EUR-NZD is trading in an uptrend Along the rising support line where broke the key resistance level at 1.73653 And is now going up again So I think that we will see A further bullish continuation
#EURNZD Currently, according to the CURRENTLY STRENGTH, EUR is becoming quite strong. The reason is that ECB RATE HIKE SENTIMENT is PRICE. Also, the NZD is getting weaker than the EUR right now. Therefore, EURNZD can definitely go DOWN to the SUPPORT AREA of this CHANNEL before going UP again. So keep an eye on it. If any MARKET SENTIMENT changes, EURNZD...
#EURNZD Currently, according to the CURRENTLY STRENGTH, EUR is becoming quite strong. The reason is that ECB RATE HIKE SENTIMENT is PRICE. Also, the NZD is getting weaker than the EUR right now. Therefore, EURNZD can definitely go DOWN to the SUPPORT AREA of this CHANNEL before going UP again. So keep an eye on it. If any MARKET SENTIMENT changes, EURNZD...
#EURNZD Currently, according to the CURRENTLY STRENGTH, EUR is becoming quite strong. The reason is that ECB RATE HIKE SENTIMENT is PRICE. Also, the NZD is getting weaker than the EUR right now. Therefore, EURNZD can definitely go DOWN to the lower SUPPORT AREA before going UP again. So keep an eye on it. If any MARKET SENTIMENT changes, EURNZD can SELL...
EURNZD has formed strong bearish price action on the daily timeframe. In this long-term down trending market, the price has formed a daily pin bar/Doji which has an element of fake out to the upside, tested previous support as resistance, and also tested the 20EMA as resistance. High probability that the price will continue to drop from this bearish...
#EUNZD Currently, according to CURRENTLY STRENGTH, EUR is becoming quite weak. And the NZD is getting stronger than the EUR right now. Therefore, EURNZD can definitely go DOWN to the SUPPORT before going UP again. So keep an eye on it. 1.6206 is our support level.
- NZD FEATURE is currently slightly UP. The main reason for this is that the previous day's MARKET RISK ON. We can also mention the UP TREND in COMMODITIES as the main reason for that. But now COMMODITIES are UP. Today the NZD FEATURE stands at 0.6309 LEVEL. The EUR FEATURE stands at 1.0581 LEVEL. - Currently the OVERALL MARKET is showing a NEUTRAL BIAS. ...
- No high impact news for the New Zealand dollar today. Also, there is no high impact news for JPY. But New Zealand's employment data is due out on Wednesday. Most likely NZDJPY will FOLLOW the MARKET SENTIMENT this week. So pay attention to VIX, MARKET SENTIMENT. - NZD FEATURE is currently DOWN. The main reason for that is because MARKET RISK OFF. It will...
Overview: 1.70809 | 1.77529 is a rejected Buy-zone looking as far out on Monthly timeframe. Price is currently trading inside multiple Caption/ Sell-zones: 1.70042 | 1.71501 and 1.69167 | 1.70367 zones. EUR has Major news no more than 4hrs from now for potential price volatility. Sell Entries should be inside Caption prices for target zones 1.67230 |...
List of confluences: 1: Trendline Breakout and close 2: Breakout and close Key Level around 1.6582* on Daily Chart required as confirmation. This will mean change in market structure and new low created. 3: Head and Shoulder Pattern which can be seen on both the Daily Chart and The Four Hour Chart. Summary: This trade has a potential Risk Reward (RR) of 3.62 to...
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
A new retest of level 1.6774 in formation. We open a long term position for reach 1.6940 target
Here is my idea for this trade
On the EURNZD daily time frame, we can see its breakout the final resistance created last year in December. We also found its breakout a Ninety-degree reverse shield pattern as well :D. We are expecting a further bullish move starting the current price zone.
EURNZD was mentioned in the linked video I put out Wednesday, FOREX Mid-Week Setups. Price has reached my area of concern, and I believe a good sell may be about to avail itself.
Our last prediction working as well, so where is the next movement? let see how market do...
Here is how to find best entry on this pair include education. Play safe and always learn.
Welcome to our Trade Setups - May 24th ( EURNZD ) ! SELL EURNZD ENTRY LEVEL @ 1.69583 SL @ 1.71084 TP @ 1.65082 Max Risk: 1% - 3%! Risk/Reward Ratio: 3 Leave us a comment or like to keep our content for free and alive. Have a great week everyone!