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Eurnzdforecast

EURNZD | Perspective for the new weekI am not certain that the Euro is ready for Bullish bounce in the nearest future as a continuous rejection of Supply zone and Key level since the beginning of the month remains an emphatic sign of a Bearish bias. Tendency: Downtrend ( Bearish ) Structure: Breakdown | Supply & Demand |Trendline Observation: i. Bearish Trendline: The visual representation of line drawn over pivot highs represented on the chart (Pivot I to VI) explains the prevailing direction and speed of price in the last 3 months. ii. The Breakdown of NZ$1.67000/1.66500 area February 2021 followed by rejection of this zone emphasizes the strength of Sellers at this juncture in the market. iii. A further breakdown/rejection of NZ$1.65400 in the coming week(s) should encourage adding to the existing position as the Key level remains a yardstick for Bearish tendencies. Trading plan: SELL confirmation with a minimum potential profit of 350pips. Risk/Reward : 1:4 Potential Duration: 5 to 10 days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
EurNzd- In a good place for a swing buy tradeI think there is no trader who hasn't wondered where the eurnzd decline will stop... And I think we are at that point On a weekly chart, we can clearly see a long-tailed Pin Bar in long term horizontal support, followed by a consolidation week and another small Pin Bar, which gives me reasons to think that a bottom is in place and a correction will follow If we zoom in on H4, we can see the false break of important 1.65 and strong rebound followed by consolidation At this point, EurNzd is trading at 1.6656 and I expect a break above 1.67 resistance, after this the road is clear to 1.7 important figure
Long
by Mihai_Iacob
22
EUR/NZD BUY IDEAHey tradomaniacs, welcome to another free trading-setup. Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation! EUR/NZD: Day-Swingtrade-Preparation Market-Buy: 1,67040 Stop-Loss: 1,65990 Point of Risk-Reduction: 1,68100 Take-Profit: 1,69600 Stop-Loss: 105 pips Risk: 0,5% - 1% Risk-Reward: 2,45 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me
Long
by Trading2ez
3
EUR/NZD SELL IDEA EUR/NZD: Swingtrade-Preparation Hey tradomaniacs, welcome to another free trading-setup. Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation! EUR/NZD: Swingtrade-Preparation Market-Sell: 1,66700 Stop-Loss: 1,67700 Point of Risk-Reduction: 1,65660 Take-Profit: 1,63160 Stop-Loss: 100 pips Risk: 0,5% - 1% Risk-Reward: 3,40 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me
Short
by Trading2ez
16