EURNZD BULLISHEURNZD recently broke above a bearish trendline on h4 and currently testing it from above
expect a bull run soon towards the arrow indicated
Eurnzdforecast
EURNZD Technical Analysis and Trade Idea into the NY OpenThe EURNZD currency pair has been experiencing a strong downtrend. Notably, there have been consistent and clean price swings, except for a spike on Friday. I’m currently seeking an opportunity to short the market based on specific criteria related to price action. In the video, we analyze the trend, market structure, and price action, discussing two potential entry methods: using a limit sell order or manually trading on a lower timeframe. It’s essential to note that the content in the video is for educational purposes only and should not be considered financial advice1. 📉💶🇳🇿
EURNZDEURNZD has retested a key support level at 1.73585 - 1.74178
The pair is already showing a bullish rebound.
A move up to retest the supply level around 1.85000 is likely.
This presents a promising opportunity for a LONG position.
EURNZD
The EURNZD pair is exhibiting a bullish trend on the daily timeframe, as it has formed a descending triangle and completed the Elliott Wave 4 at a key support level. A buy entry is advisable after the breakout of the descending trendline, signaling a potential upward movement. This setup indicates a strong possibility for a bullish continuation.
EURNZD long term Bias still BearishWith reference to my EURNZD analysis of April 2024. This pair is started losing momentum to the downside. There is still no confirmation for buying as yet. However, it might create a massy structure around the marked demands zones. Therefore, we need the price to pullback at least towards 1.78000 level (round number) break the previous high before continue moving lower and breaking the swing low around 1.76000 level.
Eur Nzd Long A long position on EUR/NZD looks promising based on strong support zones and bearish sentiment towards the New Zealand Dollar. The NZD faces pressure from weak domestic economic data and dovish Reserve Bank of New Zealand (RBNZ) policies. In contrast, the Euro is supported by stable Eurozone economic performance and potential ECB rate hikes. Technically, EUR/NZD has established firm support around key levels, providing a solid entry point for a long position. If the pair holds above these support zones and the NZD remains under pressure, a bullish move towards higher resistance levels is likely, making this an attractive setup.
EURNZD Market DecisionFor this pair, the price indicates a dilemna momentum.
According to the longer timeframes, a falling flag pattern is formed, which might be a strong indication of a bullish momentum. As for now, a head and shoulder pattern has been formed, and when the support line breaks, it might be a strong bearish momentum. Let us wait and see how it will turn out.
EUR/NZD-Bullish Opportunity with Harmonic Pattern & RSI Div.This report provides a detailed technical analysis of the EUR/NZD currency pair, emphasizing a Bullish Butterfly Harmonic Pattern forming at a key support area. The analysis is supported by a Bullish RSI Divergence observed on the 4-hour chart, reinforcing our bullish bias.
Bullish Butterfly Harmonic Pattern:
The EUR/NZD is currently forming a Bullish Butterfly Harmonic Pattern, a reversal pattern signaling a potential bullish trend. This pattern is characterized by precise Fibonacci retracement and extension levels, indicating a potential upward price movement from the current support area.
Key Support Area:
The pattern is emerging at a significant support zone around 1.76671, which has historically provided strong buying interest. This level is crucial for our entry point, providing a favorable risk-to-reward ratio.
Indicator Analysis
RSI Divergence:
The Relative Strength Index (RSI) on the 4-hour chart shows a bullish divergence, where the price makes lower lows while the RSI makes higher lows. This divergence suggests a weakening bearish momentum and potential bullish reversal.
Trade Setup
Entry Point:
Entry: 1.76671
Stop Loss:
Stop Loss: 1.76242
Take Profit Targets:
TP-1: 1.77100
TP-2: 1.77529
TP-3: 1.77958
Risk Management:
Setting a stop loss at 1.76242 ensures minimal risk exposure if the market moves against our position. The take profit targets are strategically placed to capitalize on the anticipated bullish movement, with each target offering progressively higher potential returns.
Conclusion:
Based on the formation of the Bullish Butterfly Harmonic Pattern and the Bullish RSI Divergence on the 4-hour chart, EUR/NZD exhibits a strong bullish bias. Traders are advised to enter the market at 1.76671, with a stop loss at 1.76242. The take profit targets of 1.77100, 1.77529, and 1.77958 provide clear exit points to maximize profits.
