Outlook on EURNZD: Pullback presents an opportunity to sellOn the monthly time frame, EURNZD remains under pressure with a breakout and re-test of its previous ascending support line. Looking at the H2 time frame, prices remain under pressure, holding well below its resistance zone at 1.69500 area, in line with the 50% fiboancci retracement. A pullback to test this area presents an opportunity to play the drop to the next support target at 1.6650 support zone .
EUR-NZD
EURNZD approaching 1st support, potential for a bounce!Price is reacting below first resistance at 1.70577 which is in line with 61.8% Fibonacci retracement and 38.2% Fibonacci extension. It could potentially bullish from first support at 1.67452 in line with 78.6% Fibonacci retracement and 100% Fibonacci extension to first resistance. Our bearish view is further supported by how stocastic is reacting above the support where price increase in the past. Otherwise price may continue to bearish to second support at 1.6642 in line with Horizontal Swing Low and 127.2% Fibonacci extension.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
EURNZD [H4] Price is still running in the H/L frameEURNZD Price is still running in the H/L frame,
so recommend when the price touches the support area 1.664 - 1.667 area.
Recommend entering a sell position at the support to expect the price to bounce back or Swing High again.
SL below support
Goodluck Trader
TonTrader | TamjaiTrader
🚀🚀🚀🚀🚀🚀
EURNZD Sell a break setup.EURNZD - Intraday - We look to Sell a break of 1.6948 (stop at 1.6973)
Short term bias is bearish.
We look for losses to be extended today.
1.7163 has been pivotal.
Expect trading to remain mixed and volatile.
Our profit targets will be 1.6873 and 1.6853
Resistance: 1.7000 / 1.7040 / 1.7070
Support: 1.6970 / 1.6930 / 1.6900
EURNZD Sell the breakdown.EURNZD - Intraday - We look to Sell a break of 1.6878 (stop at 1.6903)
There is no indication that the selloff is coming to an end.
Our short term bias remains negative.
A break of yesterdays low would confirm bearish momentum.
Price action is forming a bearish flag which has a bias to break to the downside.
Our profit targets will be 1.6804 and 1.6784
Resistance: 1.6940 / 1.6970 / 1.7000
Support: 1.6900 / 1.6870 / 1.6830
🚀EURNZD with HIGH chance of big bulls!As we stated in our recent AUDUSD short, New Zealand has increated their lockdowns further, their delta covid situation might get a little out of hand, but even if it does not, closing the economy never helps.
EURNZD is the highest traded pair today so far based on volume and if we review the 3 charts we have in this analysis it does make sense that we could see a strong bull breakout to the next key level.
EURNZD to go higher or ???Let's watch for the breakout of this range on h4...
Hello there!
If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏
And if you would like to show further support for me, you can gift me some coins on tradingview! 😁
Thank you!
Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!
EURNZD (INTRADAY) trade - Long position possibility Hello traders,
We are currently looking at a intraday long trade on the EUR/NZD.
The pair is in bullish enviroment according to the indicators and structure broke bullish again.
Structure gives us a reversed H&S that indicates bullish pressure.
Also counter-trendline broke, wich means we will be waiting for the indicators to signal our entry.
Kind regards
EURNZD a buy opportunity 🦐EURNZD on the 4hchart is moving between an ascending trendline and a minor resistance.
The price created higher highs and consolidates below the structure.
On the last impulse, the market created a nice retracement exactly at our beloved 0618 and, according to Plancton's strategy if the price will break above the resistance and will satisfy the Academy condition, we will set a nice long order.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
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
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 interests 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.