trendline.
Trade your levels accordingly.
EURNZD LONG - Buy Entry - H4 ChartEURNZD LONG - Buy Entry - H4 Chart
Buy @ Market
Symbol: EURNZD
Timeframe: H4
Type: BUY
Entry Price: Buy @ Market
PP Y1 @ 1.6612 - TP - Resistance @ 1.66070
PP Y1 - Pivot Point Yearly @ 1.6612
TP - BE - Resistance @ 1.63006
W! Support @ 1.59604
MN Support @ 1.569415
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EURNZD | Support on Fib LevelEURNZD has given a reversal from 1.56400 level and move more than 600 pips from there. The pair has been retracing to fib level 0.382. We are expecting bulls will take charge from there and push the price to 1.64000 initially.
Alternatively, the bears will be active if it manages to break the support zone and trade below it.
Trade your levels accordingly.
EURNZD - Buy Entry - H4 ChartEURNZD - Buy Entry - H4 Chart
Buy @ Market
Symbol: EURNZD
Timeframe: H4
Type: BUY
Entry Price: Buy @ Market
TP - Resistance @ 1.66070 - Yearly Pivot Point @ 1.6612
TP - BE - Resistance @ 1.63887
Support @ 1.59604
EURNZD LONG - Buy Entry - H4 ChartEURNZD LONG - Buy Entry - H4 Chart
Buy @ Market
Symbol: EURNZD
Timeframe: H4
Type: BUY
Entry Price: Buy @ Market
Major Resistance @ 1.66070
Major Resistance @ 1.64134
Major Support @ 1.599746
Major Support @ 1.569415
EURNZD LONG OPPORTUNITYMarket Structure is KING!
Hey, if you like this idea be sure to support with a like and a follow.
Here is my analysis for EURNZD for the upcoming week, wait for price to pullback to retest resistance and take a short down to the next DEMAND area than look to go long.
What are your thoughts? Leave it in the comments below!
Blue Signal FX Rules-Based Trading
1. CHECK THE NEWS!
2. WHAT IS THE OVERALL TREND? Market structure will give you direction.
3. IS PRICE AT A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)?
4. IS PRICE APPROACHING A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)?
5. ARE YOU TRADING WITH THE TREND OR AGAINST THE TREND (MAKE SURE YOU ONLY TRADE AGAINST THE TREND ON THE 4HR TIME-FRAME AND ABOVE.
6. CHECK FOR DIVERGENCE.
EURNZD create bullish patternEURNZD create strong bullish divergence in 4hrs. On the other hand in daily its now at over sold with hidden bullish divergence; So i anticipated EN will bullish!
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.