EURNZD What Next? BUY!
My dear subscribers,
My technical analysis for EURNZD is below:
The price is coiling around a solid key level - 1.7579
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 1.7659
My Stop Loss - 1.7533
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
EURNZD
EURNZD HigherTrying EURNZD higher here.
Rate differentials are moving higher, we got a hawkish cut from the ECB and EU data is improving overall, meanwhile the NZ economy is not doing so well.
I also think NZDUSD moves a little lower here on a strong NFP and therefore likely higher US yields. EURNZD is closely inversely correlated with NZDUSD and so should follow.
Sorry for the messy chart, you can see on there we broke out of a falling wedge which is a good technical sign, we also bounced off a rising trendline support.
Not trading/investment advice, feedback welcome!
EURNZD: Buy Opportunity
Well, as you can see, the price hit the daily bullish FVG in deep discount and cleared the sell-side liquidity. Here in the hourly chart, we know the market structure shifted and we are bullish now.
Now we are on the buy side of the curve so we expect the price to stay above the key level and respect the bullish PD Arrays, like Order block and FVG that you can see on the chart.
We need LTF confirmation for entry.
💌It is my honor to share your comments with me💌
🔎 DYOR
🗓️06/06/2024
💡Wait for the update!
EURNZD to find sellers at market?EURNZD - 24h expiry
Our short term bias remains negative.
Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end.
20 4hour EMA is at 1.7597.
We look for a temporary move higher.
The sequence for trading is lower lows and highs.
We look to Sell at 1.7598 (stop at 1.7648)
Our profit targets will be 1.7478 and 1.7458
Resistance: 1.7600 / 1.7650 / 1.7680
Support: 1.7571 / 1.7525 / 1.7500
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
EUR_NZD BEARISH BIAS|SHORT|
✅EUR_NZD is trading in a downtrend
Along the falling resistance line
Which makes me bearish biased
And the pair is about to retest the resistance
Thus, a pullback and a move down are expected
With the target of retesting the level below at 1.7529
SHORT🔥
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EURNZD is approaching a significant resistance area.Hey Traders, in today's trading session we are monitoring EURNZD for a selling opportunity around 1.76100 zone, EURNZD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.76100 support and resistance area.
Trade safe, Joe.
EUR-NZD Will Keep Falling! Sell!
Hello,Traders!
EUR-NZD is trading in a
Downtrend and the pair
Broke the key horizontal
Level of 1.7637 which is
Now a resistance and the
Pair made a retest and
And is going down again
So I am bearish biased
And I will be expecting
A further move down
Sell!
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Check out other forecasts below too!
EURNZD intraday rallies continues to attract sellers.EURNZD - 24h expiry
Our short term bias remains negative.
Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end.
50 4hour EMA is at 1.7683.
We look for a temporary move higher.
The sequence for trading is lower lows and highs.
We look to Sell at 1.7683 (stop at 1.7733)
Our profit targets will be 1.7563 and 1.7533
Resistance: 1.7650 / 1.7680 / 1.7720
Support: 1.7620 / 1.7571 / 1.7530
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
EURNZD 450 pips projectionLooking at the Daily timeframe, we can see that price is in a big Triangle pattern and it's about to test the Bullish trend line. Upon touching the trend line, wait for a clean Bullish Daily candle to close for confirmation, then swing all the way up to the top of the triangle. Let me know what u think in the comment section.
EURNZD Potential DownsidesHey Traders, in today's trading session we are monitoring EURNZD for a selling opportunity around 1.76900 zone, EURNZD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.76900 support and resistance area.
Trade safe, Joe.
EURNZD Is Bullish! Buy!
Please, check our technical outlook for EURNZD.
Time Frame: 7h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 1.765.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.774 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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EURNZD Market DecisionFor this pair, the price indicates a dilemna momentum.
