EURNZD
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.
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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.
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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!
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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.
EURNZD - COULD BE A GOOD BUY NOWHey Traders!
I believe this could be a good buy for the following reasons:
- The current price is above the monthly pivot level
- Strong bullish engulfing candlestick 4h close
- Strong break of 20 moving average
- Overall market direction is bullish
- Likely going to re-test the previous psychological level, if broken will go further
- EUR & NZD are currently being sold off by hedge funds.
Peace traders! :)
EURNZD: Short Trading Opportunity
EURNZD
- Classic bearish pattern
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Sell EURNZD
Entry Level - 1.76740
Stop Loss - 1.77401
Take Profit - 1.75749
Our Risk - 1%
Start protection of your profits from higher levels.
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EUR/NZD Set To Fall! SELL!
My dear followers ,
My technical analysis for EUR/NZD is below:
The market is trading on 1.77242 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.76544
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: Bears Will Push Lower
The strict beauty of the chart is a reflection of the fierce eternal battle between the bulls and bears and right now I can clearly see that the bears are taking over so we will bend to the will of the crowd and sell too.
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EURNZD – waiting for bearish PA the week of 26June 2023On the daily chart this pair is still bullish but we do have a lower high. As the H4 chart shows we seem to have formed a double top. Look at the recent PA within the equidistant channel and note how each bullish move is immediately followed by a bearish move of similar strength. IMO, the bulls are running out of steam.
It is likely that the battle between the bulls and bears will continue for a short time and we may even see another attempt to break higher. I do believe that a bearish trend formation is likely and will wait for price action evidence to confirm that.
The area just above 1.740 looks like a good initial target.
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