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Eurnzdforecast

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 OVERALL MARKET RISK OFF, NZD is going down because COMMODITIES are going down.. Due to this, EURNZD is going up. 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 1.6938 LEVEL. After that, EURNZD can be SELL by BREAKING STRUCTURES and can SELL at 1.6100 LEVEL. So stay tuned for MARKET UPDATES.
by benny_marshall
1
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 OVERALL MARKET RISK OFF, NZD is going down because COMMODITIES are going down.. Due to this, EURNZD is going up. 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 1.7177 LEVEL. After that, EURNZD can be SELL by BREAKING STRUCTURES and can SELL at 1.6100 LEVEL. So stay tuned for MARKET UPDATES.
by benny_marshall
1
EurNzd could rise back above 1.7 figureConsidering the double bottom from March and April 2022, EurNzd reversed its trend and started to trade in an up channel. The pair made a high at the 1.75 zone in November and started to fall back to support. From this support, the pair started to rise again and late December found the pair consolidating and slightly correcting this new leg up. Yesterday's Pin Bac could be an indication that a new leg up will follow and a break back above 1.7 is probable. Medium-term traders could have 1.75 as their target for buy trades and negation comes under yesterday's low
Long
by Mihai_Iacob
7
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 OVERALL MARKET RISK OFF, NZD is going down because COMMODITIES are going down.. Due to this, EURNZD is going up. 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 1.7177 LEVEL. After that, EURNZD can be SELL by BREAKING STRUCTURES and can SELL at 1.6474 LEVEL. So stay tuned for MARKET UPDATES.
by benny_marshall
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 OVERALL MARKET RISK OFF, NZD is going down because COMMODITIES are going down.. Due to this, EURNZD is going up. 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 1.69050 LEVEL. After that, EURNZD can be SELL by BREAKING STRUCTURES and can SELL at 1.6100 LEVEL. So stay tuned for MARKET UPDATES. eurnzd
by benny_marshall
EURNZD - MARKET SENTIMENT WITH TRADE IDEA#EURNZD Currently, according to CURRENTLY STRENGTH, EUR is going down a bit. The reason is that ECB RATE HIKE SENTIMENT is not PRICE. And the NZD is going down a bit more than the EUR right now. COMMODITIES DOWN due to OVERALL MARKET RISK ON, NZD is UP now.. due to this, EURNZD is WEAK. Therefore, EURNZD can definitely go up to the resistance area of this triangle pattern before going down again. So keep an eye on it. If any MARKET SENTIMENT changes, EURNZD can go up to 1.6780 LEVEL. After that, EURNZD can be SELL by BREAKING STRUCTURES and can SELL at 1.6100 LEVEL. So stay tuned for MARKET UPDATES.
by benny_marshall
EURNZD - MARKET SENTIMENT WITH TRADE IDEA#EURNZD Currently, according to CURRENTLY STRENGTH, EUR is going down a bit. The reason is that ECB RATE HIKE SENTIMENT is not PRICE. And the NZD is going down a bit more than the EUR right now. COMMODITIES DOWN due to OVERALL MARKET RISK ON, NZD is UP now.. due to this, EURNZD is WEAK. Therefore, EURNZD can definitely go up to the resistance area of this triangle pattern before going down again. So keep an eye on it. If any MARKET SENTIMENT changes, EURNZD can go up to 1.6825 LEVEL. After that EURNZD can be SELL by BREAKING STRUCTURES and can SELL at 1.6200 LEVEL. So stay tuned for MARKET UPDATES.
by benny_marshall
EurNzd to rise back at 1.75?Since the low at the beginning of April, EurNzd has changed the bearish trend and at the end of October reached a high at 1.75. From that top, the pair began to correct and now is trading at 1.67 zone. I expect this rise to resume soon and swing traders can adopt 2 strategies for a new test of 1.75. 1. Buy in the 1.6400-1.6450 zone 2. Look for a daily close above the falling trend line of the falling wedge pattern In both cases, a drop under 1.6 would negate the bullish scenario
Long
by Mihai_Iacob
7
EURNZD - MARKET SENTIMENT WITH TRADE IDEA#EURNZD Currently, according to CURRENTLY STRENGTH, EUR is going down a bit. The reason is that ECB RATE HIKE SENTIMENT is not PRICE. And the NZD is going down a bit more than the EUR right now. COMMODITIES DOWN due to OVERALL MARKET RISK ON, NZD is UP now.. due to this, EURNZD is WEAK. Therefore, EURNZD can definitely go up to the resistance area of this triangle pattern before going down again. So keep an eye on it. If any MARKET SENTIMENT changes, EURNZD can go up to 1.6988 LEVEL. After that, EURNZD can be SELL by BREAKING STRUCTURES and can SELL at 1.6304 LEVEL. So stay tuned for MARKET UPDATES.
by benny_marshall
EURNZD - MARKET SENTIMENT WITH TRADE IDEA#EURNZD Currently, according to CURRENTLY STRENGTH, EUR is going down a bit. The reason is that ECB RATE HIKE SENTIMENT is not PRICE. And the NZD is going down a bit more than the EUR right now. COMMODITIES DOWN due to OVERALL MARKET RISK ON, NZD is UP now.. due to this, EURNZD is WEAK. Therefore, EURNZD can definitely go up to the resistance area of this triangle pattern before going down again. So keep an eye on it. If any MARKET SENTIMENT changes, EURNZD can go up to 1.7263 LEVEL. After that, by breaking the structures, EURNZD can be SELL and can be BUY at 1.6304 LEVEL. So stay tuned for MARKET UPDATES.
by benny_marshall
1
EurNzd could drop to supportAfter the break above the horizontal resistance level from 1.7150, EurNzd has traded in a range between this zone and a high of around 1.75 for one month. The pair couldn't continue its ascent and fell back down under support proving the up break as a false one. After the recent low, a correction to the up side followed and the final of this correction is in the old resistance and is marked by two reversal candles, Friday's one being a pin bar. I expect a new leg down from this pair and I'm looking to sell rallies. The target can be set around 1.64 support and only a daily close above 1.7150 would negate this bearish scenario
Short
by Mihai_Iacob
5
EURNZD - MARKET SENTIMENT WITH TRADE IDEA#EURNZD Currently, according to CURRENTLY STRENGTH, EUR is going down a bit. The reason is that ECB RATE HIKE SENTIMENT is not PRICE. And the NZD is going down a bit more than the EUR right now. Due to MARKET RISK OFF, NZD is going down because COMMODITIES are going down.. Due to this, EURNZD is getting weak. Therefore, EURNZD can definitely go DOWN to the SUPPORT AREA of this CHANNEL before going UP again. So keep an eye on it. If any MARKET SENTIMENT changes, EURNZD can SELL up to 1.6603 LEVEL. Also EURNZD can be BUY at 1.7845 LEVEL. So stay tuned for MARKET UPDATES.
by benny_marshall