Few days ago I shorted EURNZD, and it was successful trade. I closed my position, but I looking at the chart I think it is good moment to open short again. Right now we can see correction to downward move and EURNZD is fighting with resistance zone about 1.6965. If chart will reject the resistance, I will open short position and keep it to the channel bottom.
Await for further communication to enter longs Overrall a bearish trend and downside pontetial is huge
we got weekly trendline and daily support on NZDUSD and am already long on this pair with 40 pips Sl, do use right risk management = 2% per trade and move sl to entry once in 30+ pips profit. If you find this analysis useful then like and comment :) wanna join Free Signals then join telegram channel T.me/quickpipsforex
The New Zealand Dollar saw some uncertainty lift Monday (March 26) with the Reserve Bank of New Zealand’s formal adoption of a duel monetary-policy mandate. On government instruction the central bank will now have to consider not only its old inflation target when setting interest rates, but also the “maximum, sustainable” level of employment. This addition was...
I see GBPNZD to have made the 5 wave elliott structure. It appears to be making an ABCDE flag pattern (correct me if I am wrong or you see different). I am not fully convinced that the E wave has finished and it may continue down for a short period of time to create a 'throw-over' before resuming the upwards trend. I would wait for consolidation just below/just...
As idle cash looks to find a strong and secure yield, it is no wonder that the New Zealand Dollar has benefited from the current Euro-Zone crisis. Pairs such as the Australian Dollar and New Zealand Dollar are often viewed as a proxy for Chinese growth and thus have performed well against the Euro in recent years. Although Chinese growth may become a cause for...
A strong probability for short trades.
a trend reversal on a 4hr time frame is building and can be open towards some buy opportunities.
Can the bulls sustain control with the recent aggressive market correction? 2 potentials for EURNZD
After meeting with the lower trend line of a dominant channel up pattern, AUD/NZD currency exchange rate began a surge on January 12. This movement is likely to continue since it already tested the weekly and monthly pivot point resistance at 1.098. However, the pattern is drawing closer to the dominant downward channel. Meanwhile, regarding the long term, the...