First things first: Do you think one has to work for one or two circuses before he can start as a member of the ECB?
Anyway as surprised as the ECB may be about the total weakness of the euro economy ( no one could have foreseen it! ) as surprised they will probably be today when the GDP of the eurozone will disappoint the consensus forecast as well as the ECB...
First things first:
📊🔮My crystal ball tells me:
EUR CPI (inflation data) today will be lower than consensus expected.
-> This will weigh on the euro in the long term
🔮An old saying goes:
"The crystal ball spoke and the ECB obeyed."
A look back.
🔮 - As predicted in July last year, inflation in the eurozone fell far faster than the market and the ECB in...
This page shows the exchange rate of the New Zealand Dollar against most world currencies. It presents high-frequency updated data directly coming from more than 170 big interbank liquidity providers such as ABN Amro, Abbey National Bank, JP Morgan Chase, Zurcher Kantonal Bank, UBS Investment Bank, Westpac and many more. This tool is specifically designed for...
Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
The price is moving in decent nice waves . The last wave was a great success after the price broke the stubborn support we entered a sell trade together u can check that in related ideas.
Now the price is creating a new wave and i think the retracement is over. Using my Fib tool, i figured out that the prices hit 71% fib level and for me it is the right time to...
After the news, ect we can see the move to the bulish side. At this moment of time ive set on the graph the 1st profit margin and will update when the trade progresses
Waiting for price to reverse at levels marked.
Price will travel to daily support , hopefully cpi will push it there allowing us to buy at a sweet spot
BUY EURNZD for uptrend continuation
STOP LOSS : 1.7812
There is a strong trend on the daily time frame and all that have happened in the past days was just consolidation ( or trend pull back before continuation) .....
The daily time frame is showing strength continuation from this level of support and resistance so we are looking for the trend to push forward...
EURNZD is falling towards a support level which is an overlap support level which aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit
Entry: 1.78560
Why we like it:
There is an overlap support level which aligns with the 50% Fibonacci retracement.
Stop loss: 1.77389
Why we like it:
There is an overlap support level...
✅EUR_NZD is going down now
But a strong support level is ahead at 1.7896
Thus I am expecting a rebound
And a move up towards the target at 1.7957
LONG🚀
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Hey Traders,
Here's a simple example of trading an FX pair with precision at price action areas.
It's also helpful to take into account market sentiment and the drag its having.
Watch for more.
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Hi Traders here is a quick analysis on EURNZD Trade using the third touch strategy,
We all know how powerful third touches are in forex trading, here is a third touch strategy for eurnzd and Gbpnzd as well, that i strongly believe would drop.
Not a financial advice! Trade with what you can afford to lose
So this is similar to the idea I just posted on EURNZD albeit we have a large double bottom on this one and no Fib confluence. So again I will wait for a touch of the neckline and a entry candle. Then I will open the long as shown.
I will be trading this along side GBPNZD, both at 50% lot size.
EURNZD looks strong bearish we can see last higher low broke and we can also see bearish divergence most likely market would go in bearish side.
What do you think?
