EURNZD 1.68555 sell area, medium riskEURNZD 1.68555 sell area, medium risk
Great Key LVL, RSI over Buy, Fib lvl
EUR-NZD
Wait for sign to bounce and go long for this reversal...
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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.
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EURNZD facing bearish pressure, potential for further downside!Price is facing bearish pressure as it holds under the descending trendline resistance and MACD holds under the 0 line, in line with our bearish bias. We could potentially see a reversal at 1st resistance, in line with our 61.8% Fibonacci retracement, 78.6% Fibonacci extension and descending trendline resistance, and further downside towards 1st support, in line with our 78.6% Fibonacci extension and horizontal swing low support.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURNZD testing the 0.5 Fibonacci level 🦐EURNZD after the last impulse over the weekly resistance started a retracement move.
The market is now testing the 0.5 Fibonacci level near to the weekly support.
According to Plancton' strategy if the price will break above and the conditions will be satisfied 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.
Leave a comment that is helpful or encouraging. Let's master the markets together
EURNZD 4H buy trending uptrendEURNZD 4H trending an uptrend .The price is above ema .sto rsi indicator is going up.
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EURNZD Sell the resistance.EURNZD - Intraday - We look to Sell at 1.6815 (stop at 1.6841)
Daily signals are mildly bearish.
20 4hour EMA is at 1.6810.
Preferred trade is to sell into rallies.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Our outlook is bearish.
A break of yesterdays low would confirm bearish momentum.
Our profit targets will be 1.6742 and 1.6702
Resistance: 1.6800 / 1.6850 / 1.6900
Support: 1.6760 / 1.6730 / 1.6700
EURNZD - Getting Closer to EntryEURNZD is setting up nicely for us to enter. We require another impulse and correction before entry as we will have more confluence on our side and can set a small stop loss for major gains. See chart for entry point.
Trade Safe.
EURNZD - Setting Up Beautifully For LONGSWe're anticipating further NZD weakness (See links below as to why we're anticipating NZD weakness). We require this pair to pullback a little more before entering.
The ideal entry would be back to the ascending trendline and fibonacci levels (0.5 and 0.618),
Goodluck and trade safe!
EURNZD Sell the resistance.EURNZD - Intraday - We look to Sell at 1.6806 (stop at 1.6832)
Daily signals are mildly bearish.
Pivot resistance is at 1.6828.
We look for a temporary move higher.
50 4 hour EMA is at 1.6792.
Preferred trade is to sell into rallies.
Our profit targets will be 1.6728 and 1.6688
Resistance: 1.6780 / 1.6800 / 1.6820
Support: 1.6730 / 1.6700 / 1.6660
EURNZD Sell the break to the downside.EURNZD - Intraday - We look to Sell a break of 1.6896 (stop at 1.6931)
Rallies should be capped by yesterday's high.
A move through 1.6900 will confirm the bearish momentum.
A higher correction is expected.
Short term MACD has turned negative.
Price action has continued to range within a triangle formation.
Our profit targets will be 1.6791 and 1.6751
Resistance: 1.6970 / 1.7000 / 1.7050
Support: 1.6900 / 1.6850 / 1.6800
EUR NZD ShortEUR NZD Is in a downtrend, we have broken the ema and rejected with pinbars; its time to short down to support zone range.
Momentum to downside is high right now still; a larger move downtrend is expected.
Ichimoku hourly is bearish
EURNZD LongsLooking for rejection off the 38.2 fib level (H4 EMA) or the 50 fib level (Daily EMA) to take this long
EURNZD - Setting Up Beautifully For LONGSWe're anticipating further NZD weakness (See links below as to why we're anticipating NZD weakness). We require this pair to pullback a little more before entering.
The ideal entry would be back to the ascending trendline and fibonacci levels (0.5 and 0.618),
Goodluck and trade safe!
