EURNZD Market Outlook | Daily Forex Market BreakdownEURNZD
Still holding previous shorts for over 613+ pips. Coming down to an area of support looking like we are slowing down.
We look like we could be bottoming out. It may be time to take a hedge long trade.
I do believe we still could come down and test 1.70 which I have been calling for some time now, giving us a clean entry for a long.
It is looking good. Watching very carefully.
Eurnzdforecast
EURNZD Market Outlook | Daily Forex Market BreakdownNothing like 500+ pip wins
This is why I love swing trading!
Sadly the market hasn’t been the most ideal for us swing traders, so I have been sprinkling in more intraday set ups.
Keep in mind only the adaptable survive in this industry. Also remember to cut your losers quick and let your WINNERS RUN!
This week was extremely slow but next week is looking very interesting!
EURNZD Market Outlook | Daily Forex Market BreakdownEURNZD
Still holding previous shorts around +500 pips. I do feel we could still push down to 1.70 and retest that area of support before climbing back to the upside. I feel that it is still too early for longs now and the market is going to shake up inexperienced traders thus giving us an amazing entry for a nice move back up.
#EURNZD, Powerful technical modelWe usually prefer to analyze graphs in D1 but this pattern in the monthly graph forces us to write about it.
2 Doji candlestick symbolizing a trend ending (to confirm the current candle theory should close in red ... got off to a good start)
The 200 moving average line synchronizes with the resistance line at 1.7760.
This is the third time eurnzd has touched the average line and is responding to declines.
Target: 1.7110
EurNzd- short tradeWe called for a drop in EurNzd for quite some time, thou the pair was reluctant, consolidating more or less above 1.72 figure.
We still consider that a major top is in place at 1.77 and we are at the beginning of a downtrend.
Strategy:
Sell the market above 1.72
SL @ 1.7360
Target 1.7 zone
EurNzd- sell the rallieYesterday, after a long consolidation and a tight range, EurNzd broke support at 1.73. The pair dropped over 100 pips and stopped at the next support at around 1.72.
Today EurNzd is correcting yesterday's aggressive move, and 1.73 should become new resitance.
Strategy:
Sell close to 1.73
SL @ 1.7350
TP @ 1.7