EURNZD I Impulse correction phase short opportunityWelcome back! Let me know your thoughts in the comments!
** EURNZD Analysis - Listen to video!
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Eurnzd!!
EURNZDIs EURNZD exhausting at resistance zone?
As the price is been on high bull run and broke out of the descending channel but now it seems like price is lacking bullish momentum after reaching at resistance level and bearish divergence( on lower time frame) suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 1.75500.
What you guys think of it?
EURNZD → Day Analysis | BUY SetupHello Traders, here is the full analysis.
Price reversal going up, levels for BUY .
! Great BUY opportunity EURNZD
I still did my best and this is the most likely count for me at the moment.
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EURNZD: PA & expect fundamentals to continue short biasBig news from the RBNZ shortly, it is possible we'll get a hike, but either way I'm expecting NZD strength as a result.
I'm seeing weaker Euro, and the pinbar shooting star today on the daily candle means price action is also in favour of a continued short trade here.
EUR-NZD Bullish Breakout! Buy!
Hello,Traders!
EUR-NZD was trading in a
Narrowing wedge and then
A breakout happened, so now
We are bullish biased locally
And after the pair retests the
Broken falling resistance of
The wedge we will be expecting
A further move up
Buy!
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EUR/NZD SHORT from 1.7580We have an M-Top formation at an area of resistance and over the last few hours this overbought pair has been unwinding.
The neckline of the M-Top has been broken and the MACD crossed south some hours ago and although there are headwinds that may hold up EUR/NZD BEARS, the technicals suggest that we should be headed for 1.7534 as a minimun initial target.
On H4 we can see that the 200 EMA has been a formidable barrier to EURNZD BULLS and this level has been tested 3 times and prevented price from moving higher.
The RSI on H4 was also o.b. but this is now reading 61 and dropping.
The Andean Oscillator sees the green BUY line heading south over the signal line and the red SELL line is rising.
This looks like a certain move south but the concern would be the 50 EMA 100 EMA and 200 EMA on H1 all of which now stand in the way of the BEARS.
This trade will have to be closely observed and if it looks like EUR/NZ BULLS are getting a second win then the position will have to be closed.
STOP currently is at 43 pips (1.7621) which is the recent high. This is a hard STOP so if we move back north this trade will have to be closed.
Target is initially 1.7535 but if price makes its way down there then the position would have to be re-evaluated.
EURNZD Set To Fall! SELL!
My dear subscribers,
EURNZD looks like it will make a good move, and here are the details:
The market is trading on 1.7586 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.7527
About Used Indicators:
The average true range ATR plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
EURNZD Is Going Up! Buy!
Here is our detailed technical review for EURNZD.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 1.749.
Considering the today's price action, probabilities will be high to see a movement to 1.761.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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EURNZD#EURNZD - H1
📣 Looking at the 1-hour timeframe, with the break of the downtrend around 1.7514, there is an expectation for price growth towards the range of 1.7610.
⛔ Stop Loss: 1.7430
On the other hand, with the break of the 1.7430 range, one can consider selling with a target of 1.7360.
⛔ Stop Loss: 1.7514
EUR/NZD BULLS ARE GAINING STRENGTH|LONG
Hello,Friends!
Previous week’s red candle means that for us the EUR/NZD pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 1.759.
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Analyzing EUR/NZD: Sell Opportunity on the Horizon
In the realm of forex trading, seizing the right opportunities is crucial for success. Today, let's delve into the EUR/NZD pair, examining recent conditions and potential avenues for profit.
External liquidity has been a significant factor influencing market dynamics lately, and its impact on EUR/NZD cannot be overlooked. With the recent shift in external liquidity conditions, a unique scenario has emerged, creating a favorable setup for traders.
The concept of SIBI (Sell in Buyable, Ignore in Sellable) comes into play here. This principle suggests selling when external liquidity is withdrawn, indicating potential downward pressure on the currency pair. In such situations, it's prudent to adopt a short-selling strategy.
