EURNZD AnalysisEURNZD Analysis
The EURNZD pair is currently in a bearish trend on the daily time frame, making it a favorable candidate for short positions. Notably, on the 4-hour chart, the pair has broken out of a sideways rectangle pattern, retested the breakout level, and is now expected to move lower toward the next structural support level. This price action reinforces the bearish momentum and suggests further downside potential.
In my view, the bearish outlook for EURNZD is well-supported by the confirmed breakout and retest of the rectangle pattern, coupled with the broader downtrend on the daily chart. However, it is crucial to monitor how the price behaves around the next support level. A decisive break below this level would likely confirm the continuation of the downtrend, while a rejection or consolidation could signal a temporary pause or reversal.
What are your thoughts on this analysis? Are there any additional factors or levels you believe should be considered?
Eurnzdchart
EUR/NZD "Euro vs Kiwi" Forex Market Bearish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
Dear Money Makers & Robbers, 🤑 💰🐱👤🐱🏍
Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the EUR/NZD "Euro vs Kiwi" Forex Market. Please adhere to the strategy I've outlined in the chart, which emphasizes short entry. Our aim is the high-risk Green Zone. Risky level, oversold market, consolidation, trend reversal, trap at the level where traders and bullish robbers are stronger. 🏆💸Book Profits Be wealthy and safe trade.💪🏆🎉
Entry 📈 : "The vault is wide open! Swipe the Bearish loot at any price - the heist is on!
however I advise placing Sell limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest.
Stop Loss 🛑: Thief SL placed at 1.83500 (swing Trade Basis) Using the 4H period, the recent / swing high or low level.
SL is based on your risk of the trade, lot size and how many multiple orders you have to take.
Target 🎯: 1.80000 (or) Escape Before the Target
🧲Scalpers, take note 👀 : only scalp on the Short side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰.
📰🗞️Fundamental, Macro, COT, Sentimental Outlook:
The EUR/NZD "Euro vs Kiwi" Forex Market is currently experiencing a Bearish trend., driven by several key factors.
⭐Fundamental Analysis
Economic Indicators: Eurozone's GDP growth rate expected to slow down to 1.2% in 2025
Monetary Policy: European Central Bank (ECB) expected to maintain dovish stance
Trade Balance: Eurozone's trade balance expected to remain in surplus
Inflation Rate: Eurozone's inflation rate expected to rise to 2.0% in 2025
⭐Macro Economics
Global Economic Trends: Ongoing global economic recovery expected to drive up demand for commodities
Commodity Prices: Commodity prices expected to rise by 5% in 2025
Interest Rates: Central banks expected to maintain low interest rates in 2025
Currency Flows: Currency flows expected to remain stable, with no significant changes in currency exchange rates
⭐Intermarket Analysis
Correlation Analysis: EUR/NZD pair positively correlated with EUR/USD pair
Commodity Analysis: EUR/NZD pair negatively correlated with gold
Equity Analysis: EUR/NZD pair positively correlated with Euro Stoxx 50 index
⭐COT Data
Non-Commercial Traders (Institutional):
Net Short Positions: 45%
Open Interest: 120,000 contracts
Commercial Traders (Companies):
Net Long Positions: 35%
Open Interest: 60,000 contracts
Non-Reportable Traders (Small Traders):
Net Short Positions: 20%
Open Interest: 30,000 contracts
⭐Technical Analysis
Trend: Bearish trend
Support Zone: 1.80000 - 1.81000
Resistance Zone: 1.84000
RSI(7): 24.55, indicating oversold conditions
STOCH(5,3,3): 20.56, indicating a potential reversal
⭐Sentimental Analysis
Institutional Sentiment: 45% bullish, 55% bearish
Retail Sentiment: 50% bullish, 50% bearish
Market Mood: Bearish, with a sentiment score of -0.5
⭐Market News and Events
Economic Indicators: Monitor economic indicators, such as GDP growth rates and inflation rates, to gauge the overall health of the economy.
Central Bank Decisions: Keep an eye on central bank decisions, such as interest rate changes, to anticipate potential market movements.
Geopolitical Events: Monitor geopolitical events, such as trade tensions and elections, to identify potential market risks.
