Here is quick analysis for EUR/NZD. Sorry in advance, I caught a cold not too long ago, so I am losing my voice.
After a long range and wedge formed since december until it finally exploted last week closing above the previosu daily high,so right now we got the following confirmations to expect further upside movement: 1. Wedge pattern broke to the upside 2. New HH formed in the higer timeframes 3. closed above the MP & AT fib 4. Broke out after a Elliot compeltion 5. 1st...
This pair has seen a really nice bullish trend since its original kumo breakout a couple weeks ago. I am looking to hop into a trend continuation here to catch some more bullish movement. I've set a buy entry above our current candle, but a more conservative entry would be at or above the wick of the most recent structure high. I've drawn out some partial take...
The pair has now shifted its direction and we could potential see a nice a trade to the up side. Best is to wait for the pullback before getting yourself a nice entry.. We got a big divergence on the bigger timeframe as well. There's 2 possible trades, 1 short term and 1 long term.
EURNZD was travelling in a blue triangle, but as you know from our previous trades, price broke out to the downside, came back to retest the triangle at the 0.618 retracement level before making its way much lower then the previous support zone. Price is now travelling in a descending channel and has touched the bottom after a large impulse move down, we expect...
We see the formation and completion of this harmonic pattern on the 1 hr chart. Price action has also reached a major support zone at the completion of this pattern. These technical indications signaled us to take a long position with take profit set on the green zones. FX:EURNZD
Near 1.6343 i will open buy if the price will make fake broke Because - 1.6343 - 3rd December low. - low risk - Potential profit will be in 5 - 7 times bigger that a risk
Hi Traders, The EURNZD seems to have completed wave B of (B) which unfolded as a double zigzag pattern "w-x-y," after a strong sell-off in (A) from Oct-Dec 2018. . Wave c of (y) of B also unfolded as an ending diagonal pattern. Also, prices have made a triple bottom pattern on the chart with MACD indicator also flashing bullish divergence (Not on...
EURNZD has been travelling in a triangle to the downside. We entered into a long position after we saw some confirmations of trend reversal on lower time frames ,our target for the long position (RETEST) is the 0.618 of the large previous downwards impulse move. This is where we have short positions locked and loaded. we hope you enjoy some profits from this trade...
Our recommendation for this currency is a sell recommendation! Here are the reasons: 1. The trend is a distinct downward trend. We see this in the graph above that each round of increases is smaller than the previous one. 2. The eurnzd candles are below the cloud, the blue line is above the red line, we have a bearish cloud, all of which are from Ichimoku...
Wait for the break and close of the rising wedge to enter the trade. Move stop loss to breakeven after the first Take Profit level is hit. Good Luck! :)
In the graph above, we had a double bottom that did not succeed in changing the trend. The eurnzd stopped at 1.67 and returned to its general trend, which is a downward trend. It is true that in the very short term it can make a short upward correction but our priority is a sell position Sell ERU/NZD: Entry Price: 1.6455 Stop Loss: 1.6580 Take Profit: 1.6240
On this pair we also see the completion of the bat pattern on the 4 hr chart which signaled us to buy the pair at the completion of the 4th leg of the pattern. Our take profits are set at the green zones. FX:EURNZD
this is very special the bank of NZ said friday that have a chance to cut the rate this years and the market reacted dovish for NZD and HOPE few minues after it erase all his loss and even gain more so is may due to the optimist of US-China trade talks. But anyway for me the trade talks are 75% priced by the market now so if i am wrong i think is just about my...
Consolidation occurring if we break up up out of the triangle, I am anticipating a retest of previous resistance.