Eurnzdlong
EURNZD to head bullish?Let me start off by saying this currency pair isn't my strong suite but if the confluences are there, hey. Go for it.
Okay.
I don't know if anyone else has noticed this but EURNZD has been trending since March 22nd this year. I used multiple timeframe analysis and well from the daily chart its just trending (said that already).
I also drew out some demand and supply zones. Price went down into my demand zone, formed a double bottom and it is likely to bounce off that zone and start heading bullish. If price doesn't start heading bullish now, it is likely to start from the 1.66600 psychological level.
Initially I was thinking price would bounce off the 1.67000 psychological level but price broke that level before forming a bullish engulfing candlestick on the 15m timeframe.
What do you think?
TRADING SETUP FOR EURNZD
EURNZD is currently approaching the daily support level. However, in the intraday timeframe, there is a very nice falling wedge which is a reversal structure.
Look for the opportunity to buy once the structure is broken and retested. Also, the formation of the double bottom on the support will add an extra trigger to BUY the market.
NB; once the price continues to fall below the yellow structure, the setup will be INVALID.
What's your opinion on EURNZD? Comment below...
Outlook on EURNZD: Pullback presents an opportunity to sellOn the monthly time frame, EURNZD remains under pressure with a breakout and re-test of its previous ascending support line. Looking at the H2 time frame, prices remain under pressure, holding well below its resistance zone at 1.69500 area, in line with the 50% fiboancci retracement. A pullback to test this area presents an opportunity to play the drop to the next support target at 1.6650 support zone .
EURNZD [H4] Price is still running in the H/L frameEURNZD Price is still running in the H/L frame,
so recommend when the price touches the support area 1.664 - 1.667 area.
Recommend entering a sell position at the support to expect the price to bounce back or Swing High again.
SL below support
Goodluck Trader
TonTrader | TamjaiTrader
🚀🚀🚀🚀🚀🚀
Long Vision on EUR NZD for 11/08/2021Hello Dear Traders,
You find below my analysis for EUR/NZD, the currency pair is in the buy zone. I expect the price to rise. According to my set of rules, in the M30 frame EUR/NZD will rise to 1.68 as I am showing in my chart. Our Daily Goal is 1.682.
Currently,EUR/NZD is moving towards the support level of 1.671 where there is some liquidity, from this value we are looking for short-term buying opportunities of EUR/NZD.
Good Luck and enjoy your Bullish Market for today.
Entry:@1.6708
TP1: @1.673
TP2: @1.676
TP3: @1.682
SL: @1.668
As mentioned on previous posting, we oscillate daily with the market based on Human Behavior and Sentiment.
Feel free to share your thoughts and opinions in the comment section below, I will be glad to discuss my friends!
EURNZD: Massive Rally in the WorksHello fellow risk-takers,
In the immediate preceding idea, which panned out perfectly, I mentioned how EURNZD is still very bullish but had to fall first to gather renewed momentum present at key support areas to break into new higher highs.
EURNZD has reached a VERY liquid support and ready to resume its rally. I expect the rally to be massive, immediate, and direct, in the coming days. The recent sell-off was not a reversal but an attempt to gather fresh bullish momentum at lower lows.
Although anything can happen, however, a rally is more probable than not.
Happy Trading
______
*This information is for entertainment purposes only and shouldn't be construed as investment advice.
EUR/NZD New Long Setup Available To Catch 200 For Free !This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
EUR/NZD:RANGE AREA|NEW REVERSAL OPPORTUNITY|LONG SETUP🔔Welcome back Traders, Investors, and Community!
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EURNZDHello Traders Welcome back to another profit day
If you like my idea please give me a like and comment, That's will be a great appreciation to do more predictions
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.
EURNZD on my view is buy with market imbalance
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
The information given is not a Financial Advice.
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have a good profit week guys