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EURNZD

A trading opportunity to Sell in EURNZDMidterm forecast: While the price is below the resistance 1.7390, beginning of downtrend is expected. We make sure when the support at 1.6325 breaks. If the resistance at 1.7390 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. A peak is formed in daily chart at 1.6410 on 02/15/2019, so more losses minimum to Major Support (1.6325) is expected. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 44. Trading suggestion: There is possibility of temporary retracement to suggested Sell Zone (1.7115 to 1.7230). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone. Beginning of entry zone (1.7115) Ending of entry zone (1.7230) Entry signal: Signal to enter the market occurs when the price comes to " Sell zone " then forms one of the reversal patterns, whether " Shooting Star " or " Peak ", in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and special version of our " Price Action " strategy FOLLOW our lessons: Take Profits: TP1 : @1.6965 TP2 : @1.6815 TP3 : @1.6565 TP4 : @1.6325 TP5 : @1.5830 TP6 : @1.5255 TP7 : @1.4535 TP8 : @1.3875 TP9 : Free
Short
by ForecastCity
2
SHORT There is a great opportunity to sell in EURNZDMidterm forecast: While the price is below the resistance 1.7820, beginning of downtrend is expected. We make sure when the support at 1.7380 breaks. If the resistance at 1.7820 is broken, the short-term forecast -beginning of downtrend- will be invalid. Trading suggestion: Price is in the Trend Hunter Sell Zone (1.7480 to 1.7705). We would set sell orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Beginning of entry zone (1.7480) Ending of entry zone (1.7705) Entry signal: Signal to enter the market occurs when the price comes to " Sell zone " then forms one of the reversal patterns, whether " Shooting Star " or " Peak ", in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and special version of our " Price Action " strategy FOLLOW our lessons: Technical analysis: The RSI bounced from the resistance #1 at 80 and it prevented price from more gains. The RSI uptrend #2 is broken, so the probability of beginning of downtrend is increased. The RSI support #3 at 50 is broken, so the probability of beginning of downtrend is increased. A peak is formed in daily chart at 1.7730 on 09/26/2018, so more losses to support(s) 1.7480 and minimum to Major Support (1.7380) is expected. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 43. Take Profits: TP1 : @1.7380 TP2 : @1.7290 TP3 : @1.7185 TP4 : @1.7115 TP5 : @1.6965 TP6 : @1.6815 TP7 : @1.6565 TP8 : @1.6355 TP9 : @1.6180 TP10 : @1.5785 TP11 : @1.5255 TP12 : @1.4535 TP13 : @1.3875 TP14 : Free
Short
by ForecastCity
There is a great opportunity to sell in EURNZDMidterm forecast: There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 1.7115 would begin in Midterm. Trading suggestion: Price is in the Sell Zone (1.7295 to 1.7480). We would set sell orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Beginning of entry zone (1.7295) Ending of entry zone (1.7480) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons : Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. A peak is formed in daily chart at 1.7485 on 08/10/2018, so more losses to support(s) 1.7295 and minimum to Major Support (1.7115) is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index ( RSI ) is 60. Take Profits: TP1 = @1.7115 TP2 = @1.6965 TP3 = @1.6815 TP4 = @1.6565 TP5 = @1.6355 TP6 = @1.6205 TP7 = @1.6010 TP8 = @1.5655 TP9 = @1.5255 TP10 = @1.4535 TP11 = @1.3875 TP12 = Free
Short
by ForecastCity