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Eurnzdforecast

EURNZD POSSIBLE BUY SET UPAfter a long range and wedge formed since december until it finally exploted last week closing above the previosu daily high,so right now we got the following confirmations to expect further upside movement: 1. Wedge pattern broke to the upside 2. New HH formed in the higer timeframes 3. closed above the MP & AT fib 4. Broke out after a Elliot compeltion 5. 1st impulse formed now expecting a pullback to form the 2nd one So i would liek to see a daily or 4h retest 1.6700 area or ideally to the 1.6660 and ocne price reach there ill monitor it on the 4h timeframe and see if we can hold above these levels
Long
by Forex_Society
More Kiwi Weakness? - Ichimoku EUR/NZD Long Trade SetupThis pair has seen a really nice bullish trend since its original kumo breakout a couple weeks ago. I am looking to hop into a trend continuation here to catch some more bullish movement. I've set a buy entry above our current candle, but a more conservative entry would be at or above the wick of the most recent structure high. I've drawn out some partial take profit levels where I can look to take some profit and risk off the table should this setup advance my way. If price fails to break higher or hold support, this setup may become invalidated. 
Long
by The808Trader
EURNZD MAJOR BREAKOUTEURNZD was travelling in a blue triangle, but as you know from our previous trades, price broke out to the downside, came back to retest the triangle at the 0.618 retracement level before making its way much lower then the previous support zone. Price is now travelling in a descending channel and has touched the bottom after a large impulse move down, we expect price to come up to the 0.618 and then back down to the -1.27 extension level.
Short
by UnknownUnicorn2396129
EURNZD SET TO SURGE HIGHER IN WAVE C OF (B)Hi Traders, The EURNZD seems to have completed wave B of (B) which unfolded as a double zigzag pattern "w-x-y," after a strong sell-off in (A) from Oct-Dec 2018. . Wave c of (y) of B also unfolded as an ending diagonal pattern. Also, prices have made a triple bottom pattern on the chart with MACD indicator also flashing bullish divergence (Not on chart). . According to the Elliott Wave principle, every impulse is followed by a three-wave correction in the opposite direction, but EURNZD has only drawn two waves, labeled A-B, from the bottom of the wave (A) at 1.6330. . This means that in order to fulfill the 5-3 wave cycle from the top at 1.7929, the bulls still have to lift the pair to a new swing high in wave "C" of (B). . Considering the evidence supporting bullish bias on EURNZD, we will look for buy entry at market open. The projected target area for wave C of (B) is around 1.72497 where wave A is equal to wave C. . What's your view on EURNZD? Let's talk in the comment. . Thanks for reading! Veejahbee.
Long
by Veejahbee