By adhering to this trade setup and risk management strategy, traders can effectively navigate the EUR/NZD market, leveraging technical indicators and patterns to inform their trading decisions.
EURNZD - Seize Profitable Opportunity with Anti-Shark PatternEURNZD is currently exhibiting the formation of an Anti-Shark Harmonic Pattern (XABCD) coupled with the presence of a significant Trendline, indicating potential bearish momentum on the horizon. This analysis delves into the technical factors influencing the currency pair's movement and proposes strategic entry and exit points for traders to consider.
Pattern Identification:
Anti-Shark Harmonic (XABCD) with Trendline Confluence
The observed Anti-Shark Harmonic Pattern (XABCD) on the 1-hour time frame suggests a potential reversal in the prevailing trend. This pattern comprises distinct points: X, A, B, C, and D, with Point D marking a crucial juncture for market participants. Additionally, the convergence of a Trendline further emphasizes the significance of Point D as a potential turning point.
Key Levels:
Resistance Identified
Point D aligns strategically with a key resistance level, reinforcing the likelihood of bearish pressure manifesting from this point. Traders should remain vigilant as price action nears this critical area, as it often serves as a catalyst for significant market movements.
Entry Strategy:
Entry: 1.80900
Stop Loss: 1.81370
A prudent entry point at 1.80900 aligns with the anticipated bearish momentum following the completion of the Anti-Shark Harmonic Pattern. To mitigate risk, a stop loss set at 1.81370 provides a buffer against adverse price fluctuations, safeguarding capital in the event of unexpected market developments.
Take Profit Targets:
TP-1: 1.80400
TP-2: 1.79900
TP-3: 1.79436
Strategically positioned take profit targets offer traders opportunities to capitalize on potential downward movements. These targets, set at 1.80400, 1.79900, and 1.79436 respectively, correspond with key support levels where price action may encounter barriers or exhibit signs of reversal.
Conclusion:
In conclusion, the technical analysis of EURNZD on the 1-hour time frame indicates a favorable setup for bearish trading opportunities. With the formation of an Anti-Shark Harmonic Pattern and confluence with a Trendline, coupled with the proximity to a key resistance level, traders are advised to consider short positions with careful risk management. By adhering to the outlined entry, stop loss, and take profit levels, traders can navigate the market dynamics with greater confidence and precision.
EURNZD I Multiple timeframe analysis and trading planWelcome back! Let me know your thoughts in the comments!
** EURNZD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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EURNZD Long Trade Setup A #long trade opportunity recently presented itself on the #eurokiwi (#EURNZD) #trading chart 📈.
This is indicated by the #bullish harami candlestick 🕯️ pattern just above the 1.78600 horizontal support level.
This indicates a rejection of the same level, with potential price move in the upward 👆 ⬆️ direction (#buy).
Sufficient upward momentum should see price rallying towards the 1.81000 psychological level and possibly testing the strength of the 1.81162 horizontal resistance level.
As always, please apply appropriate risk management.
Happy trading!
#crosspair
EURNZD - Potential Reversal Zone Identified - Bullish BiasThe EURNZD pair is currently forming a Harmonic Pattern, specifically an XABCD pattern. This pattern indicates potential reversals in the market. At the completion of the pattern, we identify Point D, which is considered a Potential Reversal Zone (PRZ).
Confluence with Key Support Area:
Point D aligns with a Key Support area, further reinforcing our bias toward a potential trend reversal. This confluence strengthens our confidence in the upcoming price action.
Anticipated Trend Reversal to Bullish:
Given the formation of the Harmonic Pattern and alignment with the Key Support area, we anticipate a bullish trend reversal from Point D.
Entry, Stop Loss, and Take Profit Levels:
Entry: 1.79370
Stop Loss: 1.78420
Take Profit Targets:
TP-1: 1.80375
TP-2: 1.81290
TP-3: 1.82250
Conclusion:
With the formation of the Harmonic Pattern and the alignment of Point D with a Key Support area, we anticipate a bullish trend reversal in the EURNZD pair. Our entry point, stop loss, and take profit levels have been carefully calculated to maximize potential gains while managing risk. Traders should monitor price action closely for confirmation of the anticipated reversal.
