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New Zealand Dollar/Euro

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NZDEUR trade ideas

EURNZD💡Chart analysis of the EUR/NZD currency pair (daily timeframe). Retest: After the breakout, the price returned to test the broken area (structure + trend) — this is considered a classic scenario for resuming movement in the direction of the breakout. However, in this analysis, the bullish scenario is favored, provided a confirmation pattern is established. The MACD indicator is in a relatively neutral zone, awaiting a new bullish signal. ⛔️Not investment advice for educational purposes only.
by Adhamcurrency
OPPORTUNITY FOR SELL EURNZDWe have identified the following indicators for the SELL opportunity: • Low volume, suggesting a potential reversal from the current direction. • Reflection from the top of the parallel channel. • Return/re-test to the 3M high and 1M high. We have defined 3 target points (TPs): TP 1 = 80 pips TP 2 = 200 pips TP 3 = 400 pips *** Please pay attention to the scenarios from 2015 and 2020, when there were extreme peaks. However, these peaks were temporary, and it’s a matter of good money management, only.
Short
by FXStrongbest