Are you struggling to achieve profits in forex trading? We are going to continue watching the EUR NZD, a very volatile and exciting pair to trade.
Updated EUR NZD charts
As usual, we will start out the month with a target trade and then go to regular, daily, and hourly charts for the rest of the month. Let’s see how this pair works out this month.
EUR NZD Target Trading
Monthly shows this pair with three targets. The first target is at 1.74955 – 251 pips above the current position; the second target is at 1.79027 – 660 pips above the current position; the third target is at 1.86956 – 1455 pips above the current position. The rsi and cmo is in the middle and appears to be headed to the sell zone indicating more up movement to come.
Weekly shows this pair has 4 targets. The first target is at 1.70037 – 262 pips below the current position; the 2nd target is at 1.73265 – 83 pips above the current position; the third target is at 1.84430 – 1202 pips above the current position; the fourth target is at 1.86159 – 1370 pips above the current position. The rsi and the cmo are just below the sell zone and appears to be headed towards the buy zone indicating more down movement to come.
Daily shows this pair has 2 targets. The first target is at 1.73746 – 113 pips above the current position; the second target is at 1.74473 – 185 pips above from the current position. The rsi and cmo is just above the buy zone. Once the rsi and cmo reach the buy zone a buy trade should be placed.
EUR NZD in the news
Bears are in complete control over the EUR/NZD, with this technical indicator sliding deeper into negative territory, according to DailyForex.
As for the near future, the EUR/NZD exchange rate could continue to decline during the following trading sessions. The potential target for bearish traders would be at the 1.7000 level.FX Street
My trading strategy for achieving profits in forex trading
Do you wonder how I analyze the market and do my forex analysis? Pivot points and target trading are used to find the direction of the trades, a method that really helps me and makes me profitable in most of the time. I have already written an article where I explained in detail how target trading works.
Are you struggling to achieve profits in forex trading?
All traders have good and bad times with their forex results. Maybe you just don’t feel ready to open new trades just based on the trading signals in this article. And that is okay. Never trade if you don’t feel comfortable. Sometimes the best thing a trader can do is to just rest and have a break. If you are tired of trading on your own, we have some good recommendations for you. We have covered plenty of trade-copiers here. Do you want to learn more about 7 of the most successful forex traders ever? We have just presented a very interesting list of legends of the Forex industry! If you want to learn some really effective Forex strategies, you should check out this article. Like every week, I’m super excited to share my fresh forex day trading tips with you, and I hope that everyone can maximize their profits based on my accurate forex trading signals.
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The last weeks before Christmas are often slower than normal in the currency markets, but hopefully, we will achieve some nice profits in forex trading already now, before this year is over.
Before participating in Foreign Currency Trading (Forex Market) you must consider carefully the risks of the market, which has big rewards potential, yet is also extremely risky. Consider all the risks carefully before investing in the Forex Market. Remember that all the information and signals, prices and trade recommendations provided here on Forex and Profits is only general information and market commentary, thus, it does not incorporate investment advice.