EURNZD
AUDNZD I Retrace upward and potential downsideWelcome back! Let me know your thoughts in the comments!
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20 Reasons For Buy EURNZD🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1:✨Eagle eye: The market has formed a bearish structure with a valid low. There is no significant area of imbalance or point of interest where price can touch and reverse. Upon closer examination, there are only two significant bullish candles in this range, both with high volumes. Despite the bearish structure, there have been no significant downside moves, indicating profit booking and institutional buying in this area. There is only one spike indicating a liquidity grab, followed by an inability to sustain downward momentum. In 2022, prices made a 5-year low and closed with a doji. Since the start of 2023, prices have exhibited consistent bullish strength, breaking the highs of the last two years. This provides a clear bullish picture.
2:📆Monthly: After a valid bullish BOS, the market entered a corrective phase where it absorbed liquidity and formed internal bullish structures. The monthly trend line is now approaching, and a break above this trend line would confirm the bullish trend. However, it is likely that price may undergo a small consolidation before the breakout.
3:📅Weekly: A clean and complete bullish structure is visible here, with a proper BOS. The market now has a clear view, and it is highly probable that price will continue to move higher after forming a valid high. There was an inducement at one point, followed by a quick bullish move, indicating active buying in this area to protect these levels. For now, it is recommended to trade within the weekly range until a breakout occurs, at which point new entries can be considered.
4:🕛Daily: The market has formed a proper bullish structure, and the corrective move has been completed. It is now suitable to initiate buy positions as everything is confirming the bullish outlook. Notably, during the recent corrective move, there was significant volume in the bullish candle, signaling a buy opportunity.
😇7 Dimension analysis
🟢 analysis time frame: Daily
5: 1 Price Structure: Bullish
6: 2 Pattern Candle Chart: Momentum candle
7: 3 Volume: High volume at the low, but the candle is bullish
8: 4 Momentum UNCONVENTIONAL RSI: Sideways for now, but the initial move has started with a divergence
9: 5 Volatility measure Bollinger Bands: No volatility yet, indicating calm before a potential storm
10: 6 Strength ADX: Bulls are gaining strength
11: 7 Sentiment ROC: EUR is strong
✔️ Entry Time Frame: H1
12: Entry TF Structure: Bullish
13: Entry Move: Impulsive
14: Support Resistance Base: Previous order block
15: FIB: Trendline support
☑️ Final comments: Buy
16: 💡Decision: Buy
17: 🚀Entry: 1.7703
18: ✋Stop Loss: 1.7575
19: 🎯Take Profit: 1.7990
20: 😊Risk to Reward Ratio: 1:2
🕛 Expected Duration: 10 days.
EURNZD I Short to middle of channelWelcome back! Let me know your thoughts in the comments!
** EURNZD Analysis - Listen to video!
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EURNZD, H4 | Potential bearish reversalWe're seeing price test a major overlap resistance along with a 38.2% Fibonacci retracement. A reversal from here could potentially see prices drop all the way down to our overlap support.
In terms of potential stop loss levels, we're placing it slightly above te 50% Fibonacci retracement to give it a bit of breathing space.
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High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Forex Capital Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
FXCM EU LTD (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
FXCM Australia Pty. Limited (www.fxcm.com): **
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
FXCM Markets LLC (www.fxcm.com):
Losses can exceed deposits.
EURNZD, is this the start of a trading range? EURNZD / 4H
Hello traders, welcome back to another market breakdown.
EURNZD failed to make a new swing high, which makes this leg looks like a lower high. The price broke throughtout the last S/R level. I'll look to use it for short position.
Trade safely,
Trader Leo
EURNZD, H1 | Potential short term bouncePrice is approaching a key overlap support where there is a 127% Fibonacci extension and a 78.6% Fibonacci retracement. We could potentially see a bounce from here to take prices back up towards the key overlap resistance at 1.7625.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘Name of third party provider). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Name of third party provider.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Forex Capital Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
FXCM EU LTD (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
FXCM Australia Pty. Limited (www.fxcm.com): **
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
FXCM Markets LLC (www.fxcm.com):
Losses can exceed deposits.
EURNZD ____ INCOMING BEARISH MOVEHello Traders,
EURNZD has just traded into a daily supply order block just after running buy-side liquidity (equal highs). I have a long-term bullish bias on this pair, however, I speculate that we might see a bearish move from this daily order block before resuming the bullish rally.
Follow for more updates like this.
Cheers,
Jabari
EURNZD SHORT VIEW AFTER NEWS - POI H1On the EUR/NZD pair, we have a bullish setup. At the market open, the New Zealand dollar appears to have gained strength after the release of AUD data. The objective of this trade is a retracement around the 1.77 area, where we have a point of interest (POI), specifically a supply zone within another supply zone. The target is 1.7547 with a risk-to-reward ratio of 1:2.5. It would be fantastic if you could share your opinion and support our work with a like. Greetings from Nicola, CEO of Forex48 Trading Academy.
EN/EA likely a pullback on higher timeframe and look for long Bias to go on long on lower timeframe
Likewise same for EurAUD
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EURNZD I Returning to strong support 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, H4 | Potential bullish bouncePrice is testing a major overlap support at 1.7835 which happens to coincide with the 50% Fibonacci retracement. Along with that, there is a fair bit of bullish momentum with the Ichimoku cloud support and the ascending trend line.
A bounce form here could take prices all the way to the recent swing high resistance at 1.7998.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘Name of third party provider). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Name of third party provider.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Forex Capital Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
FXCM EU LTD (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
FXCM Australia Pty. Limited (www.fxcm.com): **
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
FXCM Markets LLC (www.fxcm.com):
Losses can exceed deposits.
EURNZD - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on EURNZD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I want price to continue the retracement and then to reject from bullish order block + institutional big figure 1.77000.
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Will EURNZD create a new high ?EURNZD appears to be on the verge of creating a new high and initiating a breakout towards the 1.79 level. A comprehensive analysis of the 1-hour timeframe suggests the potential for an upward surge in price. Let's keep a close eye on this pair as it exhibits bullish momentum and a favorable technical pattern.