EUR-NZD
EURNZD Sell the breakdown.EURNZD - Intraday - We look to Sell a break of 1.6889 (stop at 1.6917)
Daily signals are bearish.
Short term momentum is bearish.
There is no clear indication that the downward move is coming to an end.
Pivot support is at 1.6890.
A break of bespoke support at 1.6900, and the move lower is already underway.
Our profit targets will be 1.6811 and 1.6801
Resistance: 1.6940 / 1.6970 / 1.7000
Support: 1.6900 / 1.6870 / 1.6830
EURNZD ANALYSISEURNZD rebounded from supply zone with strong bearish movement
Pair is forming Head and shoulders pattern
Price is based below HVN at 1.7025 which indicates that pair is in distribution phase
MACD shows bearish momentum
we r waiting price to exceed support level at 1.6990 to open short trade
It's expected to target demand zone at level 1.6785
EURNZD approaching trendline resistance, potential for dropPrice is approaching resistance at 1.69097 where we may potentially see price push down towards 61.8% and 78.6% Fibonacci Extension . If price continue to bounce from the pivot , we would see It swing towards 78.6% Fibonacci Retracement and 100% Fibonacci Extension
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EUR/NZD Signal - EUR Sentix Investor Confidence - 5 Jul 2021EURNZD has bounced from support prior to the EUR Sentix Investor Confidence, which measures the confidence that investors have in various European investments. Technically the pair has bounced from a key support zone and the RSI has generated an oversold signal. We anticipate continued upside into the 1.6985 level.
EURNZD approaching support, potential for bounce|30th June 2021EURNZD is approaching support in line with horizontal swing low support, 38.2% Fibonacci retracement, and 100% Fibonacci extension. Prices might push up towards horizontal swing high resistance in line with 100% Fibonacci extension and 88% Fibonacci retracement. If prices push down, prices might take support on horizontal pullback support in line with 50% Fibonacci retracement and 78.6% Fibonacci retracement. EMA is also below prices, showing a bullish pressure for prices.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
EURNZD facing bullish pressure|29th June 2021EURNZD facing bullish pressure from ascending trendline support in line with 38.2% Fibonacci retracement and 61.8% Fibonacci extension. Prices might push up towards horizontal pullback resistance in line with 61.8% Fibonacci retracement as well as 78.6% Fibonacci extension. If prices continue to push down, prices might take support on horizontal pullback support in line with 161.8% Fibonacci extension and 127.2% Fibonacci retracement. EMA is also below prices, showing a bullish pressure for prices.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
EURNZD Buy at market.EURNZD - Intraday - We look to Buy at 1.6903 (stop at 1.6874)
Daily signals are mildly bullish.
Offers ample risk/reward to buy at the market.
Pivot support is at 1.6903.
Pivot support is at 1.6890.
We look to buy dips.
Our profit targets will be 1.6989 and 1.7009
Resistance: 1.6930 / 1.6970 / 1.7000
Support: 1.6900 / 1.6870 / 1.6850
EURNZD - Another 400pips??Our last EURNZD analysis played out perfectly and we managed to bank over 400pips! We are now approaching another strong area where we can look for buys and look for another 400pips.
On the chart I have indicated the various impulse and corrections.
We appear to be in an ABC correction and we are approaching the major trendline and a previous structure where it would be perfect to buy. On lower timeframe we will be monitoring for buying pressure - and looking at the NZD index to see when it drops.
Goodluck and trade safe!
EURNZD bullish breakout | 22nd June 2021EURNZD has shown a bullish breakout from the descending trendline resistance-turned-support and is now holding above the ascending trendline and moving average support. We could see further upside above Buy Entry, in line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension, towards Take Profit, in line with 127.2% Fibonacci extension and horizontal swing high resistance. MACD is also holding above 0 line, in line with our bullish bias.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
EURNZD bullish breakout, potential for further upside!Price has just seen a bullish breakout from descending trendline resistance-turned-support, and is now holding above both the ascending trendline and moving average support. We could potentially see further upside above 1st support, in line with 78.6% Fibonacci retracement, horizontal pullback support and moving average support, towards 1st resistance, in line with 127.2% Fibonacci extension and horizontal swing high resistance.
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EURNZD: Important Breakout & Bearish Continuation 🇪🇺🇳🇿
Hey traders,
EURNZD broke and closed below a support line of a rising wedge pattern on 4H.
The price formed a double bottom formation within the wedge leaving bearish clues.
Now I expect a bearish move after a retest of a broken trend line.
Goal - 1.682
❤️Please, support this idea with a like and comment!❤️