⭐Next Move Prediction
Based on the analysis, the next move prediction is:
Short-term (1-3 days): Bearish, targeting 1.80000
Medium-term (1-2 weeks): Neutral, with a potential reversal to 1.84000
Long-term (1-3 months): Bearish, targeting 1.75000
⭐Positioning
Risk-Reward Ratio: Aim for a risk-reward ratio of 1:3 or higher
Position Sizing: Optimal position size is 2% of the trading account, based on a risk-reward ratio of 1:2
Stop-Loss: Set a stop-loss above 1.8350 for bearish trades
⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏
As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions,
we recommend the following:
Avoid taking new trades during news releases
Use trailing stop-loss orders to protect your running positions and lock in profits
📌Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions.
📌Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly.
💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀
I'll see you soon with another heist plan, so stay tuned 🤑🐱👤🤗🤩
EUR/NZD "Euro vs Kiwi" Forex Market Bearish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
Dear Money Makers & Robbers, 🤑 💰
Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the EUR/NZD "Euro vs Kiwi" Forex Market. Please adhere to the strategy I've outlined in the chart, which emphasizes short entry. Our aim is the high-risk Green Zone. Risky level, oversold market, consolidation, trend reversal, trap at the level where traders and bullish thieves are getting stronger. 🏆💸Book Profits Be wealthy and safe trade.💪🏆🎉
Entry 📈 : "The vault is wide open! Swipe the Bearish loot at any price - the heist is on!
however I advise to Place Sell limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest.
Stop Loss 🛑: Thief SL placed at 1.84000 (swing Trade Basis) Using the 4H period, the recent / swing high or low level.
SL is based on your risk of the trade, lot size and how many multiple orders you have to take.
Target 🎯: 1.80400 (or) Escape Before the Target
Scalpers, take note 👀 : only scalp on the Short side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰.
📰🗞️Fundamental, Macro, COT, Sentimental Outlook:
EUR/NZD "Euro vs Kiwi" Forex Market is currently experiencing a Bearish trend., driven by several key factors.
🔱 Fundamental Analysis
New Zealand Trade Balance: July trade balance: -NZ$963M monthly, -NZ$9,290M annualized.
Chinese Loan Prime Rates: August 1-Year Loan Prime Rate: 3.35%, 5-Year Loan Prime Rate: 3.85%.
German PPI: July PPI: +0.2% monthly, -0.8% annualized.
🔱 Macroeconomic Trends
Current Macroeconomic Trends
- GDP Growth Rate: Eurozone's GDP growth rate is expected to slow down in the coming months, while New Zealand's economy is anticipated to remain stable.
- Inflation Rate: Eurozone's inflation rate is currently at 1.0% annualized, while New Zealand's inflation rate is at 1.5% annualized.
- Unemployment Rate: Eurozone's unemployment rate stands at 7.5%, whereas New Zealand's unemployment rate is at 3.9%.
- Interest Rates: European Central Bank's (ECB) main refinancing rate is 0.0%, and Reserve Bank of New Zealand's (RBNZ) official cash rate is 1.5%.
Upcoming Macroeconomic Events
- Federal Reserve Rate Decision: The upcoming Federal Reserve rate decision may impact EUR/NZD.
- European Central Bank Rate Decision: ECB's rate decision will also influence the pair.
- New Zealand GDP Growth Rate: Q3 GDP growth rate announcement may affect NZD.
🔱 COT Report
The latest COT report shows that speculative traders are net short on the EUR/NZD pair, indicating a bearish sentiment
🔱 Technical Analysis
Trend Lines: Descending Tenkan-sen, ascending Kijun-sen.
Chart Patterns: Bearish harmonic pattern.
Moving Averages:
50-Day SMA: 1.7945
100-Day SMA: 1.8051
200-Day SMA: 1.8335
Relative Strength Index (RSI): 42.12 (neutral).
Bollinger Bands: Upper: 1.8232, Lower: 1.7632.
MACD: Bearish crossover.
Stochastic Oscillator: Oversold region.
Fibonacci Levels: 23.6% retracement at 1.8115.
🔱 Positioning Data
Institutional Traders: 55% long, 45% short.
