Eurnzdforecast
EURNZD:If we dip we buy!EURNZD
Intraday - We look to Buy at 1.6642 (stop at 1.6609)
Daily signals are mildly bullish. Expect trading to remain mixed and volatile. Trend line support is located at 1.6640. Bespoke support is located at 1.6640.
Our profit targets will be 1.6733 and 1.6753
Resistance: 1.6740 / 1.6770 / 1.6800
Support: 1.6700 / 1.6670 / 1.6640
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . 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 Signal Centre.
⁉️ EURNZD - Market Analysis Hello traders!
⁉️This is my analysis on EURNZD.
Here we are in a bullish market structure with clear higher highs and higher lows, now I expect a retracement and look for a long if the price fill the imbalance and rejects from bullish orderblock. As a target I have new higher high around price level 1.69000.
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EURNZD: Euro strength back?!EURNZD
Intraday - We look to Buy at 1.6683 (stop at 1.6647)
Previous resistance level of 1.6670 broken. Previous resistance, now becomes support at 1.6670. Daily signals are bullish. Our overall sentiment remains bullish looking for higher levels. We look to buy dips.
Our profit targets will be 1.6779 and 1.6799
Resistance: 1.6770 / 1.6800 / 1.6850
Support: 1.6730 / 1.6700 / 1.6670
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). 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 Signal Centre.
EURNZD - MARKET SENTIMENT - NZD FEATURE is currently slightly UP. The main reason for this is that in the old days MARKET RISK ON. But now there is a somewhat DOWN TRENDING nature. We can also mention the UP TREND in COMMODITIES as the main reason for the NZD UP TREND. But now COMMODITIES are DOWN. Today the NZD FEATURE stands at 0.6457 LEVEL. The EUR FEATURE stands at LEVEL 1.0692.
- Currently the OVERALL MARKET is showing RISK OFF. STOCKS is currently RED showing a RISK OFF SENTIMENT. And the VOLATILITY is getting a bit UP. Also COMMODITIES show a MIXED BIAS today. Currently the MARKET has a RISK OFF SENTIMENT. Therefore, in the future, all NZD CAD AUD currencies may be slightly lower compared to JPY CHF and USD currencies.
- EURNZD PRICE can be REJECT from 1.6364 LEVEL. If COMMODITIES PRICES are to be DOWN again, VOLATILITY UP UP, OVERALL MARKET RISK OFF, EURNZD will be further BUY.
- EURNZD PRICE can go to 1.6364 LEVEL before UP. Then it can be BUY to 1.6932 LEVEL. This is determined by the market sentiment and the market sentiment of the New Zealand dollar ... Currently EURNZD STRUCTURES BREAK.
EURNZD | New perspectiveThe identification of a strong bearish impulse leg on the daily time frame which was followed by a retracement wave that appears to have culminated around 61.8-78.6% ( 1.68000 zone) is a signal that the risk of further decline in price is imminent. So, this video explains how I intend to take advantage of the bearish move if it happens.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
EURNZD - MARKET SENTIMENT WITH TRADE IDEA- NZD FEATURE is currently slightly UP. The main reason for this is that in the old days MARKET RISK ON. We can also mention the UP TREND in COMMODITIES as the main reason for that. But now COMMODITIES are DOWN. Today the NZD FEATURE stands at 0.6547 LEVEL. The EUR FEATURE stands at 1.0759 LEVEL.
- Currently the OVERALL MARKET is showing RISK ON. STOCKS is currently GREEN showing a RISK ON SENTIMENT. Also the VOLATILITY is getting a bit DOWN. Also COMMODITIES show a UP SIDE BIAS today. Currently the market has a RISK ON SENTIMENT. Therefore, in the future, all NZD CAD AUD currencies may be UP compared to JPY CHF currencies.
- EURNZD PRICE can be REJECT from 1.6508 LEVEL. COMMODITIES PRICES If the UPA returns, VOLATILITY DOWN, OVERALL MARKET RISK ON, ON EURNZD will SELL further.
