EURNZD -Weekly forecast, Technical Analysis & Trading IdeasMidterm forecast:
While the price is above the support 1.82059, resumption of uptrend is expected.
We make sure when the resistance at 1.85400 breaks.
If the support at 1.82059 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
The ascending flag taking shape suggests we will soon see another leg higher.
While the RSI uptrend #1 is not broken, bullish wave in price would continue.
A peak is formed in daily chart at 1.85400 on 12/27/2024, so more losses minimum to Major Support (1.82059) is expected.
Relative strength index (RSI) is 43.
Supports and Resistances:
1.87650
1.85400
1.82059
1.78251
1.76500
1.74929
1.73804
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EUR (Euro)
EURNZD - Weekly forecast, Technical Analysis & Trading IdeasMidterm forecast:
1.84895 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:
A trough is formed in daily chart at 1.81705 on 02/21/2025, so more gains to resistance(s) 1.89340, 1.90550, 1.91400 and more heights is expected.
Supports and Resistances:
1.95650
1.90550
1.87650
1.85400
1.81700
1.78251
1.76500
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EURAUD continues to flirt with the highest point of 2024We mentioned this pair last week and told you to keep an eye on the highest point of 2024. And there we are, MARKETSCOM:EURAUD is flirting with that area. If we continue to see the rate struggling to remain above that hurdle, there might be a chance for a slight retracement.
What do you think?
Let's dig in!
FX_IDC:EURAUD
Let us know what you think in the comments below.
Thank you.
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EURUSD on its 1W MA200 after 5 months.The EURUSD pair hit on Friday its 1W MA200 (orange trend-line) for the first time in 5 months (since October 03 2024). This is a major Resistance level which initiated a strong -4.00% decline on December 28 2023.
In fact -4.00% declines have been quite common for EURUSD in the past 2 years. However, the pair's strongest Resistance level has been the 1M MA100 (red trend-line) which has formed both market tops on October 01 2024 and July 18 2023.
As a result, the most optimal sell entry would be when the 1W RSI hits its Resistance Zone, with the price probably close to the 1M MA100 within the Lower Highs Zone. On the long-term, the R/R has shifted dramatically in favor of selling right now. If the rejection does happen on the 1W MA200 eventually and won't close any 1W candle above it, we have a short-term Target at 1.04600 (-4.00% decline) and if the rejection takes place higher, we will be expecting a bottom near parity with a technical Target at 1.00500 (Lower Lows Zone).
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Euro can rebound up from support line to 1.1000 pointsHello traders, I want share with you my opinion about Euro. Looking at this chart, we can see that a few days ago, the price entered a range, where it immediately broke through the 1.0425 support level, which aligned with the buyer zone, and then moved to the upper part of the range. After trading near this area for some time, the price dropped back to the buyer zone, reaching the support line before starting to rise again. Soon, the Euro broke the 1.0425 level once more and later exited the range, continuing its upward movement. Not long after, the price climbed to the 1.0805 support level, which coincided with a support area. It traded around this level for a while before breaking through it as well. Following that, the Euro reached the resistance line, reversed, and corrected back to the support area, where it found support again. Recently, it rebounded and started moving upward. Given this, I expect a further rebound from the support line and a breakout above the resistance line. Based on this scenario, my TP is set at 1.1000 points Please share this idea with your friends and click Boost 🚀
EURO - Price can drop to $1.0700, breaking support levelHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Recently price started to trades inside a broadening wedge, where it at once bounced up from support level to resistance line.
Then Euro some time traded in a range, and then dropped to support line of wedge, breaking $1.0420 level.
After this, Euro turned around and made strong upward movement to resistance line of a broadening wedge.
Also, it broke $1.0420 level and soon exited from broadening wedge and broke $1.0770 level too.
Next, Euro continued to move up inside rising channel, where it rose from support level to resistance line.
Possibly, price can rise a little in a channel and then bounce down to $1.0700, breaking support level and exit from channel.
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"EURNZD Bullish Momentum Continues: Next Wave After Retest"EURNZD has followed the predicted bullish momentum, currently trading at 1.89 and aiming for the 1.93 target. The pair remains strong within its uptrend, signaling continued buying pressure. However, a small retesting phase is likely before the next bullish wave, allowing the market to confirm support levels and attract further buyers. This setup aligns with the technical outlook, reinforcing the expectation of further upside movement.
A minor retracement or consolidation at current levels could offer a healthy correction, giving traders an opportunity to re-enter before the next surge. Fundamental factors, including recent economic data from the Eurozone and New Zealand, suggest a favorable scenario for EUR strength. If risk sentiment remains positive and the European economy continues showing resilience, EURNZD could gain further momentum toward the 1.93 target.
Traders should watch for confirmation signals such as increased volume, bullish candlestick formations, or breakouts from key resistance zones. If the pair successfully holds above its retesting level, the next leg of the rally could unfold, offering another profitable move. As always, proper risk management is crucial to navigate potential market fluctuations effectively.
HelenP. I Euro may rise a little and then start to fallHi folks today I'm prepared for you Euro analytics. Looking at this chart, we can see how the price entered a wedge formation and immediately dropped to the trend line, breaking Support 2. The Euro also made a sharp gap down but soon reversed and started to climb from the trend line within the wedge. Shortly after, the price reached Support 2, which aligned with the support zone, and broke through it. Following this, it continued to rise, reaching the wedge’s resistance line before reversing and making a correction. Later, it returned to the trend line, broke below it, and exited the wedge, falling back to Support 2. For some time, the price traded near this level before making a strong upward impulse, breaking above the trend line, and eventually reaching 1.0770 (Support 1), which also coincided with the support zone. Soon after, the price broke through this level as well and started consolidating around it. Recently, the Euro has continued to push higher. However, in this scenario, I expect EURUSD to rise slightly before dropping below the support level, breaking it. With that in mind, my goal is set at 1.0700. If you like my analytics you may support me with your like/comment ❤️
EUR-CHF Local Long! Buy!
