๐ Pair: EURNZD
๐ Timeframe: Likely H1 or H4
๐ Date: May 18, 2025
๐ Technical Analysis
๐ Key Zones
๐ด Resistance-Turned-Support (RTS):
1.8975 โ 1.8990
This area was previously a resistance level that price broke above, and is now acting as a critical support zone (flip zone). Price is currently retesting this area.
๐ฏ Target Zone (Resistance):
1.9085 โ 1.9110
This is the next projected bullish target if price successfully rebounds from current support.
๐ Major Support Zone:
1.8840 โ 1.8860
Strong buying interest was seen here previously, acting as a safety net in case of bearish rejection from the current level.
๐ EMA Confluence
๐ EMA 200 (Blue): 1.8975
๐ EMA 50 (Red): 1.8981
Price is hovering around the EMAs, indicating a moment of decision. A decisive move above these EMAs could trigger bullish momentum. ๐
๐ฎ Scenario Outlook
๐ข Bullish Scenario (Preferred Setup)
โ Confirmation above 1.8990
โก๏ธ Retest and continuation could push price toward the 1.9100 target zone.
๐ผ Momentum supported by prior breakout and higher lows.
๐ Entry Idea: Above 1.8995
๐ฏ Target: 1.9100
๐ก๏ธ Stop: Below 1.8950
๐ด Bearish Scenario
โ If price fails to hold the 1.8970โ1.8990 zone, a breakdown could follow.
โฌ๏ธ Likely move toward 1.8850 support zone.
๐จ Watch for bearish engulfing or rejection candles near resistance.
๐ง Summary
Price is at a key decision point.
โ Bullish bias is slightly stronger due to market structure (higher highs & higher lows).
โ ๏ธ But a clean break below support would shift focus to the downside.
๐ Strategy: Wait for confirmation โ๏ธ
Bullish: Break + retest of 1.8990
Bearish: Breakdown below 1.8950 and close under EMAs
๐ Timeframe: Likely H1 or H4
๐ Date: May 18, 2025
๐ Technical Analysis
๐ Key Zones
๐ด Resistance-Turned-Support (RTS):
1.8975 โ 1.8990
This area was previously a resistance level that price broke above, and is now acting as a critical support zone (flip zone). Price is currently retesting this area.
๐ฏ Target Zone (Resistance):
1.9085 โ 1.9110
This is the next projected bullish target if price successfully rebounds from current support.
๐ Major Support Zone:
1.8840 โ 1.8860
Strong buying interest was seen here previously, acting as a safety net in case of bearish rejection from the current level.
๐ EMA Confluence
๐ EMA 200 (Blue): 1.8975
๐ EMA 50 (Red): 1.8981
Price is hovering around the EMAs, indicating a moment of decision. A decisive move above these EMAs could trigger bullish momentum. ๐
๐ฎ Scenario Outlook
๐ข Bullish Scenario (Preferred Setup)
โ Confirmation above 1.8990
โก๏ธ Retest and continuation could push price toward the 1.9100 target zone.
๐ผ Momentum supported by prior breakout and higher lows.
๐ Entry Idea: Above 1.8995
๐ฏ Target: 1.9100
๐ก๏ธ Stop: Below 1.8950
๐ด Bearish Scenario
โ If price fails to hold the 1.8970โ1.8990 zone, a breakdown could follow.
โฌ๏ธ Likely move toward 1.8850 support zone.
๐จ Watch for bearish engulfing or rejection candles near resistance.
๐ง Summary
Price is at a key decision point.
โ Bullish bias is slightly stronger due to market structure (higher highs & higher lows).
โ ๏ธ But a clean break below support would shift focus to the downside.
๐ Strategy: Wait for confirmation โ๏ธ
Bullish: Break + retest of 1.8990
Bearish: Breakdown below 1.8950 and close under EMAs
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JOIN MY TELEGRAM CHANNEL
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JOIN MY RECOMMENTED BROKER REFFREL LINK
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PARTNER CODEโคต๏ธ
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JOIN MY RECOMMENTED BROKER REFFREL LINK
โคต๏ธone.exnesstrack.net/a/uvd1etcgg1
PARTNER CODEโคต๏ธ
uvd1etcgg1
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.