the eur is going to be weak on the following day and because of fundamental and sentiment data i'm going short for a swing trade on this pair
FX:EURNZD / BUTTERFLY COMPLETED
OANDA:EURNZD Short on structure break If the price pulls back up to previous high, short from there instead (upper purple rectangle) This trade will take a while to end Look to add to position during consolidation periods/breakout to the downside
Midterm forecast: There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 1.7115 would begin in Midterm. Trading suggestion: Price is in the Sell Zone (1.7295 to 1.7480). We would set sell orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Beginning of entry zone (1.7295)...
Midterm forecast: There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 1.7115 would begin in Midterm. Trading suggestion: Price is in the Sell Zone (1.7295 to 1.7480). We would set sell orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Beginning of entry zone (1.7295) Ending...
EURNZD has been showing mixed signals for months regarding direction, its still within a ranging zone on monthly and weekly. This pair is advisable to only trade ones a definitive direction is established in a breakout below the monthly support zone , else price will make way to retest the descending monthly inner cross trendline, before shorts move in heavily.
AUDNZD and EURNZD charts are both looking great for some downside movement. Watch this video cause these charts are looking very interesting.
Short eurnzd. It's forming a double top. SL above the double top at 1,75000 TP 1,68200 Very good risk/reward ratio if this plays out.
The Eurozone single currency began appreciating against the New Zealand Dollar mid-June when it bounced off from the lower boundary at 1.6600. The currency pair reached a high level on July 3. However, after reaching its high mark since the beginning of July, the exchange rate has been trading within 1.7120/1.7381 range for almost a month. This can be considered...