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...
Soon it will be time to buy, we are actually starting with opening buy positions today
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...
Harmonic pattern Correction of XA leg Above weekly trendline After confirmation => BUY
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
Here i will be looking for price to retest the marked level and further move bearish. A retracement of the bearish move and an extension
We broke the downtrend to the upside and head to a supply zone.. price retraced testing the previous high, touched the 50 SMA on the 1h chart and the 200 EMA on 15 min. We see that we are in a range at the moment. We should enter the trade after this area will be broken to the upside at around 1.71867, SL-1.71086(under the low of the range), TP1-1.72050,...
Hello my friends, My first trade for December is coming to you all. I am going to take a buy positions on EURNZD pairs. As you can see price, recently broken above the descending channel after moving inside it for 2.5 weeks inside it. We could expect price to rotate higher as there is also weekly trendline at this 1.7000 area. This 1.7000 could be an area of...
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...
As we can see nzd bas become very strong so now i can expect it will fall as #EURNZD IS ON RESISTANCE so i am expecting a rise becaise this resistance is now support If you like my idea than follow my channel
1.68800 will be a very hard-to-break level for EURNZD, possible reversal point
The counter was in a strong downtrend and it broke long-term support at 1.71435. Unable to sustain the breakdown, it has recovered with a V-shape rally. We expect a short-covering rally in the counter.
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