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EURNZD

20 REASONS FOR Sell EURNZD🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1:✨Eagle eye: The market structure is extremely bearish, with all yearly imbalance areas filled. There is a strong downward momentum, and a long wick candle on the yearly timeframe suggests further downside potential. Overall, the bearish sentiment prevails. 2:📆Monthly: The monthly timeframe shows a significant entry opportunity that has the potential to recover previous losses. After tapping the monthly order block, an impulsive bearish move started, and the target for this long-term trade is set at 1.5788. Selling and holding the position is advised due to a big momentum candle engulfing previous price movements. 3:📅Weekly: While the weekly structure is not yet fully bearish, we know that prices have filled out important monthly areas. Therefore, we are currently seeking sell entries from this point. 4:🕛Daily: The daily breakout of consolidation (BOC) has occurred, confirming the monthly rejections. We are now waiting for a bullish correction to occur at a resistance level where we can enter a sell position. 😇7 Dimension analysis 🟢 analysis time frame: Daily 5: 1 Price Structure: Bearish internally, external confirmation pending (waiting for monthly confirmation) 6: 2 Pattern Candle Chart: Inside bar pattern suggests a potential reversal towards the order block 7: 3 Volume: Bearish volume is observed 8: 4 Momentum UNCONVENTIONAL Rsi: RSI is in a super bearish zone, below 40 9: 5 Volatility measure Bollinger bands: Currently showing low volatility 10: 6 Strength ADX: Bears are in control, indicating strength 11: 7 Sentiment ROC: EUR is weaker compared to other currencies ✔️ Entry Time Frame: Daily 12: Entry TF Structure: Bearish 13: Entry Move: Impulsive 14: Support Resistance Base: Monthly order block tap 15: FIB: Fibonnaci retracement levels applied ☑️ final comments: Sell 16: 💡decision: Short 17: 🚀Entry: 1.7222 18: ✋Stop Loss: 1.7601 19: 🎯Take Profit: 1.5788 20: 😊Risk to Reward Ratio: 1:7 🕛 Expected Duration: 2 months
Short
by Optimum369
EUR/NZD Technical Analysis! BUY! My dear followers , My technical analysis for EUR/NZD is below: The market is trading on 1.72150 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 1.74213 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. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
3
nzdcad shortok, so was neutral (with slight bias to long - pending breakout) on last post as we saw massive flipping of retail positioning into this resistance... however, that has all unwound again and i think we could be about to get direction now.. this looks to be the pattern.. as said before i was looking for a breakout either way but this now looks to be a more compelling setup lining up to downside with a possible bear flag (one of my favs). will take short on break.. retail positioning to the short side has also now largely unwound. sooooo watching with interest.
Short
by Gazzawins
1
EURNZD to find sellers at previous resistance?EURNZD - 24h expiry Our short-term bias remains negative. The lack of interest is a concern for bulls. Previous resistance is located at 1.7440. We look for a temporary move higher. 50 4-hour EMA is at 1.7420. We look to Sell at 1.7447 (stop at 1.7517) Our profit targets will be 1.7267 and 1.7227 Resistance: 1.7350 / 1.7400 / 1.7440 Support: 1.7305 / 1.7270 / 1.7200 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