EURNZD I Potential correction to 1.8000 resistance zone Welcome back! Let me know your thoughts in the comments!
** EURNZD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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EURNZD - Long idea ✅Hello traders!
‼️ This is my perspective on EURNZD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. I wait price to go a little bit lower to fulfill the imbalance and then to reject from institutional big figure 1.80000 + FIBO 0.618 level.
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EURNZD SELLHi fellow traders, EURNZD looks ready to make a move lower after completing the WXY correction in a flag formation. Target the 1,7143 level and move your stoploss to break even as soon as we reach the grey 'risk free zone'. Good luck and trade safe!
EURNZD Short Term Buy IdeaH1 - Downtrend line breakout
Higher highs
Until the strong support zone holds I expect the price to move higher further after pullbacks.
EURNZD Technical Analysis and Trade IdeaThe EURNZD has been in a strong a bullish trend across higher time frames. Our approach revolves around trend continuation, prompting us to seek entry points aligned with our predefined criteria based on price action analysis. In the presented video, we meticulously assess the prevailing trend, market structure, and price behavior, deliberating a prospective buying opportunity.
It's important to note that the information shared is intended purely for educational purposes and does not constitute financial advice. Trading entails inherent risks, underscoring the criticality of implementing robust risk management protocols consistently.
Ain`t no sunshine when the eurozone economy is goneFirst things first: Do you think one has to work for one or two circuses before he can start as a member of the ECB?
Anyway as surprised as the ECB may be about the total weakness of the euro economy ( no one could have foreseen it! ) as surprised they will probably be today when the GDP of the eurozone will disappoint the consensus forecast as well as the ECB forecasts.
-> EUR GDP will be weaker (0.1 or 0.2) than consensus (0.3) expects it.
The German industrial production today will also be weaker than consensus forecasts expects it.
Some other total surprising data no one could have expected:
The EUR PMIs were horrible this week
-> after the manufacturing sector the service sector is now also in contracting territory (unbelievable right?)
The German Factory orders yesterday were horrible x10 (as I forecasted) and much weaker than the consensus expected them. (surprised pikachu face)
Inflation will fall of a cliff from october onwards as the weakness from the economy will spill over to the consumer (retail sales already signalling it)
For a broader forecast look at my EURCAD trade, where I went into more detail about the EUR weakness.
If someone knows some good news from the eurozone I`m all ears but so far theres no sunshine when she (the economy) is gone.
EurNzd ShortI am going short on EurNzd as it has broken the support/resistance zone and also broke the trendline. My setup will be invalid if it passes the last resistance zone
EURNZD I Detailed analysis and trading plan Welcome back! Let me know your thoughts in the comments!
** EURNZD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
EURNZD: Second Entry Worth Possible 500 Pips: what do you think?Hey Everyone,
EURNZD with our first buying entry that we had posted that turned out to hitting our Take Profit area, now we are expecting the same similar movement. Price has formed AB=CD pattern. In this scenario, price most of the time create a opposite big movement in our case it can give us a nice bullish impulse, helping us to gain 500 pips at least. There are two entries, first one with a greater risk and second entry is much safer, it is up to you which one to take.
#EURNZD: Update 26/02/2024EURNZD as we explained in our first chart that AB=CD pattern is in process, that turn out to be true. Price rejected and bounce back from POINT 'D' now that price has rejected and breakthrough a consolidated region. We expect price to grow steadily with enough volume coming in New York session. Use the stop loss as described in the chart.
Good Luck and Happy Trading.
#EURNZD: First Major Drop and then Swing Buy?FX:EURNZD we have published numbers of chart analysis on eurnzd so far, and most of the time, the analysis has gone out in our favour. In our last chart analysis, we were hoping that price will fill the liquidity gap and then reject at the key level that we had identified, however, price mitigated early. We still think price will come to our key level and then bounce from there. We would recommend to wait for trend to become much clear.
Trade Safe and Good Luck.
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