Trading Signal For EURNZDTrading Signal: A Trading Signal is seen in the EURNZD Currency Pair. Traders can open their Buy Trades NOW If you liked our ideas, please support us with your likes 👍 and comments.Longby pullbacksignal111
EURNZD Top-Down AnalysisHello Traders, Here is the Top-Down Analysis of EURNZD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 44 - 26 Oct M > Market is moving in a rising channel. Price tested monthly support, faced rejection and started upward move. W > Price has faced rejection at support of channel and is D > After rejection at weekly demand zone and creating double bottom price is moving in a rising channel. We saw an M formation and as expected price moved up to test its neck and complete the formation. Price faced rejection at channel support. We can expect price to continue with upward move till resistance of channel that can coincide with monthly resistance level. As per COT EUR saw addition of few Long and more Short, reducing net positions further. EXY was weaker during the said week however it gained back its strength last week. Institutions, since last month, reducing their portfolio of Long and increasing Long positions, with total 32K Long positions closed and 13.5K short positions opened. NZD saw closure of both Long and Short positions further improving net positions, whereas ZXY was weak during the said week but it gained strength last week. ZXY has been gaining strength slowly since June 2020. In short term we can expect price to rise up but a bearish reversal can be expected from monthly resistance level. 4H > Price has faced rejection at support of channel and is now testing 4H supply zone. We can see an inverted H & S pattern under formation and price should continue moving upwards. Pair Correlation > EURNZD has positive correlation with GBPNZD and negative correlation with NZDCHF, NZDCAD and NZDUSD. This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section share your view or ask questions. Thank You AP17FXLongby AP17FX0
💡Don't miss the great sell opportunity in EURNZDTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.7813). 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 downtrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 40. Take Profits: TP1= @ 1.7680 TP2= @ 1.7583 TP3= @ 1.7468 TP4= @ 1.7330 TP5= @ 1.7162 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️Shortby ForecastCity_ME446
Rising wedge - SellPrice has formed a rising wedge pattern hence looking to enter short. Will wait for the 1st bear flag to form and then enter short The way I trade is:- 1. I only look at the chart only 3 times per day. 2. I dont depend on any lagging indicators or imaginary support / resistance lines. 3. Stress free simple trading with massive impulsive moves is my game. 4. Make money even while asleep. Trade like how professionals do and look at trading as a fun and easy way to make passive income. Dont focus on gaining only 20-30 pips. AIm like the big boys for 90 + pips Thanks to all those who have followed me and liked my post. This encourages me to post more trade ideas. Shortby jetly232Updated 4
Rising wedge - SellPrice is clearly forming a rising wedge pattern. Hence looking to enter short Please Note: Just knowing the direction of the next move will not help being profitable. There is a lot more to it with regards to the entry technique and successfully managing the trade after entering the trade. If you look at my previous trades, 90% are impulsive moves covering about average of 80-100 pips. So you need to make sure you enter the trade at the right time and manage the trade to get the maximum amount of pips from it. Comment below in case if you need to know how to do it if interested.Shortby jetly232Updated 2
chart pattern technical analysis and support and resistance#EUR/NZD make a continuation buy setup.Longby UnknownUnicorn60635634410
BUY EURNZD ...Diamond reversal pattern...analyze for yurself and go for it..... set your tp according to your account size.Longby PARASITE070