EURNZD is reaching a weekly demand zone and has a confirmation bullish pin off of the 1 hr time frame.
Note the hammer candle that pinned the trend line on the daily time frame. Price is just below the 200ema and the candle from Friday kissed the MA perfectly. 1. Price needs to print a bullish candle for today 2. 200ema needs to be broken to the up side 3. Using H4 for entry can be beneficial for a better risk to reward ratio
this is what i am look for this coming week on this pair. thanks
EUR NZD 2018-10- 18 h4 BUY 1.7491 STOP LOSS 1.7420 TP : 1.7550 TP : 1.7580 Volume 2%
please like, comment and follow. see previous analysis below thanks
my last analysis of this went quite well. same as before i am still expecting a general downward movement for the pair please like, comment and follow for more :) see previous analysis also
Price broke in the past few weeks a strong resistance, and now it came back for a retest. Made two strong attempts to go down and was throw back up. Broke the downtrend line with a strong engulfing candle. I`m going long when price break the highest price of the last candle.
A potential big drop is currently imminent on EUR/NZD. *Important: To enter this move, wait for the breakout of 1.77 and the resistence under it. If it does not break this level, then this trade is invalid. Once broken and the resistence found underneath it, it can go anywere near 1.74 Trade safe.
...short term 24h trade to much overbought in daily and h4 nzd undervalued since 1 week 50 pips minimum to take
EURNZD have rallied quite sharply from past few weeks, i am expecting it to retest the highs around 1.7470 area. Since momentum is still intact with the price action so i would recommend to play long. Have a great weekend!
EURNZD looks create a good bullish flag pattern.
EUR/NZD testing the downtrend line and seems like the upside is limited and a possible correction is setting up. Short term momentum indicators support the view as well. If it forms a linear compression here, i'd recommend to look for sell setups for a target to 1.7100 or so. Happy Trading.
Looking for a short term pullback in EURNZD, watchout for the break of white line, stop above the highs whilst target 1.6970. However there is scope for more upside, this is just a pullback trade. Happy Trading.
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Hi Traders ! A Clear breakout And a retest to trendline . Amzaing Oppurtunity for short . Lets Ride (For Exact Entriers And Tp Join Our Premium Community . Only 97$ for Life Time)
i am long on eurnzd because nzd outperform amid bad chinese inflation and PPI also he is on a long term up t - line so i try a long at 1.6735 for a first target of 1.6800 psycholigical level = 65 pips
First of all, price almost hit the 61,8% fib retracement. Then broke the upwards trendline. After that it came back to re-test it and created a double top. My take profits is 1.66313, and i will cut the lose if it close above 1.71019. Let me know what you think about this!
i short it due to ubeat nzd pmi and market do opposite as all time but it will back to the normality sooon