Eurnzdforecast
EurNzd- to see range trading?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 trading day of 2020.
I consider 1.6900-1.6950 strong support and EurNzd can start trading in a range with resistance around 1.73 zone.
I'm bullish on this pair and only a clear drop under 1.69 would change my opinion
EURNZD Long almost cooked upWait for the retest of the bright blue-green declining trendline on the 1HR chart and enter on success
Looks clean, initial TP will be at the previous swing highs as indicated
Depending on momentum at this point may leave in 30% to try to run higher as the shape height suggests the TP should be nice and high
Stops just below a key SR level, not risking more than a couple % of my account!
Lets run it...
EURNZD Daily 5:1 RR LongBeautiful 3rd touch of the trendline at the golden fib zone.
Let me know what you think of eurnzd
EUR/NZD BUY IDEAHey tradomaniacs,
welcome to a new free trading-setup.
Note: This is meant to be a preparation! As always we will have to wait for a confirmation!
EUR/NZD: Daytrade-Preparation
Notice: All trades are risky due to thin volume -> Sudden volatility can always appear.
Market-Buy: 1,72150
Stop-Loss: 1,71700
Point Of Risk-Reduction: 1,72550
Take-Profit: 1,73000
Stop-Loss: 45 pips
Risk: 0,5% - 1%
Risk-Reward: 2,0
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
EurNzd- I'm maintaining my long tradeAfter 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 stays above 1.7050
EURNZD ready to complete its correction,i expect eurnzd to push up to 1.7400 region before it continues it bearish trend.
EURNZD - break out preconditions:
- local uptrend
- global downtrend
- middle-risk trade
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
EurNzd- A higher low could be in placeThe 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 question after 1.8-1.7 drop
EURNZD uptrend setupprice direction: UPTREND
potential target price: 1.7277
**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 you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
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Thank you for your support ;)
GWBFX
EURNZD - Approaching the Support168.95Soon it will be time to buy, we are actually starting with opening buy positions today
EurNzd has all ingredients for a strong reversalFrom 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 and my target for EurNzd is 1.75 in the medium term.
In the short term, 1.7050 is now support and a break above 1.7150 could accelerate gains to 1.7280 resistance.
In my opinion, dips should be bought and only a daily close under 1.70 would negate this scenario
EURNZD, BUY on DailyHarmonic pattern
Correction of XA leg
Above weekly trendline
After confirmation
=> BUY
EurNzd- New leg up? (potential 250 pips gain)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
EUR/NZD SELL SIGNALHey tradomaniacs,
welcome to a new free trading-setup.
EUR/NZD: Daytrade-Execution
Market-Sell-Order: 1,71800
Stop-Loss: 1,72260
Point-Of-Risk-Reduction: 1,71450
Take-Profit: 1,70990
Stop-Loss: 47 pips
Risk: 0,5% - 1%
Risk-Reward: 1,75
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
