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Eurnzdforecast

The #EURNZD continues its trendOur recommendation for this currency is a sell recommendation! Here are the reasons: 1. The trend is a distinct downward trend. We see this in the graph above that each round of increases is smaller than the previous one. 2. The eurnzd candles are below the cloud, the blue line is above the red line, we have a bearish cloud, all of which are from Ichimoku indicator that indicates a sales signal. 3. We are below the important Moving averages (100,200). At 1.6350 there is technical support and probably the eurnzd is going to go. Sell EURNZD: Entry Price:1.6530 Take Profit: 1.6350 Stop Loss:1.6620
Short
by xosignals
buy #eurnzd at 1.6550 for 3 targetthis is very special the bank of NZ said friday that have a chance to cut the rate this years and the market reacted dovish for NZD and HOPE few minues after it erase all his loss and even gain more so is may due to the optimist of US-China trade talks. But anyway for me the trade talks are 75% priced by the market now so if i am wrong i think is just about my Stop loss and to enter early,as even the dairy milk data come very soft and other macro data not so good. so is a trade to try,i think even we not reach my target 3 we can still go to the 1 not so hard and put a trailing stop after. Cheers
Long
by corsicasia