EURNZD WEEKLY FORECAST 4HREURNZD AFTER MANY STRUGGLES WENT DOWNWARDS..NOW THE PRICE IN MAJOR DAY LEVEL SUPPORT AND WEEKLY SUPPORT ZONE ...
WAIT FOR CONFIRMATIONAND THEN GO LONG...
IF PRICE FAILS TO MOVE UP THEN GO SHORT....
Eurnzdsetup
EurNzd- do we finally have a bottom?Since October, EurNzd dropped almost linearity and lost almost 1500 pips.
The beginning of the year found the pair in 1.66 zone strong support and, in my opinion, this is the bottom for now.
At the time of writing, EurNzd is trading at 1.6743 and dips towards 1.67 can be a good opportunity for building longs.
The target for bulls can be 1.7250 resistance and only a break under support would negate this bullish scenario
EURNZD ANALYSISeurnzd made
- triple top
- rejected
confirmation to the downward
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EurNzd- are "we" breaking up?Although the trend is grossly down for EurNzd, from the beginning of the year, the drop in the pair was marginal, forming a falling wedge.
A bottom seems to be in place at this point at 1.6650 zone and is marked by a double bottom on shorter time frames.
Now the pair is trading at 1.68 which is also the resistance of the wedge.
A break here would expose 1.7 zone and 1.73 furthermore (the target for the pattern)
Buying dips can be a good strategy for this pair
EUR/NZD Short From RetraceThis has retraced to resistance, looking for it to reject this level and push lower. Target is 1.63124, there are a couple of supports between current price and this target but lots of bearish momentum with this.
EUR/NZD Analysis 2 Entries Avialbe Here To Catch 350 Pips !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
EUR/NZD Full Analysis !! Must see !!Good day Traders !! On this multi-timeframe analysis we will make a full breakdown of this pair.
Monthly : We have just Completed an "M" formation and we already started the new impulse to the downside. We expect the price to continue dropping.
Weekly : We have an impulse correction impulse pattern and we are at the 5th wave of Eliott and we expect the price to push lower.
Daily : We have a "W" formation and we are currently at a strong level of resistance that was rejected by the market if you look at the wick of the last candle, the price seems to be going toward the Neckline.
COT : Institution have been shorting EUR massively since they added closed more than 21000 long positions and added close to 7200 long position during the last report.
From an NZD perspective we are still looking at a strong NZD even though hedge funds added more shorts positions than longs and this explains perfectly the retracement of this currency with all the pairs.
4H: We do have strong level of resistance at the moment and we will be waiting for the market to shift from a bullish to a bearish environment on the 4H timeframe in order to place our entry.
MACD : we are still in a bullish environment
EMAs: Cut for long for the moment but anything could change within the last hour
EMA 200 : We are still below this EMA and could be considered as a resistance itself in case we decide to go higher to grab more liquidity.
Now if you enjoyed this analysis smash that like button and share. If you have a different opinion please leave a comment below as I would love to get more insights and ideas. I also linked my previous idea about this asset.
Trade safe !!!
EurNzd- break of falling wedge for 500 pips profit.Since the beginning of the year, EurNzd is trading in a falling wedge, with the price making marginal lows.
On shorter term time frames, the pair made a small double bottom which can give us the idea of a turn.
Now EurNzd is facing confluence resistance of horizontal 1.68 level and the resistance of the wedge and a break here would confirm the reversal and gives scope to 1.73 resistance.
Also, a buy trade for this pair would have a great R:R
EURNZD 4HR BUY SETUPEURNZD 4HR:
EURNZD after formation of Double Bottom..Price going to meet (Downwards Daily Trendline wiht Daily resistance)...
Once The trenline breaks out ..Wait for retest and then GO LONG..
EURNZD bottom is inHi everyone,
Eurnzd bottom is in, making a higher low at Monthly timeframe respecting the uptrend, go for buys for the targets mentioned in the chart
Good luck
EURNZD, T.A oriented.Pretty Simple Actually
1.67 seems to be demand zone
We've got Hammed CandleStick
on D TF.
Rising Wedge holding.
Chances for BULLISH are quite
strong here.
EURNZD - LONG; This is a long term ...... Short but for now, it is definitely over-done. Buy it up!
... and they're gonna Stop Hunt this before it goes into full retreat!
Here is the Weekly;
... so be careful!
EURNZD Long (Buy) Trade Setup IdeaEURNZD has been falling since March '20 and we're now approaching a strong buy zone. Depending on price action as we near the zone, we may have an opportunity to buy with great risk:reward.
Bearish Shark PatternEURNZD BEARISH SHARK PATTERN
Market Sell Order Set Up.
Sell Entry: (1.69097)
Min Take-Profit: (1.68451)
Max Take-Profit: (1.67929)
Stop-Loss: (1.69678)
Max Risk-Reward: (2.01)
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Bullish Butterfly PatternEURNZD BULLISH BUTTERFLY PATTERN
Market Buy Order Set Up.
Buy Entry: (1.67912)
Min Take-Profit: (1.68526)
Max Take-Profit: (1.68994)
Stop-Loss: (1.67410)
Max Risk-Reward: (2.16)
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EURNZD ANALYSISLOOKS LIKE EURNZD MAKING TRIPLE TOP .
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Idea is not the financial advice!
EURNZD-- Looking for buy SignalDisclaimer:
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. this is no signal. it's my opinion. trade your own risk. and Must Follow Money management.
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Thank you for your support!
Bullish Shark PatternEURNZD BULLISH SHARK PATTERN
Market Buy Order Set Up.
Buy Entry: (1.68314)
Min Take-Profit: (1.68943)
Max Take-Profit: (1.69374)
Stop-Loss: (1.67619)
Max Risk-Reward: (1.53)
Smash a Like button and leave a Comment, I appreciate every support. Goodluck.
