EUR-NZD
🚀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...
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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.
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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
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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.