EURNZD trade ideas
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
EURNZD:Cruising through thresholds. Timing is the factorEURNZD: ECB June meeting=RBNZ August meeting
At June’s ECB meeting the rate hike timing factor triggered the tremors, sent EURSUD to 1.1560 down nearly 2.0%. Fast forwarding to today’s RBNZ meeting, NZD tumbles after RBNZ delay rate hike for another year. At the time of writing NZD down more than a percent across the board.
The cross just has been run through the higher end of the descending wedge pattern and finally breach the early July high too. The erosion of these is highly encouraging us to focus on Dec 2017 high seems to be at 1.7479. A weekly close above the barrier 1.7479 rounded to 1.7500 would be needed to initiate further pronounced recovery to 1.770 and 1.780 in the coming weeks..
The 200MAs on the monthly chart spread between 1.7730 and 1.8000 levels. The supports are finds at 1.73301.7230 and 1.7120.
EUR/NZD Technical analysisThe Day candle chart of EUR/NZD formed the classic Megaphone pattern.
It resisted and reacted well in the trend line resistance.
The pair will be expected to be bearish and would reach the expected target considering longer term.
EUR/NZD technical analysis From the Fibonacci extension analysis of EUR/NZD. it's expected to bearish trend until 1.618 retracement price 1.69773
eurnzd channel brkoen next target 1.6627nice channel forms on eurnzd daily chart . short position on retest of channel for the target 1.6627
EURNZD Sell @ CMP1.6890 ( Uptrend Channel Breakout) - EURNZD Sell @ CMP 1.6890
Stop Loss = 1.7480
Take Profit 1 = 1.6646
Take Profit 2 = 1.6353
Take Profit 3 = 1.6109
For Forum Discussion: EURNZD LeTechs Forum
NZDEUR-1HR - HEAD & SHOULDERIn the NZDEUR pair 1 Hr timeframe a HEAD & SHOULDER is completed and it seems market to reach 0.618 Extension from the downside side move...
