EURNZD continues its strong bearish momentum after closing below intraday tunnel, the bias is bearish targeting last week's low at 1.6632 before making another historical low
EURNZD continues its strong bearish momentum after closing below intraday tunnel, the bias is bearish targeting last week's low at 1.6632 before making another historical low
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formed a very clear trend, so I put three SELL LIMIT namely
@1.7518 (SMA5 High H4) , @ 1.7591 (EMA62 H4) and @1.7659 (SMA5 High D1).
why I am very sure? because the candle heiken in the TF daily very long and emerging dimly spikes indicating a bearish trend continues.
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euronzd pair kafi time se sideways trend me chal raha hai
1.7600 pe iska 1 support hai aur 1.7700 pe iska 1 resistence jisse ye kafi time se nahi tod pa raha hai..
abhi iske liye kuch nahi kaha ja sakta..mere khayal se hume in values ke break hone ka intezar karna chahaiye
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EURNZD ANALYSIS
Expected trend for today: Bullish
Support 1.6748
Support 1.6702
Support 1.6614
Resistance 1.6882
Resistance 1.6970
Resistance 1.7016
Risk Disclaimer: Trading in financial markets and foreign exchange market (Forex) includes the risks and the possibility of loss.
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The trading rang for today is among the major support @ 1.7470 and the key of resistance @ 1.7780.
The general over short term basis is to the upside targeting 1.7630 as far as area of 1.7780 .
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EURNZD chart the momentum indicator shows clearly a cross as the blue line goes above the red line to make a good #NAME? signal for the current time.
The Oracle Strength indicator shows a yellow color and that indicates a upward direction on the EURNZD chart.
To be more accurate you can see the blue colored arrows which mean that there is a upward signal for now on the Oracle direction indicator.
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Eur/ The immediate short-bias remains at risk while above this threshold with near-term resistance eyed at the 100/200-day moving averages at 1.2960 and the 61.8% retracement at 1.30- both areas of interest for possible price exhaustion / short-entries IF reached. Ultimately, a break of the lows would keep the focus on key Fibonacci support at 1.2788/98. Review my latest GBP/USD Weekly Price Outlook for a look at the longer-term technical trade levels.
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Currency pair: Eur/nzd
trend; Buy
Support and resistance levels;
Support 1===== 1.7071
Support 2===== 1.7064
Support 3===== 1.7053
Resistance 1===== 1.7078
Resistance 2===== 1.7088
Resistance 3===== 1.7095
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formed a very clear trend, so I put three SELL LIMIT namely
@1.7518 (SMA5 High H4) , @ 1.7591 (EMA62 H4) and @1.7659 (SMA5 High D1).
why I am very sure? because the candle heiken in the TF daily very long and emerging dimly spikes indicating a bearish trend continues.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
When trying to analyze the EURNZD there is a bearish channel as you can see to narrow the market movement area between 2 trend lines which tells that the market is in his way for down trend.
Using the donchain channel you can see the price moving at the upper edge of it then I can think about south direction for the price as long as no opposite signs Currently the awesome oscillator has a Currently the awesome oscillator has a appear on awesome oscillator.
Currently the awesome oscillator has a red bars which appears above the level of 0 which can be considered as a good sell signal.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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