EURNZD - ReversalsThis pair needs to attempt to make a reversal just below the previous low at the daily ATR level. I have illustrated what I think will happen.
Eurnzdlong
EURNZD Long Trade IdeaHey traders, here is the analysis for the EURNZD. NOTE - Please do your own analysis before taking the trade. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
EUR/NZD - LONG3 touch descending channel, trading the first bull flag pattern. Set my order on the breakout. First target is the beginning of the descending pattern.
EURNZD: LONG Idea breaking the Main DESCENDING CHANNELHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis , support the idea with a big LIKE 👍 and don't forget to SUBSCRIBE my channel, you won't miss anything!
TECHNICAL ANALYSIS:
Since the end of December, the price started following a clear descending channel, bouncing many times on the dynamic channel S/R level.
Few days ago, on the 8th of January, the price reached an important dynamic support that we can definitely see in the daily chart perspective, the market in fact is moving inside a huge falling wedge pattern and the support rejected and inverted the price again.
The price then broke the descending channel and now it seems is starting a new uptrend.
CONCLUSION:
In the daily perspective, the falling wedge pattern is perfectly working, the price is bouncing inside as expected.
The momentum is slowly increasing and the RSI in the daily perspective is clearly showing us a nice convergence, just around this important level.
I believe the price will definitely move up and my next target is the level 1.70500
Stay tuned for updates!
What's your opinion? Share your idea writing a comment!
Trade Safe and Responsibly
Gianni
EURNZD Buy a break setup.EURNZD - Intraday - We look to Buy a break of 1.6983 (stop at 1.6949)
Dips continue to attract buyers.
The bias is to break to the upside.
A break of 1.6980 is needed to confirm follow through bullish momentum.
Pivot support is at 1.6863.
Levels below 1.7000 continue to attract buyers.
Short term MACD is moving higher.
Price action looks to be forming a bottom.
Our profit targets will be 1.7088 and 1.7154
Resistance: 1.6950 / 1.6980 / 1.7000
Support: 1.6900 / 1.6850 / 1.6800
Bullish Butterfly PatternAUDCHF BULLISH BUTTERFLY PATTERN
Market Buy Order Set Up.
Buy Entry: (1.68750)
Take-Profit 1: (1.70360)
Take-Profit 2: (1.71545)
Stop-Loss: (1.68005)
Max Risk-Reward: (3.75)
Smash a Like button and leave a Comment, I appreciate every support. Goodluck.
EUR/NZD going long once price retest 1.68634EUR/NZD price going LONG once price retest the support zone at 1.68634 and brea through the trend line .
EURNZD Buy a break setup.EURNZD - Intraday - We look to Buy a break of 1.6982 (stop at 1.6949)
Dips continue to attract buyers.
A higher correction is expected.
A break of 1.6980 is needed to confirm follow through bullish momentum. Pivot support is at 1.6947.
Levels below 1.7000 continue to attract buyers.
Short term MACD is moving higher.
Our profit targets will be 1.7079 and 1.7154
Resistance: 1.6940 / 1.6980 / 1.7000
Support: 1.6900 / 1.6850 / 1.6800
EURNZD buy swing trade ideaEURNZD go all the way bearish and break the structure on the daily time frame as well. Now price has to retest that level and provide some bullish movement from here.
So buy would be a good option but it would be a risky one.
This is not financial advice. It is just an idea and market can go in the opposite way as well.
EurNzd over 90 pips LONG easyTake this trade and manage well. proper risk management is key. good luck! Like and follow for more
EURNZD Buy the bottom.EURNZD - Intraday - We look to Buy at 1.6988 (stop at 1.6955)
Dips continue to attract buyers.
We look to buy dips.
Dip buying offers good risk/reward.
Pivot support is at 1.6947.
Levels below 1.7000 continue to attract buyers.
Short term MACD is moving higher.
Our profit targets will be 1.7088 and 1.7154
Resistance: 1.7050 / 1.7100 / 1.7160
Support: 1.7000 / 1.6950 / 1.6900
EURNZD - Buy the dip.EURNZD - Intraday - We look to Buy at 1.6988 (stop at 1.6955)
Dips continue to attract buyers.
We look to buy dips.
Dip buying offers good risk/reward.
Pivot support is at 1.6947.
Levels below 1.7000 continue to attract buyers.
Short term MACD is moving higher.
Our profit targets will be 1.7088 and 1.7154
Resistance: 1.7050 / 1.7100 / 1.7160
Support: 1.7000 / 1.6950 / 1.6900
EurNzd- to see range trading?Undoubtedly Nzd alongside Aud was one of the strongest currencies at the end of 2020...
With its Euro counterpart though, after finding a bottom and reversing at the beginning of December, Nzd found strength again but didn't manage to clearly make a new low under 1.6950, instead it confirmed this support and put in a tweezer bottom candle formation on the last trading day of 2020.
I consider 1.6900-1.6950 strong support and EurNzd can start trading in a range with resistance around 1.73 zone.
I'm bullish on this pair and only a clear drop under 1.69 would change my opinion
EURNZD - Range Needs BreakingFrom a higher timeframe perspective, this pair has been travelling between a wide range.
When the market creates ranges it also accumulates orders at supply and demand regions.
I believe we may see a scoop below the previous support then a re-entry into the range, as illustrated.
EURNZD (Daily) LONG IDEA: Bounce on the MAIN WEEKLY TRENDLINE!POTENZIAL PROFIT: UP TO 350 PIPS
TECHNICAL ANALYSIS:
-Since the end of March, the market had been following a strong downtrend, breaking the ema 50 on the 1st of June, bouncing on a daily support zone at about 1.72062.
-The support zone rejected the price, reversing the trend as a trend correction. (the failed attempt to retest the support level at the end of July, confirmed the new uptrend)
-Since the beginning of September until the end of October, the price has been following a side trend, bouncing many times on an important weekly resistance zone, before collapsing down in a long downtrend.
CONCLUSION:
The price bounced on the weekly trendline support and it's moving also around a daily resistance.
It's actually getting strenght enought to start a new uptrend trying to reach the resistance level.
I'd entry long if the price break the level at 1.74000 and I'll get one more confirmation about the new uptrend.
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EURNZD Long almost cooked upWait for the retest of the bright blue-green declining trendline on the 1HR chart and enter on success
Looks clean, initial TP will be at the previous swing highs as indicated
Depending on momentum at this point may leave in 30% to try to run higher as the shape height suggests the TP should be nice and high
Stops just below a key SR level, not risking more than a couple % of my account!
Lets run it...
EURNZD - Rocket TimeI took this trade with the team before Christmas and it is now beginning to flourish. You will notice that price bounced from a prior support zone and has now shifted structure, this is a good indicator that bulls could be ready to take over.
EURNZD ANALYSISEURNZD ANALYSIS
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