As idle cash looks to find a strong and secure yield, it is no wonder that the New Zealand Dollar has benefited from the current Euro-Zone crisis. Pairs such as the Australian Dollar and New Zealand Dollar are often viewed as a proxy for Chinese growth and thus have performed well against the Euro in recent years. Although Chinese growth may become a cause for...
ERUNZD is loosing momentum for down wave, expect this pair to make an up move soon. We are expecting this pair to go up sharp, it can continue to push down slowly but it wont change anything for us we are looking for buy setups only. Now, after experimenting all the technical analysis techniques over the past 8+ years, i.e. Dow theory, Elliott wave theory,...
EURNZD (H4-28 / 5/2020) Can buy wave feed (c)
After hitting my 61.8 fib level, we caught a MASSIVE drop and have secured 235 pips on EURNZD. However, I can see it dropping until the next support at 1.6590 as said in my previous ideas on this pair, before we see a possible bounce. That's a total of +300 pips!
We have got a bulling divergence here to go long in EurNzd pair. Buy around 1.6480 level with Sl 1.6280 and Tp1 1.6700 & Tp2 1.7000 ... Must use money management and SL Good Luck....