Currently, I'm inclined towards a bearish outlook on EUR/NZD. Several factors contribute to this sentiment:
1. **External Liquidity Conditions**: As mentioned, the withdrawal of external liquidity serves as a catalyst for downward movement. Traders should monitor this closely and act accordingly.
2. **Technical Analysis**: Analyzing the charts reveals patterns and trends that support a bearish stance. Key indicators such as moving averages, RSI, and MACD may signal an impending downtrend.
3. **Fundamental Factors**: Consider the fundamental landscape, including economic data, central bank policies, and geopolitical events. Any developments favoring the New Zealand dollar over the Euro could further tilt the balance in favor of selling EUR/NZD.
In light of these factors, it's essential to approach the market with a clear and disciplined strategy. Here's how to capitalize on the sell opportunity while keeping risks in check:
1. **Short Entry**: Look for an optimal entry point to initiate a short position on EUR/NZD. This could coincide with technical signals or fundamental developments aligning with the bearish bias.
2. **Risk Management**: Implement robust risk management practices to mitigate potential losses. Set stop-loss orders at strategic levels to limit downside exposure while allowing room for market fluctuations.
3. **Profit Targets**: Identify profit targets based on key support levels or technical indicators. Consider scaling out of positions as the trade progresses to lock in gains and minimize risk.
4. **Monitoring and Adjustments**: Stay vigilant and adapt to evolving market conditions. Continuously monitor external factors and adjust your trading strategy accordingly to optimize outcomes.
In conclusion, the current environment presents a compelling opportunity to sell EUR/NZD. By adhering to a structured approach and leveraging market insights, traders can position themselves for success in the forex market. Remember, discipline and patience are key virtues in navigating the complexities of currency trading.
EURNZD - The Trend is your Friend 📉Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 EURNZD has been overall bearish, trading within the falling channel in red.
At present, EURNZD is undergoing a correction phase and it is currently approaching the upper red trendline acting as a non-horizontal resistance.
Moreover, it is retesting a strong resistance zone marked in green.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper red trendline.
📚 As per my trading style:
As #EURNZD approaches the red circle zone, I will be looking for bearish reversal setups (like a top bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
✅EUR_NZD TECHNICAL ANALYSIS|LONG🚀
✅EUR_NZD is about to retest a key structure level of 1.7400
Which implies a high likelihood of a move up
As some market participants will be taking profit from short positions
While others will find this price level to be good for buying
So as usual we will have a chance to ride the wave of a bullish correction
LONG🚀
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EURNZD I Technical and fundamental outlook Welcome back! Let me know your thoughts in the comments!
** EURNZD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
EURNZD to continue in the downward move?EURNZD - Intraday
Our bespoke support of 1.7511 has been clearly broken.
Previous support at 1.7520 now becomes resistance.
Our short term bias remains negative.
20 4hour EMA is at 1.7493.
Our outlook is bearish.
We look to Sell at 1.7495 (stop at 1.7547)
Our profit targets will be 1.7365 and 1.7335
Resistance: 1.7485 / 1.7530 / 1.7570
Support: 1.7440 / 1.7400 / 1.7350
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EURNZD H1 | Potential bullish reversalEUR/NZD could fall towards a pullback support and potentially bounce off this level to climb higher.
Buy entry is at 1.74501 which is a pullback support.
Stop loss is at 1.74000 which is a level that sits underneath the 127.2% Fibonacci extension level.
Take profit is at 1.75219 which is a pullback resistance that lies underneath the 38.2% Fibonacci retracement level.
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RISK-ON SENTIMENTThe overall mood in the market is RISK-ON which means there is apetite for risk and that usually makes the NZD take value. I beleive the strong correlation that NZD has with risk apetite in the market will push EURNZD lower especially after all the lower lows we are seeing on the higher timeframe.
EURNZD Trading Opportunity! BUY!
My dear followers,
I analysed this chart on EURNZD and concluded the following:
The market is trading on 1.7463 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.7495
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK