Eurnzdlong
EURNZD - Support Hunt Now that is pair has performed a stop loss hunt at the supportive level, I would expect it to want to push up aggressively from here.
EURNZD Intraday Setup.EURNZD - Intraday - We look to Buy a break of 1.7366 (stop at 1.7319)
Setbacks should be limited to yesterday's low.
We look to buy dips.
We look for a temporary move higher.
We look for gains to be extended today.
1.7162 continues to hold back the bulls.
A break of 1.7360 is needed to confirm follow through bullish momentum.
Our profit targets will be 1.7497 and 1.7577
Resistance: 1.7360 / 1.7400 / 1.7500
Support: 1.7300 / 1.7255 / 1.7200
EUR/NZD Technical Analysis
The counter was in a strong downtrend and it broke long-term support at 1.71435.
Unable to sustain the breakdown, it has recovered with a V-shape rally.
We expect a short-covering rally in the counter.
EurNzd- trend reversal or just correction?Nzd had quite a run in the past 3 weeks, with EurNzd falling almost 1000 pips from 1.8 to 1.7050.
The important psychological 1.7 support is marked also by a piercing candle formation and should be well defended by bulls in the future.
I expect this bull run to continue to at least 1.75 and dips under 1.72 should be bought in search of a good R:R trade
EURNZDon H4 TF we have a clear Demand level
H1 TF we have a break of market Structure (BOS)
We have a 5 & 13 ema Cross.
Risk is 70 pips
TP is Next H4 Supply Level. Reward 400pips +-
We also have a Point of Control on the Buy Limit order.
EURNZD Intraday Setup.EURNZD - Intraday - We look to Buy a break of 1.7166 (stop at 1.7138)
Setbacks should be limited to yesterday's low.
We look to buy dips.
We look for a temporary move higher.
Daily pivot is at 1.7162. 1.7162 continues to hold back the bears.
A break of 1.7160 is needed to confirm follow through bullish momentum.
Bullish divergence can be seen on the 4 hour chart (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher.
Our profit targets will be 1.7259 and 1.7289
Resistance: 1.7160 / 1.7200 / 1.7270
Support: 1.7130 / 1.7100 / 1.7060
EUR/NZD New Analysis And 250 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
eur/nzd buyhi traders,
price is now testing the bottom of structures within the 4H timeframe- i expect price to push up
