EURNZD | Euro (EUR) to New Zealand Dollar (NZD) Rate in the Forex market
Euro vs New Zealand Dollar
The Main Threshold Fair value Gap 1.6770 will be target for EUR/NZD on Feb 12, 2020https://forex-images.ifxdb.com/userfiles/20200212/appsimage_analytics5e4361f4c2bc9.jpg
At the 4-hour chart, EUR/NZD seems to be ready to test 1.6770 as the target today. However, there is a possibility today that 1.6956 will be re-tested first before...
Daily analysis of EUR/NZD for 30.08.2019https://forex-images.ifxdb.com/userfiles/20190830/appsimage_analytics5d68ee05366a6.png
The picture shown above is the daily chart of EUR/NZD. Green line represents the resistance point, which has turned into support. The pair has been following the uptrend for many...
Elliott wave analysis of EUR/NZD for June 11, 2018https://forex-images.ifxdb.com/userfiles/20180611/analytics5b1de8ea384b3.png
EUR/NZD failed to break directly above resistance at 1.6821, as a more complex wave ii/ correction developed. This wave ii/ correction now looks complete, with the test of 1.6707...
Elliott wave analysis of EUR/NZD for June 7, 2018https://forex-images.ifxdb.com/userfiles/20180607/analytics5b18a7dc1c566.png
EUR/NZD has rallied nicely from the 1.6598 low and is currently testing important resistance at 1.6764. We need a clear break above here, to confirm that wave ii did complete...
Elliott wave analysis of EUR/NZD for June 6, 2018https://forex-images.ifxdb.com/userfiles/20180606/analytics5b1754b7950d0.png
We have seen another dip to just below 1.6606 (the low has been seen at 1.6598) and we think it's a matter of time before a bottom is in place...
Elliott wave analysis of EUR/NZD for June 5, 2018https://forex-images.ifxdb.com/userfiles/20180605/analytics5b162473ea8fb.png
As long as resistance at 1.6764 is able to cap the upside, as long will the downtrend from 1.7294 stay alive. That said, we see a very limited potential towards...
Elliott wave analysis of EUR/NZD for June 4, 2018https://forex-images.ifxdb.com/userfiles/20180604/analytics5b14b11b67dd7.png
We are still looking for a clear break above minor resistance at 1.6764 to confirm that wave ii has bottomed and wave iii to above 1.7300 is ready to develop...
Elliott wave analysis of EUR/NZD for June 1, 2018https://forex-images.ifxdb.com/userfiles/20180601/analytics5b10bb95e30d6.png
Our long-term chart shows that a long-term bottom was found with the test of 1.3860 in April 2015 and more upside towards 1.9844 is expected. The 1.9844 target marks both...
Elliott wave analysis of EUR/NZD for May 30, 2018https://forex-images.ifxdb.com/userfiles/20180530/analytics5b0e1a3087841.png
The break below the important support at 1.6670 was unexpected and has forced us to shift our long-term count. This new count still favors a bullish outlook, but sees...
Elliott wave analysis of EUR/NZD for May 29, 2018https://forex-images.ifxdb.com/userfiles/20180529/analytics5b0cc6197e3a3.png
EUR/NZD extended its decline to the 200% extension-target of the wave A/, which is seen at 1.6691. It's possible that we will revisit this low, but we should stay above...