Undoubtedly Nzd alongside Aud was one of the strongest currencies at the end of 2020... With its Euro counterpart though, after finding a bottom and reversing at the beginning of December, Nzd found strength again but didn't manage to clearly make a new low under 1.6950, instead it confirmed this support and put in a tweezer bottom candle formation on the last...
After it has found a bottom in 1.7 zone and a first leg up to 1.735, EurNzd made a higher low at around 1.7050 and for 10 days now is trading in a range. I expect this range to be broken to the upside and a new leg up to follow. My target for this trade is 1.7500 with interim resistance at 1.7350 (previous high) This bullish outlook is valid as long as the price...
This is EURNZD 4H timeframe analysis, i'm expecting it to continue selling.
The reversal for EurNzd is something that I've been watching and trading and, after 1.7 zone low, a higher low could be in place now in 1.7050 zone. At the time of writing the pair is trading just in correcting flag's resistance and a break here would expose 1.7350 previous high 1.750 zone could also be a target for swing traders and really is not out of the...
From 20 Oct 1.8 high, EurNzd dropped almost linearly 1000 pips. The pair found strong support at 1.7 zone and after a few days of consolidation broke the descending trend line and the first leg of correction come that let the price to 1.7300 zone. Now the pair is correcting this first leg up and a new one could start soon. 1.7 should be very well defended by bulls...
After finding strong support in 1.7 area, EurNzd had a first leg up of around 250 pips, a correction followed and the pair seem to have stopped In 1.71 zone. I expect a new leg up from this pair and 1.7350 could be bulls target
Plan: trendline and support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make...
Plan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent...
The move from the past 4 weeks on EurNzd was fabulous with the pair sinking 1000 pips from 1.8 to 1.7 Yesterday the pair had a short dive under 1.7 but managed to recover above this important support. At this point, we are just at confluence resistance and a break here could signal a much-needed correction. In my opinion, dips around 1.7 should be bought and a...
Plan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent...
Hello Traders, Here is the Top-Down Analysis of EURNZD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 48 - Nov 23 M > Market is moving in a rising wedge with few major breakouts. Price faced rejection at monthly resistance and has dropped till monthly support. W > Price has filled in last weekly candle with current drop and created double...
Plan: wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing , pinbar etc --> SELL **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if...
Nzd had quite a run in the past 3 weeks, with EurNzd falling almost 1000 pips from 1.8 to 1.7050. The important psychological 1.7 support is marked also by a piercing candle formation and should be well defended by bulls in the future. I expect this bull run to continue to at least 1.75 and dips under 1.72 should be bought in search of a good R:R trade
As I said yesterday, EurNzd looks bullish with strong support around 1.75 zone. The pair had a quick dive under this zone and reversed strongly to be traded around 1.76 at the time of writing I maintain my first target of 1.78 for this pair and, if the day is closing with bullish engulfing we can see my target reached sooner rather than later
- Rejection and bounce back of bottom of long term trend - Reacting nicely off 0.786 fib level LOOKING TO BUY IF FOLLOWING CONDITIONS ARE MET; - Close above 0.786 fib - Close above 20 EMA (moving support) EXTRA CONFIRMATION; - Bullish candlestick - RSI pointing up