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EUR-NZD

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.
Long
by ThinkingAntsOk
1
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:
by Amr_Sadek
EURNZD will break above? 🦐EURNZD after the test of the weekly resistance moved below over the support at 1.65500. The price is moving within a mi or descending channel and according to Plancton's strategy if the market will break above 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.
Long
by InkyGrip
2
EURNZD - 15-19 March 21 Week Trade PlanFX:EURNZD Previous Month : Bearish Previous Week : Bullish Daily : Bullish - EURNZD still ranging between 1.6700 / 1.6560 after creating low at 1.6320 triggered by Interest Rate Decision and retraced back the whole down move. The range high is contained below the daily support at 1.666x with rejection to hold above 1.6700. - Looking for either support formation above 1.6700 to trigger Long positions or resistance formation below 1.6570 to trigger shorts. Also, current range trades could be played till we break this range 1.6700/1.6560. So, I may look to Short on 4H Res formation below 1.6700 and Long on Solid 4H formation above 1.6560. - The COT report showing that NZD buyers are still in control and increasing their NZD long positions. Still NZD sellers are not into market yet and this adds confirmations for EURNZD to continue bearish momentum. - Seasonality is showing that NZD will weaken till end March, but still NZD holding and continuing it's strength. We could see some reversals on EURNZD as we had created new lows, but still such spikes are opportunities for better shorts. - So with Current solid bearish momentum, COT and Seasonality; I'd expect EURNZD to continue the bearish momentum and any spike will be treated as a good opportunity for shorts until a solid support formation above 1.7020 level. - Important news for NZD this week on Thursday GDP and Wednesday Rate Decision which will move the NZD. Week Trade Plan Daily Chart: Daily Levels Daily Chart:
by Amr_Sadek
EURNZD will starts a new impulse? 🦐EURNZD is moving below a weekly resistance. The market after the last impulse retraced at the 0.5 Fibonacci level over a minor support with a spike that touches exactly our beloved 0.618. According to Plancton's strategy if the conditions will be satisfied we can 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.
Long
by InkyGrip
EURNZD - 08-12 March 21 Week Trade Plan EURNZD Previous Month : Bearish Previous Week : Bearish Daily : Bearish - EURNZD edged a bit higher last week away for ranging zone 6650/6550 at 6760 a bit shy from the major resistance at 6820 that is currently acting as a solid barrier for EURNZD. But on 4H a HH/HL we can see a HH/HL formation that may act as a trigger to test the 6820 resistance. - A Solid HTF Support formation above 6820 will indicate that a low formed for a 7020 target. Failure to sustain a support above 6820 and with HTF solid resistance formation below 6820 will be a sign for bearish momentum continuation and we may retest the lows created at 6320 - The COT report showing that NZD buyers are still in control and increasing their NZD long positions. Still NZD sellers are not into market yet and this adds confirmations for EURNZD to continue bearish momentum. - Seasonality is showing that NZD will weaken till end March, but still NZD holding and continuing it's strength. We could see some reversals on EURNZD as we had created new lows, but still such spikes are opportunities for better shorts. - So with Current solid bearish momentum, COT and Seasonality; i'd expect EURNZD to continue the bearish momentum and any spike will be treated as a good opportunity for shorts until a solid support formation above 1.7020 level. - Through trading several Months EURNZD, I prefer to see retracements to any move in order to have a range to trade to target created. So i recommend to Short after retracement or break and Resistance formation below broken Support and vise versa for Longs. - Important news for NZD this week on Friday Business NZ PM and some important news for China on Wednesday may move NZD during Asia Session. Weekly Outlook Chart: Daily Outlook Chart: Weekly Trade Plan:
by Amr_Sadek
EURNZD BUY | Going UpHello Traders, here is the full analysis for this pair. Watch strong action at the current levels for BUY. GOOD LUCK! Great BUY opportunity in EURNZD .. I still did my best and this is the most likely count for me at the moment .. Support the idea with like and follow my profile TO SEE MORE Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗
Long
by BULLSS1993
6
EURNZD on an inverted H&S 🦐EURNZD after a long downtrend inside a descending channel created an inverted H&S pattern. The market is now testing the neckline over the resistance and the top trendline for a nice market confluence. According to Plancton's strategy, if the price will break above, 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.
Long
by InkyGrip
8