According to the longer timeframes, a falling flag pattern is formed, which might be a strong indication of a bullish momentum. As for now, a head and shoulder pattern has been formed, and when the support line breaks, it might be a strong bearish momentum. Let us wait and see how it will turn out.
EURNZD Sellers In Panic! BUY!
My dear friends,
Please, find my technical outlook for EURNZD below:
The instrument tests an important psychological level 1.7657
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.7750
Recommended Stop Loss - 1.7597
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
EUR/NZD-Bullish Opportunity with Harmonic Pattern & RSI Div.This report provides a detailed technical analysis of the EUR/NZD currency pair, emphasizing a Bullish Butterfly Harmonic Pattern forming at a key support area. The analysis is supported by a Bullish RSI Divergence observed on the 4-hour chart, reinforcing our bullish bias.
Bullish Butterfly Harmonic Pattern:
The EUR/NZD is currently forming a Bullish Butterfly Harmonic Pattern, a reversal pattern signaling a potential bullish trend. This pattern is characterized by precise Fibonacci retracement and extension levels, indicating a potential upward price movement from the current support area.
Key Support Area:
The pattern is emerging at a significant support zone around 1.76671, which has historically provided strong buying interest. This level is crucial for our entry point, providing a favorable risk-to-reward ratio.
Indicator Analysis
RSI Divergence:
The Relative Strength Index (RSI) on the 4-hour chart shows a bullish divergence, where the price makes lower lows while the RSI makes higher lows. This divergence suggests a weakening bearish momentum and potential bullish reversal.
Trade Setup
Entry Point:
Entry: 1.76671
Stop Loss:
Stop Loss: 1.76242
Take Profit Targets:
TP-1: 1.77100
TP-2: 1.77529
TP-3: 1.77958
Risk Management:
Setting a stop loss at 1.76242 ensures minimal risk exposure if the market moves against our position. The take profit targets are strategically placed to capitalize on the anticipated bullish movement, with each target offering progressively higher potential returns.
Conclusion:
Based on the formation of the Bullish Butterfly Harmonic Pattern and the Bullish RSI Divergence on the 4-hour chart, EUR/NZD exhibits a strong bullish bias. Traders are advised to enter the market at 1.76671, with a stop loss at 1.76242. The take profit targets of 1.77100, 1.77529, and 1.77958 provide clear exit points to maximize profits.
By adhering to this trade setup and risk management strategy, traders can effectively navigate the EUR/NZD market, leveraging technical indicators and patterns to inform their trading decisions.
Potential bullish rise?EUR/NZD has just bounced off a support level which is an overlap support that lines up with the 161.8% Fibonacci extension and could rise to our take profit.
Entry: 1.76311
Why we like it:
There is an overlap support level that lines up with the 161.8% Fibonacci extension.
Stop loss: 1.75413
Why we like it:
There is a pullback support level which aligns with the 78.6% Fibonacci projection.
Take profit: 1.77642
Why we like it:
There is a pullback resistance level which lines up with the 38.2% Fibonacci retracement.
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buy #eurnzd at 1.7980 and take profit at 1.8102 ratio 1:3buy #eurnzd at 1.7980 and take profit at 1.8102 ratio 1:3 is a trade idea as $nzdemployment data made big miss and were so bad but since #nzdusd #eurnzd #gbpnzd outperform on #nzd side while shoulf be the opposite so i try this trade.
may market wanna put off all retail trader
may copper are up so much that boost nzd
for now i see 0 reason why nzd outperform after the so bad employment data
so i try with eurnzd but may better gbpnzd..only nzdjpy gone in good way but coz boj intervention
EURNZD What Next? BUY!
My dear friends,
My technical analysis for EURNZD is below:
The market is trading on 1.7713 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.7827
Recommended Stop Loss - 1.7636
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
EURNZD Massive Long! BUY!
My dear subscribers,
This is my opinion on the EURNZD next move:
The instrument tests an important psychological level 1.7709
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.7821
My Stop Loss - 1.7645
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK