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Eurnzdforecast

EURNZD POSSIBLE BUY SET UPAfter a long range and wedge formed since december until it finally exploted last week closing above the previosu daily high,so right now we got the following confirmations to expect further upside movement: 1. Wedge pattern broke to the upside 2. New HH formed in the higer timeframes 3. closed above the MP & AT fib 4. Broke out after a Elliot compeltion 5. 1st impulse formed now expecting a pullback to form the 2nd one So i would liek to see a daily or 4h retest 1.6700 area or ideally to the 1.6660 and ocne price reach there ill monitor it on the 4h timeframe and see if we can hold above these levels
Long
by Forex_Society
More Kiwi Weakness? - Ichimoku EUR/NZD Long Trade SetupThis pair has seen a really nice bullish trend since its original kumo breakout a couple weeks ago. I am looking to hop into a trend continuation here to catch some more bullish movement. I've set a buy entry above our current candle, but a more conservative entry would be at or above the wick of the most recent structure high. I've drawn out some partial take profit levels where I can look to take some profit and risk off the table should this setup advance my way. If price fails to break higher or hold support, this setup may become invalidated. 
Long
by The808Trader
EURNZD MAJOR BREAKOUTEURNZD was travelling in a blue triangle, but as you know from our previous trades, price broke out to the downside, came back to retest the triangle at the 0.618 retracement level before making its way much lower then the previous support zone. Price is now travelling in a descending channel and has touched the bottom after a large impulse move down, we expect price to come up to the 0.618 and then back down to the -1.27 extension level.
Short
by UnknownUnicorn2396129
EURNZD SET TO SURGE HIGHER IN WAVE C OF (B)Hi Traders, The EURNZD seems to have completed wave B of (B) which unfolded as a double zigzag pattern "w-x-y," after a strong sell-off in (A) from Oct-Dec 2018. . Wave c of (y) of B also unfolded as an ending diagonal pattern. Also, prices have made a triple bottom pattern on the chart with MACD indicator also flashing bullish divergence (Not on chart). . According to the Elliott Wave principle, every impulse is followed by a three-wave correction in the opposite direction, but EURNZD has only drawn two waves, labeled A-B, from the bottom of the wave (A) at 1.6330. . This means that in order to fulfill the 5-3 wave cycle from the top at 1.7929, the bulls still have to lift the pair to a new swing high in wave "C" of (B). . Considering the evidence supporting bullish bias on EURNZD, we will look for buy entry at market open. The projected target area for wave C of (B) is around 1.72497 where wave A is equal to wave C. . What's your view on EURNZD? Let's talk in the comment. . Thanks for reading! Veejahbee.
Long
by Veejahbee
THE EURO AND KIWI TRIANGLE BREAKOUT!EURNZD has been travelling in a triangle to the downside. We entered into a long position after we saw some confirmations of trend reversal on lower time frames ,our target for the long position (RETEST) is the 0.618 of the large previous downwards impulse move. This is where we have short positions locked and loaded. we hope you enjoy some profits from this trade opportunity... Our first target is the previous support area where the sl is of the current long trade and ur second target is the -1.27 extension of the whole impulse move, marked above on the chart.
Short
by UnknownUnicorn2396129
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