EURNZD is trading in descending channel and printing consistent LLs LHs. Recently the price is broken the important support zone and now retesting the broken level, which is also the reasonable retracement level.
If the sell momentum continues the next target could be 1.7500
EURNZD is trading in descending channel and printing consistent LLs LHs. Recently the price is broken the important support zone and now retesting the broken level, which is also the reasonable retracement level.
If the sell momentum continues the next target could be 1.7500
What you guys think of this idea?
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We expect further downside on this pair, signalled by the key level breakout and retest. We can also see a change in market structure from bullish to bearish which supports our directional basis.
. Don't forget about stop-loss.
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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
Analysis of new financial markets
By zts method
Analysis based on Fibonacci and Smart Money patterns
In this currency pair, our trend is an upward trend, so we are looking for buy orders
Now the price is in Fibonacci retracement and order block, so we expect the price to rise to the level of 1.8453 with a loss limit of 1.7138.
Please follow the capital...
EURNZD: A possible bearish move after the correction
The price is rising again after better-than-expected GDP data.
However, this rise should be temporary and we could soon see the EURNZD lower again.
EURNZD created a Head and Shoulders pattern, an ugly variation.
The price will likely rise to test the broken neckline of the pattern before it moves down...
Here is our detailed technical review for EURNZD.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 1.752.
Considering the today's price action, probabilities will be high to see a movement to 1.756.
P.S
Overbought describes a period of time where there has...
EURNZD is trade with symmetrical triangle pattern .
We can take entry if it break below trendline , if bears take control target could be 1.75039
SL , TP mention in chart
I anticipate a bullish trend for EURNZD, provided that the price successfully mitigates the (OB) conditions and also taps into the liquidity resting below the previous lows zone. This scenario could potentially signal a strong upward momentum for the currency pair.
Waiting for a break and retest at 1.76211 to short EURNZD back to Daily swing low at 1.74131
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**Weekly Chart**
Last week's candle created a strong liquidity pool after it bounced from the daily manipulation candle of the previous week and closed as a bearish candle. Given the strong movement, we should wait for the market to give us a confirmation on its next move so we can clearly define the direction.
**Daily Chart**
We are here having two scenarios...
