Eurnzdshort
EURNZD-- Looking for buy SignalDisclaimer:
the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. this is no signal. it's my opinion. trade your own risk. and Must Follow Money management.
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EURNZD - watching the daily chart ..19Jan 2021This pair in on my watchlist as I expect a reversal (continuation of downtrend) to occur at one of the 2 (green) zones on my chart.
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As always, please use sound money and risk management in all your trades.
EUR/NZD down trend now LH and is going to drop to LLHi traders,
as we look at EUR/NZD, It is in an down trend and is still going down.
After the EU market opened EUR/NZD broke a bit above the trend line this is normal and prob go down, because it is in an down trend right now.
If you take the trade good you will have a 1/5 rr ratio. Still be careful I'm not responsible for your trades.
Semfttrading
EURNZD - Bearish BiasEUR - BEARISH
1️⃣ Concerns over rising COVID-19 cases, fresh lockdowns and the slow pace of vaccination.
2️⃣ The European Central Bank's economic bulletin showed that Euro Area economic indicators pointed to a fourth-quarter economic contraction.
NZD - BULLISH
1️⃣ The positive risk tone boosted the antipodeans.
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Technical
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We are looking to sell the EURNZD at the resistance of 1.69000 + below SMA 50 on the H1 chart.
EURNZD - Range Needs BreakingFrom a higher timeframe perspective, this pair has been travelling between a wide range.
When the market creates ranges it also accumulates orders at supply and demand regions.
I believe we may see a scoop below the previous support then a re-entry into the range, as illustrated.