EURNZD - 29 March - 2 April 21 Week Trade PlanEURNZD
Previous Month : Bearish
Previous Week : Bullish
Daily : Bearish
- EURNZD managed finally to break the range 1.6660/1.6520 to the upside with a solid 300 pip bullish candle which was due to NZD housing prices and Risk Off sentiment in market (NZD is a risk driven currency) reaching a solid resistance zone 1.7020/1.6980.
- Currently resistance zone is a historical Sup/Res that did hold for several times. Lately acted as a solid resistance during Jan in a ranging area from 1.7020 1.6820.
- COT report showing that NZD long positions are getting closed while NZD shorts are not increasing which means that this is a take profit for Long positions and still not a change in positions to Short NZD. We need more views on next 2 weeks positioning in order to have clear view on position changes.
- Seasonality showing that EURNZD will reach it’s top this month and will start continuing it’s bearish trend. Which could justify the spike this month along with the COT long positions.
- I’m looking for EURNZD to range between 1.7020/1.6820 after the current run from the lows created at 1.6500 which acts as a HL after the 1.6320 LL created in Feb.
- Will prefer longs with support formation above 1.6700 to retest the highs created at 1.6980 and may be continuation. And shorts with resistance formation below 1.6980 to retest the broken range high at 1.6660/1.6620
- Building Permits on Tuesday and Consumer Confidence on Thursday may give some move during Asian Session but not trend changer.
Weekly Trade Plan 4H Chart:
EUR-NZDshare you're toughts on this one
-- dont take it as financial advice im still learning and i can't predict the future no one can!! --
EURNZD: Still Bearish? Or Bullish Potential?Hello all,
This is my analysis for EURNZD .
- Both lower-risk long and short areas have been clearly indicated with price targets.
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EURNZD: Similar Historic StructureHello all,
This is my analysis for EURNZD .
- As you can see, price is forming similar historic structure. Do you think price will flip bullish soon? Comment down below!
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EUR/NZD Multi-timeframe Analysis + Bullish SetupGood morning traders, today we bring you our bullish setup in the EUR/NZD pair along with its long-term analysis.
🔸As we see in the 4H chart, the price is in a great consolidation at the edge of the bearish channel.
🔸Regarding the corrective pattern, it is a clear A-B-C pattern, which we can now consider finished.
🔸If we draw the trendline of the corrective move, it has already been broken.
🔸Although the previous point is evident, we consider that the safe place to take bullish positions above wave B of the correction, since it is the previous high, and, if it is penetrated to the upside, that will be a clear bullish signal.
🔸Regarding to the stop loss, it is positioned below the structure.
🔸The take profit is in the next Resistance zone.
🔸The reason why we look for this setup in the 4H chart is because of the clear bounce that the price is making in a huge zone in the weekly chart, we can see it below.
EUR/NZD, brilliant sell opportunity🧙🏻♂️The pair is in a downtrend and there are no signs of reversal as of right now. Therefore, we are looking forward to opening short positions and aiming for the zone indicated on the chart🙌🏻
EURNZD - 22-26 March 21 Week Trade Plan EURNZD
Can't find a clear direction for EURNZD now as we are in a very tide range for 3 weeks. A break of this range and a sustain momentum after the break will give us a clear way where we are heading. I recommend not to trade EURNZD till a clear direction.
Previous Month : Bearish
Previous Week : Bearish
Daily : Bearish
- The COT report showing that NZD buyers are closing longs and Shorts had increased to 40% from 30% last week. With such change in positions, we could see EURNZD move to the upside but be cautious that this could be a profit taking for Long position. Will monitor COT report in coming weeks to clearly understand the positions swaps.
- As for news this week, the important are on Monday Westpac Consumer Survey and Wednesday Trade Balance which will move the market.
Trade Plan Daily Chart:
Also refer to my last week analysis for more details:
EURNZD - Getting Closer to EntryEURNZD is setting up nicely for us to enter. We require another impulse and correction before entry as we will have more confluence on our side and can set a small stop loss for major gains. See chart for entry point.
Trade Safe.
