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EURNZD

EURNZD Will Move Higher! 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 1.758. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.765 level. 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. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
2
EURNZD LowerTrying EURNZD lower. Narrative for the EUR has changed somewhat, while we still have a relatively hawkish ECB we also have falling EU inflation and worsening EU data. the ECB meeting also i imagine makes a lot of the longs in the EUR a little nervous given the way data has been coming out. NZD still has a rate advantage and with china performing better i think it could benefit as well. correlations suggest lower, rate differentials are pointing lower, china is performing better. sentiment and positioning are very long EUR which could help with downside potential. risk here would be a risk off mood, from what i can see based on scheduled events the things that would cause this are US CPI and the fed rate decision. Most expect the fed decision to be a hawkish skip so this is likely priced in and US CPI i am uncertain of so will keep an eye on that. not trading/investment advise, feedback welcome!
Short
by Spinning_
Will EURNZD bearish presence continue?EURNZD - 24h expiry Our short term bias remains positive. The lack of interest is a concern for bears. A move through 1.7525 will confirm the bearish momentum. The bias is to break to the downside. We look for losses to be extended today. We look to Sell a break of 1.7524 (stop at 1.7584) Our profit targets will be 1.7374 and 1.7354 Resistance: 1.7575 / 1.7600 / 1.7630 Support: 1.7528 / 1.7500 / 1.7470 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
1
EURNZD to find buyers at market?EURNZD - Intraday Daily signals are bullish. Bespoke support is located at 1.7600. A Morning Doji Star formation has been posted at the low. The bullish engulfing candle on the daily chart is positive for sentiment. We look to buy dips. We look to Buy at 1.7575 (stop at 1.7525) Our profit targets will be 1.7695 and 1.7725 Resistance: 1.7705 / 1.7736 / 1.7750 Support: 1.7670 / 1.7630 / 1.7600 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.
Long
by OANDA
EURNZD ____ UNDERSTANDING ORDER BLOCKSHello Trader, Here we have EURNZD which showed bullish strength last week and rallied into a daily order block. This daily order block is meant to cause a reaction in price i.e a reversal or retracement. What are order blocks you may ask: Order blocks in forex are price levels where institutions attempt to buy or sell a foreign exchange pair without potentially having too much of an impact on the pair's price. Once the price enters an order block, It mitigates the orders that were initially placed there and would trigger a bullish or bearish move in price depending on where the price is coming from. Order blocks found on the daily timeframe (as marked on my chart), weekly and monthly timeframes are usually really strong and can cause a reaction in price. As you can see, the price created multiple buy-side liquidity just around the order block to induce early sellers, then liquidated their positions. It has gone deeper into the order block and has changed the structure on the 1-hour timeframe from bullish to bearish as expected. From here, I expect the price to retrace not reverse as higher timeframes such as the weekly and monthly suggest higher prices to come. Follow for more analysis. Cheers, David
Short
by jabariofafrica
1