- EURNZD PRICE can go to 1.6095 LEVEL before UP. Then it can be BUY to 1.6932 LEVEL. This is determined by the market sentiment and market sentiment in terms of the activity of the New Zealand dollar.
Eurnzd Time frame AnalysisEurNzd
1st Window.
In this window we can see Trendline has been broken three week ago. And now this week market is testing its trenline since March 2020. But here 50 SMA is also a resistance. After that we also have resistence near 1.6811 since June 2021 and after that we also have a strong resistence near 1.7173 since July 2020.
2nd Window.
In this window we can see this is the D1 Timeframe. And market is following Trendline since April 2022. And from last 11 days market is down but in a channel. We can expect bullish breakout if market respect its Trendline. So we will find a reversal near 1.6871.
3rd Window
3rd window is showing market has broken its trendline and now testing TL. We may find a resistence and reversal near 1.66700.
4th Window
Here we are concluding that what should we do.
Risk Disclosure
TRADING IS NOT SUITABLE FOR EVERYONE. IF YOU DON’T KNOW WTF YOU’RE DOING, TRADING FOREX CAN CAUSE YOU TO COMPLETELY LOSE ALL OF YOUR MONEY.
FOREIGN CURRENCY TRADING IS HIGHLY SPECULATIVE AND RISKY.
IT IS ONLY SUITABLE FOR THOSE PEOPLE WHO UNDERSTAND, AND ARE WILLING TO TAKE ON, THE FINANCIAL AND OTHER RISKS INVOLVED, AND WHO HAVE THE RESOURCES TO WITHSTAND LOSSES THAT MAY BE SIGNIFICANTLY GREATER THAT ANY DEPOSITS YOU HAVE MADE.
Financial instruments that are traded on leverage carry a high level of risk and you could lose more than your deposits.
We will not be liable of any losses. Take trade if you can bear the losses.
EURNZD - MARKET SENTIMENT- NZD FEATURE is currently slightly UP. The main reason for this is that the previous day's MARKET RISK ON. We can also mention the UP TREND in COMMODITIES as the main reason for that. But now COMMODITIES are UP. Today the NZD FEATURE stands at 0.6309 LEVEL. The EUR FEATURE stands at 1.0581 LEVEL.
- Currently the OVERALL MARKET is showing a NEUTRAL BIAS. STOCKS is currently showing a MIXED RISK SENTIMENT. And the VOLATILITY is getting a bit DOWN. Also COMMODITIES shows a DOWN SIDE BIAS. Currently the market has a NEUTRAL BIAS. Therefore, in the future, all NZD CAD AUD currencies may be UP or DOWN compared to JPY CHF currencies.
- EURNZD PRICE can be REJECT from 1.6932 LEVEL. If COMMODITIES PRICES become DOWN again, VOLATILITY DOWN, OVERALL MARKET RISK ON, EURNZD will sell further. But if the TREND LINE does not BREAK it will continue to EURNZD BUY.
- EURNZD PRICE can go to 1.6932 LEVEL before DOWN. Then it can be sold at 1.6084 LEVEL. This is determined by the market sentiment and market sentiment in terms of the activity of the New Zealand dollar.
EURNZD | RISING WEDGEEURNZD has been trading in rising wedge (bearish pattern). Currently price is approaching to the support of the wedge.
We are expecting a rise from here as multiple confluence point reside there. We have EMA100 and fib 38.2% level and trendline support.
However, break below from fib level will be all over for bulls and trend will be bearish.
DeGRAM | EURNZD strong resistance EURNZD has reached a psychological resistance level of 1.68000.
Price could not go higher and, currently, bears are pushing price to support zones.
We are likely to see some price relief.
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DeGRAM | EURNZD strong resistance EURNZD has reached a psychological level.
We usually see some pullbacks or at least a sideways move at those types of strong levels.
The price is probably going to test the support levels and we might see some price relief.
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