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EURNZD

7 Dimension Analysis For EURNZD Yearly 🕛 TOPDOWN Analysis Yearly: A multi-year bearish structure persists, notably mitigated after the 2020 liquidity. The current chart suggests a potential trend shift. Monthly: The market induces a significant move, establishing a proper internal structure with clear mitigations. The last two candles exhibit pronounced long wicks, rejecting from previous long wick order blocks. Weekly: A well-defined weekly internal bearish structure is in place. 😇 7 Dimension Analysis Time Frame: H4 1️⃣ Swing Structure: Bearish 🟢 Structure Behavior: Break of Structure (BoS) 🟢 Swing Move: Impulsive move is intact after a proper BoS, with a pre-breakout buildup near support levels. It's advisable to monitor any support breakouts for potential sell entries. 🟢 Inducement: Done 🟢 Pullback: Completed with a proper liquidity sweep 🟢 Internal Structure: Sideways 🟢 Decisional OB: Mitigated; waiting for support breakout due to observed volatility spikes and a massive supply at the decisional OB area. Distribution is evident in the same area for the third time. 🟢 Time Frame Confluence: Daily and H4 2️⃣ Pattern 🟢 CHART PATTERNS: Reversal - Rounding Patterns, Triple Bottom (waiting for failure). Consolidation Rectangle - A strong consolidation range; waiting for support breakout. Continuation. 🟢 CANDLE PATTERNS: Massive consolidation range; avoiding candlestick patterns in a sideways market. 3️⃣ Volume 🟢 Fixed Range: According to it, in this bearish volume, 🟢 Volume on Breakout: Awaiting this 🟢 Volume during Consolidation: Not as needed so high chance market continue its fall moves 4️⃣ Momentum RSI 🟢 Zone: Bearish to strict sideways 🟢 Range Shift: Bearish to sideways; intact from many sessions, indicating a lack of bullish power to break this range. 🟢 Divergence: Some bullish divergences observed, but not strong enough to manipulate the market. 5️⃣ Volatility Bollinger Bands 🟢 Middle Band: Price is under the middle band. 🟢 Contraction: A long and strong contraction; breakout will be crucial for this move. 🟢 Headfake: A very clear headfake, suggesting a potential sharp downward move in the coming sessions. 6️⃣ Strength According to ROC 🟢 Values: EUR 3.47 vs. 7.20, clearly showing the strength of NZD. 7️⃣ Sentiment ✔️ Entry Time Frame: H4 ✅ Entry TF Structure: Bearish ☑️ Current Move: Sideways; waiting for breakout ✔ Support Base: Previous swing low is support ☑️ Candles Behavior: Bears' candles appear stronger than bullish. 💡 Decision: Sell at the support line breakout 🚀 Entry: 1.7382 ✋ Stop Loss: 1.7602 🎯 Take Profit: 1.6758, 2nd Exit if Internal Structure changes, also Exit 3rd Trendline Breakout, FOMO. 😊 Risk to Reward Ratio: 1:3 🕛 Expected Duration: 15 days SUMMARY: The analysis reveals a persistent bearish stance with indications of potential bearish continuation. Monitoring support breakout for sell entries is advised, considering the observed volatility and supply factors. The decision emphasizes waiting for the right breakout conditions.
Short
by Optimum369
4
EURNZD remains in a slight uptrend.EURNZD - Intraday Risk/reward is ample to call a buy trade. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. Our short term bias remains positive. Mixed but positive price action has resulted in consecutive, narrow-ranged, sideways trading days. Levels close to the 50% pullback level of 1.7560 found buyers. 20 4hour EMA is at 1.7570. We look to Buy at 1.7560 (stop at 1.7504) Our profit targets will be 1.7700 and 1.7735 Resistance: 1.7600 / 1.7646 / 1.7662 Support: 1.7560 / 1.7545 / 1.7517 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.
Long
by OANDA
A sideways structure is possible for wave (B).Dear FRIEND, I hope you're doing well and that the new year has started on a good note for you. I wish you success in your business endeavors and a happy new year with your loved ones. As someone interested in the Elliott Wave principle, I find it to be a valuable tool for market analysis. I have developed my approach by combining this principle with my personal experience and by considering various scenarios that are likely to occur in the market. I am sharing my analysis with you. However, please note that I am not providing any buy or sell signals. My goal is to share my unbiased analysis with you so that you can use it as a guide to make informed decisions. In the attachment, I have included my previous analysis of the same market so that you can compare and see the. All the details of my analysis are clearly labeled, making it easy for you to understand (although having a basic familiarity with the Elliott Wave Principle theory will help you understand the analytical idea more easily). I have been studying the Elliott Wave principle for almost three years now. With time, my understanding of this knowledge and experience has increased. What I have achieved so far is a legacy of a genius named Ralph Nelson Elliott, and I am truly satisfied with my progress. May his soul rest in peace and his memory be cherished. Thank you for your support so far. I am grateful and will always remember your kindness. Please feel free to share your thoughts and feedback with me. I hope my analysis will be useful to you in your business journey, and I wish you all the best. Sincerely, (Mr. Nobody)
Long
by mehdi47abbasi79
EURNZD I In Consolidation But Here's What to Look ForWelcome 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!
Short
by BKTradingAcademy
EURNZD Is Going Down! Short! Please, check our technical outlook for EURNZD. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 1.755. Considering the today's price action, probabilities will be high to see a movement to 1.745. 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. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
EURNZD intraday rallies continue to attract sellers.EURNZD - 24h expiry Daily signals are bearish. Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. Preferred trade is to sell into rallies. Bespoke resistance is located at 1.7520. Expect trading to remain mixed and volatile. We look to Sell at 1.7518 (stop at 1.7578) Our profit targets will be 1.7368 and 1.7338 Resistance: 1.7450 / 1.7470 / 1.7520 Support: 1.7397 / 1.7350 / 1.7300 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.
Short
by OANDA
Strategic Moves: EURNZD and the 1.76000 ResistanceGreetings Traders, In tomorrow's trading session, our focal point is EURNZD, where we are actively assessing a potential selling opportunity around the 1.76000 zone. Marked by a persistent downtrend, EURNZD signifies an enduring downward trajectory, reflective of prevailing market sentiments. Simultaneously, the currency pair is immersed in a correction phase, steadily converging towards the trend at the pivotal 1.76000 support and resistance area. This numerical level holds significance as both a historical support point and a crucial juncture where the correction may intersect with substantial market forces. As traders gear up for tomorrow's session, a strategic approach involves a meticulous evaluation of optimal entry points within the identified 1.76000 zone. Aligning trading decisions with the ongoing downtrend and the potential market dynamics at this critical support and resistance area is paramount. The convergence of the correction phase with historical support presents a compelling scenario for traders eyeing a potential selling opportunity.
Short
by JoeChampion
1
EURNZD What Next? SELL! My dear friends, My technical analysis for EURNZD is below: The market is trading on 1.7521 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 1.7481 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. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1