EurNzd- On a verge of an important breakThe past month and a half proved favorable for EUR/NZD bears as the pair not only broke below the double-top structure but also breached the ascending trend line that had kept prices elevated for over a year.
Currently, the pair is preparing for another significant downside break at the 1.75 psychological figure, which also represents a crucial horizontal level. Examining the anemic rebound observed on Monday and yesterday, it is my opinion that this level is likely to be breached as well, potentially leading to a substantial drop in the pair's value.
The most obvious target in this scenario is the next significant level at 1.7, keeping in mind the interim support at 1.72.
EURNZD
Diagonal Done,3Waves Corrective! Wave (B) Can Be Sideway??Hello there!
I am a big fan of the Elliott Wave Principle, which is very interesting and useful for analyzing the market. I have developed my analytical approach by combining the principle with my personal experience and considering various scenarios that may occur in the market.
Although I want to share my analysis with you, I want to emphasize that I do not provide buy or sell signals. My main intention is to share my unbiased analysis so that you can use it as a guide to make informed decisions.
To build your confidence in my analysis, I always share my previous analysis of 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.
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EURNZD: One More Bullish Confirmation 🇪🇺🇳🇿
As I predicted yesterday, EURNZD nicely bounced from a key daily support.
Analyzing a price action on a 4H time frame now, we may spot one more bullish pattern.
This time the pair formed a double bottom formation.
Its neckline was broken after a release of RBA interest rate decision.
I believe that the pair may go higher.
Next resistance: 1.7695
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EURNZD H4 | Potential Bullish reversal?Price could bounce off from our buy entry at 1.7509, which is a multi-swing low support level. Our stop loss is at 1.7399, which is a swing low support level. Take profit is at 1.7626, which is a pullback resistance level.
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EUR/NZD SENDS CLEAR BULLISH SIGNALS|LONG
Hello,Friends!
EUR/NZD pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 5H timeframe the pair is going down too. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 1.779 area.
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EURNZD Is Going Up! Buy!
Take a look at our analysis for EURNZD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 1.751.
Considering the today's price action, probabilities will be high to see a movement to 1.764.
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 Potential DownsidesHey Traders, in today's trading session we are monitoring EURNZD for a selling opportunity around 1.75400 zone, EURNZD was trading in an uptrend and successfully managed to break it out. Currently we are waiting for a correction in order to see a potential retrace of the trend towards more lows.
Trade safe, Joe.
EURNZD I Double top soon to be completed and bounce from demandWelcome 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.
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EURNZD I It will head upward Welcome back! Let me know your thoughts in the comments!
** EURNZD Analysis - Listen to video!
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EURNZD - Up for filling the imbalance ✅Hello traders!
‼️ This is my perspective on EURNZD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, but for now I expect price to make a pullback to fill the imbalance higher after taking sell side liquidity.
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EURNZD I Double top neckline broken and more downsideWelcome 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.
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The 1st and 2nd degree impulse pattern? Or the corrective patterGreetings, dear friends. I hope you are having a productive week.
I am happy to assist you in ensuring that all previous analyses are attached to each corresponding analysis. This will provide a comprehensive overview and help you make well-informed decisions. Please do not hesitate to let me know if there is anything else I can do to assist you further.
I want to share my market analysis ideas based on the Elliott Wave Principle with you.
I am a fan of this principle and follow all the rules and guidelines for analyzing the market.
However, please note that my ideas are based on my personal experience and may change over time.
If there is an error in my analysis, I am open to re-analyzing it from the beginning and learning from my mistakes.
It's important to understand that making an error in analysis is not a fault, but evading responsibility is.
No one can analyze financial markets with 100% accuracy, but it's remarkable how close we can get.
We analyze from multiple perspectives to consider all possibilities.
Let's mention a few opinions and ideas!
Based on mathematics.
I am still practicing to understand the Elliott Wave Principle better and hope to provide an even better analysis in the future.
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Keep trying and never give up.
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Frist Analysis
EURNZD On The Rise! BUY!
My dear friends,
My technical analysis for EURNZD is below:
The market is trading on 1. 7965 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.8073
Recommended Stop Loss - 1.7910
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 Will Go Up From Support! Long!
Please, check our technical outlook for EURNZD.
Time Frame: 3h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 1.798.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.807 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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EURNZD: Bullish Continuation & Long Signal
EURNZD
- Classic bullish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Buy EURNZD
Entry - 1.7965
Stop - 1.7910
Take - 1.8077
Our Risk - 1%
Start protection of your profits from lower levels
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EURNZD Trading Opportunity! BUY!
My dear followers,
I analysed this chart on EURNZD and concluded the following:
The market is trading on 1.7959 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.8048
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
EURNZD - Downside Momentum PlayI see high probability to the downside for the week ahead. Here's a breakdown of the five key points I'm looking at.
Price tops out in late-August of 2023.
Price fails to push above previous highs, which serves as another indication that this range marks a relative high point for this pair.
Price re-enters this range, but sits lower than the previous high at #2.
Very repeatable pattern as price re-enter a lower range.
Watching the break and waiting for momentum to pick up to the downside as price is beginning to accelerate last Friday.