Retail Traders: 70% short, 30% long.
Market Sentiment: Bearish (60%).
🔱 Market Outlook
- Market Sentiment: Bearish
- Institutional Traders: 42% bullish, 30% bearish, 28% neutral
- Banks: 40% bullish, 32% bearish, 28% neutral
- Hedge Funds: 45% bullish, 27% bearish, 28% neutral
- Corporate Traders: 38% bullish, 35% bearish, 27% neutral
- Retail Traders: 48% bearish, 25% bullish, 27% neutral
🔱 Overall Outlook
The overall outlook for the EUR/NZD pair is bearish. The pair has broken out of a triangle pattern, and speculative traders are net short. Institutional traders are positioning themselves for a potential drop, and retail traders are also bearish.
EUR/NZD "Euro vs Kiwi" Forex Market Bullish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
Dear Money Makers & Robbers, 🤑 💰
Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the EUR/NZD "Euro vs Kiwi" Forex market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. Be wealthy and safe trade.💪🏆🎉
Entry 📈 : "The vault is wide open! Swipe the Bullish loot at any price - the heist is on!"
however I advise placing Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest.
Stop Loss 🛑: Using the 2H period, the recent / nearest low or high level.
Goal 🎯: 1.86500 (or) Escape Before the Target
Scalpers, take note 👀 : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰.
📰🗞️Fundamental, Macro, COT, Sentimental Outlook:
EUR/NZD is expected to be influenced by the upcoming Federal Reserve and European Central Bank rate decisions.
💰Market Sentiment:
- Institutional traders are slightly bullish on EUR/NZD, with 55% of positions being long.
- Retail traders are bearish, with 52% of positions being short.
- Large banks are also slightly bullish, with 57% of positions being long.
💰Technical Analysis:
- The EUR/NZD pair is trading below the 50-day moving average, indicating a bearish trend .
- The Relative Strength Index (RSI) is at 40, indicating that the pair is oversold and due for a rebound.
💰Fundamental Analysis:
- The European economy is expected to slow down in the coming months, which could lead to a decline in the euro.
- The New Zealand economy is expected to remain stable, which could lead to an increase in the kiwi.
💰COT Report:
- The Commitments of Traders (COT) report shows that commercial traders are net short EUR/NZD, indicating a bearish sentiment.
- Non-commercial traders are net long EUR/NZD, indicating a bullish sentiment
💰Potential Uptrend Factors
1. Rebound from Oversold Conditions: The RSI is currently at 40, indicating that the pair is oversold and due for a rebound.
2. Bullish Sentiment from Institutional Traders: 55% of institutional traders are long EUR/NZD, indicating a bullish sentiment.
3. Potential Euro Strength: If the European economy shows signs of improvement, the euro could strengthen, leading to an uptrend in EUR/NZD.
4. Dovish RBNZ: If the Reserve Bank of New Zealand adopts a dovish tone, it could lead to a decline in the kiwi and an uptrend in EUR/NZD.
⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏
As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions,
we recommend the following:
Avoid taking new trades during news releases
Use trailing stop-loss orders to protect your running positions and lock in profits
📌Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions.
📌Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly.
💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀
I'll see you soon with another heist plan, so stay tuned 🫂
EUR/NZD "Euro vs Kiwi" Forex Market Heist Plan on Bearish🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
Dear Money Makers & Robbers, 🤑 💰
Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the EUR/NZD "Euro vs Kiwi" Forex market. Please adhere to the strategy I've outlined in the chart, which emphasizes short entry. Our aim is the high-risk Green Zone. Risky level, oversold market, consolidation, trend reversal, trap at the level where traders and bullish robbers are stronger. 👀 So Be wealthy and safe trade.💪🏆🎉
Entry 📉 : You can enter a Bearish trade at any point.
however I advise placing sell limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest high level should be in retest.
Stop Loss 🛑: Using the 2h period, the recent / nearest high level.
Goal 🎯: 1.82700(OR) Before escape in the bank
Scalpers, take note : only scalp on the Short side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰.
Warning⚠️ : Our heist strategy is incompatible with Fundamental Analysis news 📰 🗞️. We'll wreck our plan by smashing the Stop Loss 🚫🚏. Avoid entering the market right after the news release.