Hello,Traders!
EUR-CHF is retesting a
Horizontal support level
Of 0.9518 while trading
In an uptrend so we are
Bullish biased and we
Will be expecting a bullish
Rebound and a move up
Buy!
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Digesting the US & Canada job numbers The numbers are out and, so far, the market is reacting logically. Let's dig in!
NASDAQ:AMD
NASDAQ:AVGO
NASDAQ:NVDA
MARKETSCOM:GOLD
MARKETSCOM:EURUSD
MARKETSCOM:DOLLARINDEX
MARKETSCOM:USDCAD
Let us know what you think in the comments below.
Thank you.
74.2% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK. Cryptocurrency CFDs and spread bets are restricted in the UK for all retail clients.
After strong impulse up, Euro makes correction to 1.0600 pointsHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see that the price entered a wedge formation and immediately started to decline. The Euro broke through the 1.0410 level, creating a strong gap before reaching the wedge's support line and beginning to rise. In a short time, it climbed back to the support level and attempted to break it but failed, pulling back slightly. After that, the Euro returned to the 1.0410 support level and finally managed to break through. Following this move, it reached the resistance line of the wedge and made a correction down to the support level. Then, the Euro pushed back up to the resistance line, consolidating near it for a while before dropping to the buyer zone, where it later touched the wedge’s support line again. From there, it made a strong upward impulse, breaking the 1.0410 level once more, exiting the wedge, and surging to 1.0820. However, more recently, the price reversed and started to decline. I believe the Euro may enter a corrective phase after such a strong upward move. Based on this, my TP is set at 1.0600 points. Please share this idea with your friends and click Boost 🚀
EURNZD at Key Resistance Level: Will it Drop To 1.87030?OANDA:EURNZD has reached a key resistance zone, marked by strong selling pressure. This suggests the potential for a bearish reaction if sellers step in.
If the price shows clear signs of rejection from this resistance zone, I anticipate a move downward toward the 1.87030 level, which serves as a logical target for this setup. Conversely, a clean breakout above the resistance zone could signal a potential bullish continuation.
Traders should monitor for bearish confirmation signals, such as bearish engulfing candles, long upper wicks rejecting the resistance, or increased selling volume before considering short positions. Let me know your thoughts or any additional insights you might have
EURCHF at Key Support: Will Buyers Step In?OANDA:EURCHF has reached a significant support zone, marked by prior price rejections and strong buying pressure. This area has historically acted as a key demand zone, indicating the potential for a pullback if buyers regain control.
The current market structure suggests that if the price confirms a rejection from this support zone, there is a high likelihood of an upward move. I anticipate that if rejection occurs, the market may head higher toward the 0.94320 level, which represents a logical target within the current market structure.
If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!
EURJPY - Follow the Bears!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📉EURJPY has been overall bearish trading within the falling wedge pattern marked in red.
Since it is retesting the upper bound of the wedge, I will be looking for trend-following sell setups on lower timeframes.
For now, we wait!⏱️
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
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EUR/JPY Technical AnalysisTrendline Breakout:
EUR/JPY has broken a long-standing descending trendline, which previously acted as dynamic resistance, pushing the price lower. The breakout indicates a potential trend reversal from bearish to bullish.
Retesting Support Zone:
After the breakout, the price has retraced back to a key support zone around 156.000, highlighted in purple. This area has previously acted as a strong demand zone, where buyers have stepped in multiple times. Retesting this zone is a natural price action movement before confirming further upside momentum.
Bullish Projection:
If the support at 156.000 holds, EUR/JPY is expected to resume its bullish movement towards key resistance levels at 158.000 and ultimately 160.000. These levels align with previous price reaction zones, making them crucial take-profit areas for buyers.
Could the Fiber reverse from here?The price is reacting off the pivot and could reverse to the 1st support.
Pivot: 1.0783
1st Support: 1.0598
1st Resistance: 1.1007
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EUR/NZD Finally Gave A BEARISH P.A,Let`s Sell It To Get 250 PipsHere is my opinion about EUR/NZD , Pre starting giving amazing bearish price action and finally we have a good breakout and head and shoulders pattern in 2h time frame , i`m selling this pair and targeting 250 pips .
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Bearish reversal off pullback resistance?EUR/USD is reacting off the resistance which is a pullback resistance that lines up with the 138.2% Fibonacci extension and could reverse from this level to our take profit.
Entry: 1.0788
Why we like it:
There is a pullback resistance that aligns with the 138.2% Fibonacci extension.
Stop loss: 1.0954
Why we like it:
There is a pullback resistance that is slightly above the 71% Fibonacci retracement.
Take profit: 1.0616
Why we like it:
There is an overlap support level that lines up with the 50% Fibonacci retracement.
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EURUSD Rejection expected that will take it to parity.EURUSD crossed above its MA200 (1d) and is headed for the top of the long term Channel Down.
A rejection similar to September 2024 is highly likely (which pulled the price to the 1.382 Fib), especially since this week's rise has been huge and based solely on geopolitics.
Trading Plan:
1. Sell on the current market price.
Targets:
1. 1.000 (the 1.382 Fibonacci extension).
Tips:
1. The RSI (1d) is overbought. The last time it was this high was on August 23rd 2024. Exactly on the last Lower High of the Channel Down.
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Bullish bounce off pullback support?EUR/NOK is falling towards the pivot and could bounce to the 1st resistance.
Pivot: 11.7451
1st support: 11.6802
1st Resistance: 11.8215
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.