Euro / New Zealand Dollar
No trades
Trade ideas
EURNZD – Symmetrical Triangle Pattern – 1.77420There is a formation of a symmetrical triangle pattern in EURNZD pair, in a daily time frame chart and there are higher chances that it will give a breakout in subsequent trading sessions. Hence, a trader can place a long position with a stop-loss of 1.73554 and first target cum take profit is 1.76021, along with major target 1.77420
EURNZD - Negative Divergence - Target 1.72807 There is a formation of a negative divergence pattern in EURNZD in a daily time frame chart. This pattern is formed due to higher highs in price chart and lower highs in the RSI indicator. One can enter for trade with a stop loss 1.76176, and 1.74926 as the first target and 1.72807 as the second target.
EURNZD getting rejected at weekly channel top. EN getting rejected at weekly channel top.
Short EURNZD with:
TGT1 = 1.7045
TGT2 = 1.6850
SL = 1.7350
EURNZD SHORT!Go for it SELL EURNZD after checking the testphase of the 100% RET of the buyers, with clear V-FORMATION. ALL LINES ARE MENTIONED ON TO THE SCREEN.
Don't miss the great buy opportunity in EURNZDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.6815). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EUR/NZD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 79.
Take Profits:
TP1= @ 1.6913
TP2= @ 1.7050
TP3= @ 1.7305
SL= @ 1.6725
EURNZD for shorti said short because of the correction and descending channel , also it may be long because
there is a daily ascending channel and the price just bounced off
the bottom line so it may continue up or come back down to retest and break it....
Bearish divergence in EURNZD pairThe RSI indicator is making lower lows whereas the prices are making higher highs, signalling a bearish divergence. Enter the trade around 1.7230 with first target of 1.71800 and the second target around 1.70937. The nearest Stop loss for the pair is kept at 1.73072.
EUR/NZD Technical analysisThe weakness in the Euro is blatant. And now it has formed right tilted head and shoulder pattern against NZD as well.
The price has broken the neckline and is setting up for huge intraday downside move.
Hence, we expect the pair to reach the support levels of 1.68633 and 1.68406 for the intraday.
EUR/NZD Wave analysisThe pair is sizing up for long-term bearish move and is now constructing only first two waves of an Elliott wave.
Second wave being an corrective wave has a three wave structure - ABC.
The breaking of the trendline indicates the commencement of wave C.
Hence, traders can take advantage of the near-term bullish bias and initiate long positions.
EURNZD BUY ~ 1.64900, TAREGT- 1.67000, SL- 1.63700
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EURNZD 4HNZD is getting stronger. SELLING EURNZD will be a good idea.
RSI is also below 50. TARGET: 1.64240
