Eurnzdlong
EUR/NZD New Analysis And 500 Pips Are Waiting To Catch It 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
EurNzd- do we finally have a bottom?Since October, EurNzd dropped almost linearity and lost almost 1500 pips.
The beginning of the year found the pair in 1.66 zone strong support and, in my opinion, this is the bottom for now.
At the time of writing, EurNzd is trading at 1.6743 and dips towards 1.67 can be a good opportunity for building longs.
The target for bulls can be 1.7250 resistance and only a break under support would negate this bullish scenario
EURNZD Buy the uptrend.EURNZD - Intraday - We look to Buy at 1.6677 (stop at 1.6639)
The trend of higher lows is located at 1.6680.
Short term indicators have turned negative.
We look for a temporary move lower.
Bespoke support is located at 1.6670.
We look to buy dips.
Our profit targets will be 1.6793 and 1.6863
Resistance: 1.6820 / 1.6850 / 1.6900
Support: 1.6750 / 1.6710 / 1.6670
EURNZD Buy the uptrend.EURNZD - Intraday - We look to Buy at 1.6677 (stop at 1.6639)
The trend of higher lows is located at 1.6680.
Short term indicators have turned negative.
We look for a temporary move lower.
Bespoke support is located at 1.6670.
We look to buy dips.
Our profit targets will be 1.6793 and 1.6863
Resistance: 1.6760 / 1.6800 / 1.6820
Support: 1.6710 / 1.6670 / 1.6650
EurNzd- are "we" breaking up?Although the trend is grossly down for EurNzd, from the beginning of the year, the drop in the pair was marginal, forming a falling wedge.
A bottom seems to be in place at this point at 1.6650 zone and is marked by a double bottom on shorter time frames.
Now the pair is trading at 1.68 which is also the resistance of the wedge.
A break here would expose 1.7 zone and 1.73 furthermore (the target for the pattern)
Buying dips can be a good strategy for this pair
EURNZD Buy a break setup.EURNZD - Intraday - We look to Buy a break of 1.6791 (stop at 1.6756)
Daily pivot is at 1.6660.
Dips continue to attract buyers.
The RSI is trending higher.
Short term indicators have turned positive.
We look for gains to be extended today.
Our profit targets will be 1.6898 and 1.6948
Resistance: 1.6800 / 1.6850 / 1.6900
Support: 1.6730 / 1.6700 / 1.6670