Hi Seildev here, I'll be closely monitoring EUR/NZD over the next 48 hours.If daily close above 1.54000 then look for buy - Nice doji candle formed last Friday 23rd/June - Resistance channel working as support since Jul-16 - 1.54000 Psychological level and acted as resistance to the most recent structure - Fib at 50% from low 8th/Feb to High 19th/May - RSI low...
1. 4HR Divergence 2. EMA 50 confluence on 4HR 3. Big consolidation on 1HR 4. Daily Trend line break down and retested
My brief Daily EUR.NZD chart analysis. I will be updating this pair as we progress to give a clearer insight into what i'm watching. Sell stop order is currently in place.
Short for EURNZD on continuation of macro trend, targets at previous points of support.
This pair is now offering new opportunities to join the bulls. We can look for buy setups as long as the last low is holding. Now any pullback is an opportunity to go long. Remember that we might see two types of correction Flat correction or Double wave correction Regardless of how things will happen, bottom line is - as long as 1.5230 holds, we are after buys.
Hey guys another setup for when the market opens. The idea is to buy the Breakout of the flag since i am expecting the bigger structure to be a running flat and then we can aim for the 270 however like i mentioned in the previous post, i shall be taking my profits out at the 3:1.
Still in a down trend, but trying to fill April's price gap (boxed segment). 4h chart. Should see a bounce up when this gap is filled, if not before.
It seems that we have a strong bullish shark pattern in EURNZD and the last candle show its agreement...
Reaching big support, expecting a correction of the fall.
D1 - We have bearish divergence followed by bearish convergence, a classical setup. Currently pair is under bullish pressure from the bullish divergence and we should see a correction up. H4 - Bears are under a lot of pressure put by bullish divergence. We can start looking for buys once we see a break above 1.54. In this scenario, suitable strategies would be...
Hey traders, On the EURNZD we can see that we are getting closer and closer to the gap that formed a few weeks ago after the weekend. What usually happens is that these gaps turn into a great support area. Combined with the 61.8% Fibonacci retracement on the bigger timeframe, this seems like a nice setup. Cheers!
the market has been trending down for a while on 4 hr time frame....recently has been in a nice descending channel on 1 hr....previous double top (yellow bubble) (notice rsi downward divergence and upward movement on chart inside of yellow bubble) looking for shorting opportunity around 1.514142 (61.8) looking for possible evening star pattern or engulfing...
The pair is forming a termination pattern which could mean a major correction of a downtrend or a complete reversal. The downtrend becomes exhausted and the price is less volatile. Therefore price behaviour is featured by small up and down moves, which finally resolve up. However, it is reasonable to wait for a breakout from the current pattern and a small...
Looking at the EURNZD pair, we can see the pair has now broken through the trend line. Looking at the A.O indicator, we can also see Bullish Divergence . The pair broke above, and closed above the trend line and is now currently retesting the trend line, after bouncing off the 78.6 fib level.
Here is my EURNZD view. I see a beautiful AB=CD pattern that would also complete an 1-2-3-4-5 Eliott Waves Pattern. On smaller timeframe we can also see another AB=CD pattern. Bollinger band is also oversold on mutiple timeframe. It is also a strong supply and demand.