Eur/Nzd

i think that we should sell now as we have a resistance level @1.6176 and EURNZD
will move downward until it each tp1@50% where we have a support level .

Abhi iske liye kuch nahi kaha ja sakta mere khayal se hume in naluss ke break hone ka intezar karna chahaiye .if the price break short term up Target 1.7658

I have never traded EURNZD in my life, how is the pair, how it performs, is it more volatile, and what is the usual spread for the pair

http://img43.imageshack.us/img43/5748/eurnzd.png
The pair is going up with an uptrend as shown in the H4 chart , i think the pair will continue moving up after passing the resistance level @ 1.6170 (61.8%) , i suggest to buy with target point @ 1.6391 (100.0%) which is the next resistance level , i don't advise to set trailing loss at this point but i think it will be better to set it before this level or don't set it at all and wait for the point at which the pair will reverse its direction and go down .

in the EUR/NZD pair Newzeland dollar going week against eur today in my 1hour chart
current trend in sideways condition but near in buy area/zone

The pair forming a flag on H4 chart as shown , so we can expect the pair to move down after testing the upper line of the down channel and so we can sell with target first at 38.2% and another target at the down line of the channel , with small stop lose above the channel +30 pips .

Attachment 1040

http://img525.imageshack.us/img525/2521/eurnzdm.png
The pair reversed its direction and moved down after coming close for the strong resistance level @ 1.6565 (100.0%) , i think this pair will continue moving down on the long term , we can sell this pair with small stop loss above the indicated resistance level with about 15 pips which means that when you lose this deal your loss will be small and it is a big advantage here , then i suggest to leave the target point free and control it manually as we have the next support level @ 1.6287 (61.8%) and also the uptrend at the same time which is so far of the current position of the pair

it is obvious that we have a strong moving up trend on the H4 chart and also we have a support level@61.8% so i predict that EURNZD will move upward out tp1@100% as we have a strong support level @this level.

From H4 chart shown below , we have a tested up trend there and the pair couldn't close below , so i expect the pair to continue up in next hours and will reach the resistance level at 0% and make retest , so I suggest buying now .


Attachment 1111

I can say that EURNZD will be more probably bearish - after price on today move can break down more that 61.8 fibo (1.6407) and then break down too to that MA 200 red line of course = if that happen = yes = the sell OP can be a nice action here of course. I see the bearish here can be max. to touch near that 76.4 fibo (1.6276). But, if the price not yet break that nice fibo level (61.8 = 1.6407) = just wait and see, of course