Eur/Nzd

[pmln]

Plus there is political uncertainty, "said Rob Dobson, Economist of IHS Markit, in a written statement. In addition to economic growth, investors should also look at the release of Chinese trade data on August 8.

In July, exports of the Bamboo Curtain country were estimated to contract 2.2% YoY, 7.6% YoY imports, and a trade balance surplus of US $ 37.49 billion, citing the consensus of Trading Economics. This data is important because it can determine the direction of US-China trade negotiations.

[Version2]

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While many forex traders prefer intraday trading, because market volatility provides more opportunities for profits in narrower time-frames, forex weekly trading strategies can provide more flexibility and stability. A weekly candlestick provides extensive market information. It contains five daily candlesticks, and changes which reflect the actual market trends. Weekly forex trading strategies are based on lower position sizes and avoiding excessive risks.

[Samranfaizan220]

On Oct 18, uptrend move led EUR/NZD to a multi- year high at 1.7929. On Oct of this year the price rallied again. However, the pair has not been able to push towards the previous peak highlighting less buyers were ready to join the market.

Currently, the price tests the uptrend line originated from the Feb 6 low at 1.4535. A bearish signal could be generated from a close below the uptrend line for two consecutive weeks. This could lead the price towards 1.5905.

[aliakhtar829]

Time Frame - 4 Hour
Currency pair - EUR/NZD
Buy @ - 1.6883
Stop Loss - 1.6767
Take Profit - 1.7000
Risk reward ratio - 1 : 3
The pair may go bullish and possible retracement uptrend. Buy dips sell high.

[Qasimbhayo786]

EURNZD: Bearish Gartley
After we booked profits on CD wave of AB=CD pattern we can see a bearish Gartley formed. Short term targets are 1.6791 and 1.6751 and the extended target is the CD leg of a bullish Gartley at 1.6670

[Muhammadfaizan]

As idle cash looks to find a strong and secure yield, it is no wonder that the New Zealand Dollar has benefited from the current Euro-Zone crisis. Pairs such as the Australian Dollar and New Zealand Dollar are often viewed as a proxy for Chinese growth and thus have performed well against the Euro in recent years. Although Chinese growth may become a cause for concern as the nation shifts away from export led growth, weakness in the Euro-Zone may cap any significant reversal.

[Arshad170]

Today Market trend:sell.Current price aur previous price market ke down hony ka ishara de rahe hain .Resistance and Support points bhi market ke down hony ka ishara de rahe hain Isliye hum ko sell main trade laga deni chahiye
KEY LEVELS
R3 1.6904 R2 1.6872 R1 1.6850 PP 1.6818
S1 1.6796 S2 1.6764 S3 1.6742

[Zeeshan420]

Today Market trend:sell

Current price aur previous price market ke down hony ka ishara de rahe hain

Resistance and Support points bhi market ke down hony ka ishara de rahe hain

Isliye hum ko sell main trade laga deni chahiye

[Iqlevel]

Current price very is potential to fall again. this pair price already touched daily support level 1 and below trend line. Now the price try to move Downward. I think the price may touch daily pivot point frokhat ki satah par hai . so you can take Sell position today. pivot point will be first target . after that price maybe can go to first support . stop loss area around resistance 1 level
Recomend Today = Bearish Trend 85%
ye pair abi strong resistance or fibo level zero par hai. agar ye es resistance ko todta hai to ese khridna chahiye. but mujhe lagata hai ki yahaa se eska girna suru hoga. we can become rich from forex trading if we can trade with the right understanding of the market, need to trade with the right discipline and we should not think of making more money by taking high risks, and take low risk with high profit strategies.

[Joni]

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Rsi
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