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Eurnzdsell

EURNZD Short - 1.6700 TargetEURNZD has broken some consolidation to the downside as both AUD and NZD pick up strength with great coronavirus handling and exports to Asia are picking up now that those parts of the world are re-opening. Even though Europe and the USA are struggling and consumer demand isn't as high, production countries such as Vietnam, Indonesia, China, Japan etc... will manufacture now while interest rates are cheap, labour is cheap, inputs are cheap and they will grow inventories for the future. So the raw materials that AUD and NZD economies send to these countries will be in high demand. I expect us to drop here!
Short
by Apex_Forex
1
EURNZD Buy Limit AnalysisHey Traders, I was doing my setups for this coming week, and I figured I would share this with you all. I will be placing a buy limit when markets open if this still looks positive. This analysis is based on Price Action, TDI indicator, and Volume. Information: Order type-Buy Limit Entry-1.83764 Take Profit-1.99331 Stop Loss-1.82729 R/R-1:15 On the 4h chart, we see a bullish pennant forming. This is one of my favorite patterns to trade as it allows me to get my stop loss as tight as possible. We also see a support level outlined in the neon purple that price has been respecting. Combined with the bullish pennant, it signals to me a move to the upward is next. Looking at my TDI indicator, I see a clear buy signal as the slow-moving ma is just now crossing over. What makes it a very strong signal is the fact that the crossover occurred below the 50 level, which indicates that a powerful move upward is coming. When a crossover occurs higher, it usually indicates a signal of less strength, according to my backtesting. Looking at my Volume Accumulation Percentage Indicator by Lazybear, I see that the bearish selling power is subsiding and that the bulls are gaining strength. I use this indicator primarily as a confirmation indicator to my TDI, which leads to fewer fakeouts. Use this as a trade idea only and trade off your analysis. Let me know what you think in the comments and leave alike. If you have any questions, ask below, and I will get back to you! C.D.
Long
by cdavis1992
1
EURNZD- Short from 50% Fibonacci, Key Resistance and TrendlineEURNZD is keenly approaching my Entry zone that lays at the 50% Fibonacci aligned with my key zone and the well respected Trendline. Upon the retest of these Technicals i'm going to go short. Tomorrow there is an interest rate decision coming from the ECB (European Central Bank) at 12.45 GMT, meaning you may want to be careful entering and maybe await a higher push to the upside before entering as it may wickfish early sellers. As the BOE and Fed cut interest rates this foreshadows the same to potentially occur with the ECB.
Short
by Kaidk
2