Fundamental Outlook 📰🗞️
Considering these factors, the EUR/NZD pair may experience a Bearish trend in the short-term, driven by:
The fundamental analysis indicates that the New Zealand dollar is strengthening against the euro, due to various economic factors such as:
Improved economic growth: New Zealand's economy is showing signs of improvement, with a growth rate of 1.2% in the second quarter of 2024.
Higher interest rates: The Reserve Bank of New Zealand (RBNZ) has raised interest rates, which has led to a stronger New Zealand dollar.
Stronger commodity prices: Commodity prices, such as dairy and meat, have risen, which has benefited the New Zealand economy.
Fundamental Indicators:
New Zealand economic growth: 1.2% (Q2 2024)
Interest rate differential: 2.5% (RBNZ) vs 1.5% (ECB)
Trade balance: New Zealand: -NZD 1 billion (Q2 2024), Eurozone: €10 billion (Q2 2024)
Commodity prices: Dairy: +5% (Q2 2024), Meat: +3% (Q2 2024)
Market Sentiment:
Bearish sentiment: 60%
Bullish sentiment: 40%
Neutral sentiment: 0%
Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions.
Take advantage of the target and get away 🎯 Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan.
Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly.
💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀
I'll see you soon with another heist plan, so stay tuned 🫂
EUR/NZD "EURO vs Kiwi" Forex Market Heist Plan on Bearish🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
Dear Money Makers & Robbers, 🤑 💰
Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the EUR/NZD "EURO vs Kiwi" Forex market. Please adhere to the strategy I've outlined in the chart, which emphasizes short entry. Our aim is the high-risk Green Zone. Risky level, oversold market, consolidation, trend reversal, trap at the level where traders and bullish robbers are stronger. 👀 So Be Careful, wealthy and safe trade.💪🏆🎉
Entry 📉 : You can enter a Bearish trade at any point.
however I advise placing sell limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest high level should be in retest.
Stop Loss 🛑: Using the 2H period, the recent / nearest high level.
Goal 🎯: 0.82100
Scalpers, take note : only scalp on the Short side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰.
Warning⚠️ : Our heist strategy is incompatible with Fundamental Analysis news 📰 🗞️. We'll wreck our plan by smashing the Stop Loss 🚫🚏. Avoid entering the market right after the news release.
Fundamental Outlook 📰🗞️
Considering these factors, the EUR/NZD pair may experience a Bearish trend in the short-term, driven by:
The Eurozone's slow economic growth and low interest rates.
The New Zealand economy's moderate growth and neutral monetary policy stance.
The yield differential, which favors the New Zealand dollar.
Bearish Factors:
The Eurozone's slow economic growth and low interest rates.
The New Zealand economy's moderate growth and neutral monetary policy stance.
The yield differential, which favors the New Zealand dollar.
The potential for a decline in the Eurozone's trade balance surplus, which could reduce demand for the euro.
The RBNZ's potential to hike interest rates, which could increase the yield differential and support the New Zealand dollar.
Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions.
Take advantage of the target and get away 🎯 Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan.
Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly.
💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀
I'll see you soon with another heist plan, so stay tuned 🫂
EUR/NZD "Euro vs Kiwi" Forex Bank Heist Plan on BullishHello! My Dear Robbers / Money Makers & Losers, 🤑 💰
This is our master plan to Heist EUR/NZD "Euro vs Kiwi" Forex Bank Heist Plan based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Entry 📈 : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Low Point take entry should be in pullback.
Stop Loss 🛑 : Recent Swing Low using 4H timeframe
Target 🎯 : 1.83500
Attention for Scalpers : Focus to scalp only on Long side, If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰.
Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss 🚫🚏. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
💖Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
Stay tuned with me and see you again with another Heist Plan..... 🫂
EUR/NZD "EURO vs Kiwi" Bank Money Heist Plan on Bullish Side.Ola! Ola! My Dear Robbers / Money Makers & Losers, 🤑 💰
This is our master plan to Heist EUR/NZD "EURO vs Kiwi" Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low
Stop Loss 🛑 : Recent Swing Low using 2h timeframe
Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰.
Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
Stay tuned with me and see you again with another Heist Plan..... 🫂
EURNZD biasEURNZD is clearly still long and will propably continue to be long for a while. here are 2 zones you could look for confirmation entries, i will be doing just that myself. Don't be surprised if we don't have another pullback before hitting the expected target.
and most importantly DO NOT trade against the trend, you will get burned trying to force this pair downwards towards a zone or poi. thats how most traders lose money
EURNZD - MARKET SENTIMENT WITH TRADE IDEA#EURNZD
Currently, according to the CURRENTLY STRENGTH, the EUR is slightly UP. The reason is that ECB RATE HIKE SENTIMENT is PRICE. The ECB is getting HAWKISH. Also, the NZD is going up a bit more than the EUR right now. Due to the OVERALL MARKET RISK ON, COMMODITIES are going up a bit, so NZD is going UP.. Due to this, EURNZD is going down a bit.
EURNZD can go up to the resistance area before going down again. So keep an eye on it.
If any MARKET SENTIMENT changes, EURNZD can go up to 1.7550 LEVEL. After that, EURNZD can be SELL by BREAKING STRUCTURES and can SELL at 1.6989 LEVEL. So stay tuned for MARKET UPDATES
eurnzd correction phase EurNzd getting Strength Today opening good bullish spike we have seen pair is on the support where it completed its 50% retracement and goes up This is very strong zone due to trendline support. thats support acted very beautifully and push the price. For a good impulsive move price needs a correction which is doing at the spot.
near trendline buying order can be placed
EURNZD Double bottom BreakoutThe idea here is about Forex: Euro/New Zealand Dollar (EURNZD).
My view is bullish short term for the above mentioned pair due to the below observed technical factors.
Points as per TA on a Weekly Chart:
1. Double Bottom pattern completed and neckline broken on weekly chart and the target goes the same distance as the height of the pattern, up from the neckline as below:
2. Broken out of downtrend long back with false breakout and breakdown on weekly chart as below:
3. Support Established on 200 EMA as below :
4. Possible Butterfly pattern CD leg under formation and min Fibonacci distance from XD is 1.272 as below which can is considered as future target price:
5. Trading above 20 & 200 EMA on Daily chart.
6. Kumo Twist & Breakout on a daily chart is Strong and on weekly kumo twist is neutral & Kumo breakout is currently consolidating.
7. RSI is at 73.14 on a daily and 66.31 on weekly chart at the time of publishing.
8. MACD way above signal line on weekly & daily chart.
9. Hull Moving Average & other Moving average is a strong Buy Signal on Daily, Weekly & monthly chart.
10. ADX is at 54.46 on daily chart (ADX Value above 50 is considered as very strong trend) & 13.19 on weekly chart (ADX value below 25 is considered as absent or weak trend).
11. Volume Spike in weekly chart signals strong Momentum.
Projected targets provided in chart.
Stop Loss: provided in Chart.
Note: Please bear with me if there is anything which I might have missed. Since, I am publishing my first TA on Forex.
Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”.
Do you like my TA & ideas!!
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Cheers.
EURNZD#EURNZD Hello trader, I hope are good and safe. Today I opened the chart of #EURNZD for 15 Min and analyzed it then I see that this chart has made a #downtrend, So I hope #EURNZD will go downside,
Now Nice opportunity for short.
If you have any query then leave a COMMENT, LIKE and FOLLOW.
Keep Supporting And Thank You..
EURNZDHello everyone, and welcome to my TradingView profile, my name is TRADiNG_Club_ and today I am going to analyze EUR/NZD a full technical analysis on different time frames using a translation of market information While doing so, let me give you a personal opinion about it. The next most likely market movement and helps you find and manage market opportunities.
My thoughts are for those who are interested in improving their financial education.
Thank You..
EURNZDHello everyone, and welcome to my TradingView profile, my name is TRADiNG_Club_ and today I am going to analyze EUR/NZD a full technical analysis on different time frames using a translation of market information While doing so, let me give you a personal opinion about it. The next most likely market movement and helps you find and manage market opportunities.
My thoughts are for those who are interested in improving their financial education.
Thank you..