EURNZD. Growth will continue to a key level.Hello dear traders.
The price of the Euro today has strengthened against the New Zealand dollar,
it will continue to grow to a key level,
there it will stop growing.
Good luck to you.
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Eurnzdbuy
EUR NZD Top down AnalysisMonthly Chart: At a monthly resistance area 1.85389 after being on solid uptrend. Currently Monthly Candle is a large selling candle but this could just be a pullback. With only a few more days left in the month, I will have this pair under close watch knowing we are at a key monthly area
Weekly Chart: Price recent burst above the resistance area before reversing back down on the weekly chart but does not drop below the 50ema giving me a bullish bias still on this pair. There is a weekly SR lvl that price is currently respecting above the monthly SR area giving us further bullish bias. Price on the weekly is currently in a downtrend illustrated by the downward trend line but on the weekly time A fib tool was drawn from the recent swing low to the swing high to confirm price is currently in between 0.5-0.618 retracement level meaning this could just be a pullback and price could continue its uptrend. Need confirmation using price action data to verify pullback
Daily Chart: The daily candle is showing a bullish flag pattern. On the daily charts we see price is currently near the 50ema for the daily while also respecting the newly formed SR area. Am now looking for the of flag pattern and confirmation on all time frames before entry
EURNZD Market Outlook | Daily Forex Market BreakdownHello traders, please LIKE & FOLLOW, thank you!
EURNZD is looking very interesting. Not much movement, currently going sideways for the time being. We need to break out of the current range of consolidation. That being said it looks like it is gearing up for some good long opportunities! Patience will be absolutely key with this one.
EURNZD Market Outlook | Daily Forex Market BreakdownEURNZD PLZ LIKE & comment!
GA is looking amazing. We should be pushing up soon to make a higher high in the market structure. That being said I feel we should see a retracement back to the downside before we push up and make that high. If we fail to make a higher high then we could be seeing some big movement to the downside. Keeping a very close eye on this pair!
EURNZD Market Outlook | Daily Forex Market BreakdownEURNZD
It seemed like we tried to push up but the bulls were instantly taken out. I’m not convinced the bulls are in control yet. We could come down and make a lower low or a double bottom. Keeping a very sharp eye on EURNZD. I would like to see EN push lower giving us a clean entry for a long.
EURNZD - Descending Wedge Bullish Breakout Confirmed📢EURNZD 2H - Technical Breakdown
📈Price action has recently broken out to the upside from the visible descending wedge pattern with building momentum. The 50 MA at 1.80120 has been surpassed indicating strength building to the upside which could result in a new up-trend playing out over the remainder of this week.