EURNZD likely to keep up with the Momentum and go further LongDue to downfall in New Zealand Dollar, EURO is currently going bullish against NZD and is likely to keep up with the momentum till Resistance (R1) Point.
Trade ideas
Short if price breaches the triangleThe assumption is based on the daily trend chart, MACD and VWAP.
Don't miss the great buy opportunity in EURNZDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.7333). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURNZD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 50.
Take Profits:
TP1= @ 1.7577
TP2= @ 1.7755
TP3= @ 1.7980
TP4= @ 1.8295
TP5= @ 1.8629
SL= Break below S2
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EUR/NZD broke the ranging level on 1HR!!EUR/NZD was ranging & now has broke the range level creating a big green candle & a new zone. Keep an eye on this zone, its fresh and if the price comes again to this zone to test, there is a probability it would shoot up!
This is only for educational purposes & I aint any financial advisor. Control your risk, its very important, always use a stop loss.
let's short together! :)Looks bearish to me, I feel it'll be a successful retest! Targets and stop loss is on the chart! :)
EUR/NZD Long or Short get readyHi traders,
The probabilities to be in the short direction is hight base on the direction of the indices, at the moment all the indices they are on the recovery because of the idea of 2 trillion from the USA into the economy. Them you can see that they do non stop to send positive idea for investors to get into stock again.
Now, in my opinion, is not clear that is why you have the two direction levels.
Because they say will be adding 2 trillion on the economy but not yet.
EUR/NZD analysisThe counter is in downtrend movement.
it broke the trendline with the strong bullish candle.
Hence, it will be bullish in the short term.
BUY THIS EURNZD FOR MORE PROFIT. Hi Guys Highly recommend BUY it this currency that TA
gain with me profit of 400 above pips.
BUY EURNZD : 1.69514
1st Target : 1.71644
2nd Target : 1.73273
Stop loss : 1.67998
Risk : 148 pips, Reward : 400
USE 0.01 LOT ONLY.
IT IS HIGHLY RECOMMENDED TO FOLLOW RISK MANAGEMENT STRATEGY.
EURNZD LONGAS EURNZD IS IN CONSOLIDATION PHASE HAOVERING AROUND RANGE BOUND ,AS IT BREAKS SUPPORT LEVEL & RETEST...... LOOKING FOR DOWNWARD MOVE
