EURNZD H3 / Strong resistance level, SHORT TRADE OPPORTUNITY ✅Hello Traders!
This is my perspective for EURNZD H3. I see a strong resistance level on a descending trend. Also, another important resistance level at the price of 1.76300 where I expect a retracement until the DL (Daily Low), representing a good opportunity for SHORT TRADE EXECUTION.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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EURNZD
EURNZD - Wait For The Bulls ↗️Hello TradingView Family / Fellow Traders,
📈 EURNZD has been overall bearish, trading inside the falling channel in red and it is currently approaching the lower red trendline.
Moreover, the zone 1.73 is a robust support level.
🎯 Therefore , the highlighted red circle represents a significant area to consider for potential buy setups, as it marks the intersection of the blue support and lower red trendline.
📚 As per my trading style:
As EURNZD approaches the red circle zone, I will be actively searching for bullish reversal setups to capture the next bullish impulse movement.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
eurnzd analysis. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
EURNZD Potential DownsidesIn today's trading session, our attention is on EURNZD as we actively monitor a potential selling opportunity around the 1.76 zone. Operating within a downtrend, EURNZD exhibits a sustained downward trajectory. Concurrently, the currency pair is navigating a correction phase, gradually converging towards the trend at the critical 1.76 support and resistance area. This numerical level holds significance as both a historical support point and a pivotal juncture where the correction may interact with notable market forces.
Is a simple zigzag enough??Hello!
I am a big fan of the Elliott wave principle, which I find very interesting and useful for market analysis. I have developed my analytical approach by combining this principle with my personal experience and considering various scenarios that could occur in the market.
While I would like to share my analysis with you, please note that I am not providing a buy or sell signal. My primary intention is to share my unbiased analysis so that you can utilize it as a guide to make an informed decision.
To build your confidence in my analysis, I always share my previous analysis from the same market so that you can compare and see the progress. All the details of my analysis are clearly labeled, which should make it easy for you to understand.
I hope that my analysis is useful to you in your business journey, and I wish you all the best.
I am looking forward to hearing from you. Lastly, I would like to mention that like-mindedness and support, comments, and likes are the most important pillars of progress, just like support points in the financial markets. They give me the energy to continue and share more ideas with you.
Sincerely
EUR/NZD BULLS WILL DOMINATE THE MARKET|LONG
Hello,Friends!
We are going long on the EUR/NZD with the target of 1.758 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band.However, we should use low risk here because the 1W TF is red and gives us a counter-signal.
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EURNZD Buy/Long SignalEURNZD looks like a clear indicator on the daily for a nice day trade/swing trade set up. It has bullish momentum potential since the supporting trendline indicates a set up for a swing upward for the next few weeks. Please look below for a full breakdown analysis of EURNZD and any pairs you may request for us to analyze. Thank you!
EURNZD is about to bounce!The 4-hour support has proven to be a reliable level, with multiple instances of price surges originating from it. This reinforces the potential for a significant upward movement. Keep a close eye on the charts for confirmation and updates.
EURNZD. Currently, it has reached a robust support level, indicating potential for a substantial bounce.
EURUSD Looking BullishThe 4-hour support level has consistently demonstrated its reliability, as evidenced by several occurrences of notable price surges originating from this point. This pattern reinforces the likelihood of a substantial upward movement in the near future. It is advisable to closely monitor the charts for confirmation and updates.
Looking specifically at EURNZD, the currency pair has currently reached a strong support level, suggesting the possibility of a significant rebound in its value. Traders and investors should pay careful attention to developments in this context.
EURNZD Aiming For A Lower Low? From the end of summer, EASYMARKETS:EURNZD is seen drifting lower, while trading below a newly established downside resistance line drawn from the high of 21st of August. At the end of November, the pair once again fell below the 200-day EMA on our daily chart and continues to run below it. However, the rate is currently floating above the current lowest point of December, at 1.7463. If EASYMARKETS:EURNZD falls and stays below that hurdle, this may open the door towards lower areas.
A drop below the previously mentioned 1.7463 hurdle would confirm a forthcoming lower low, potentially attracting more bears into the field. Such a move might send EASYMARKETS:EURNZD to the 1.7395 obstacle, or to the 1.7275 zone, marked by the inside swing high of 23rd of May. If that zone is not able to withstand the pressure from the bears, this could lead to a test of the 1.7168 territory, marked near the lowest point of May of this year.
Alternatively, a push back above the 1.7740 area, marked near the current highest point of December, may also lift the rate above the 200-day EMA. That’s when EASYMARKETS:EURNZD could go for a larger correction higher, possibly aiming for the 1.7885 obstacle, or to the 1.7955 zone, which is the inside swing low of 15th of November. Slightly above it runs the previously discussed downside line, which could provide some resistance.
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EUR/NZD SENDS CLEAR BEARISH SIGNALS|SHORT
Hello,Friends!
Previous week’s green candle means that for us the EUR/NZD pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 1.755.
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EURNZD Is Very Bearish! Short!
Here is our detailed technical review for EURNZD.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 1.768.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.762 level soon.
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- genuie break, finally?After the second drop from 1.82, EurNzd started a range trading and consolidation just above 1.75 important support.
Yesterday's rise above consolidation's resistance was, in fact, a false break, that came to test the recently broken trend line and, after this test, the pair fell strongly under 1.75.
The violence of the drop could indicate that a genuine break under support will follow and in such an instance, the pair could drop to the next important level at 1.7
Also, looking at the daily posted chart, there is a Double top pattern with the measured target of 700 pips.
I'm bearish on this pair as long as 1.77 is intact.
EUR/NZD 320 Pips long idea based on SupportDear traders and the Tradingview community. What I have for you is a nice set-up
in EUR/NZD which can give us more than 300 Pips worth of profit if this plays
out nicely.
From the chart, you can see that EUR/NZD is at a demand level.
1.75 remains unbroken, which is a positive sign for the bulls here.
As an aggressive trader, I have already bought EUR/NZD@1.75 with my target
at 1.79. If price dips again to the support level, you too can consider buying.
Nearly Time To SELL Again For Move To 1.70??This pair looks like it is starting to transition into a longer term downtrend with the formation of lower highs and higher lows on the weekly charts.
Last Month we seen a breakdown that was able to take out the October low at 1.75 and moved lower slightly creating the new low this is indicating that more HTF selling is on the cards and is why I will be looking to sell this pair.
But first here's I want to see price rise up towards and above 1.785 as this is firstly a nice liquidity zone created last month if you look at the daily chart below see how price crashed here last month. (image below)
Also located here is the 50% and 61.8% fib retracement levels from last Months near 800 pip drop 1.785 to 1.80 will be a really good area to look for selling opportunities for the next leg down.
I will be waiting for price to move up and above 1.78 and then looking for evidence of slowing of momentum on the lower timeframes once confirmed will then use my TRFX indicator to look for sell signals on timeframes from the 4hr to the Daily.
Targets for this position will be a new low possibly targeting 1.73 first which should draw some support before heading down towards 1.70.
Stop loss will be above 1.81 depending on where I get in the market.
Hope you enjoyed the read.