EURNZD Bearish Bias! EUR-NZD has almost reached
The supply cluster of the
Falling and horizontal levels
So a move down is to be
Expected towards the
Target of 1.749588 !
Eurnzdforecast
EURNZD Bullish Breakout!EUR-NZD broke the falling
Resistance line and the
Breakout is confirmed
So I am now bullish biased
And I think that we will
See a further move up
EURNZD - Change of structure ✅Hello traders!
‼️ This is my perspective on EURNZD.
Technical analysis: After price changed the character here I will start to look for a long position. My point of interest is if price fills that huge imbalance and then rejects from bullish order block.
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EURNZD I Impulse correction phase short opportunityWelcome 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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EUR/NZD SHORT from 1.7580We have an M-Top formation at an area of resistance and over the last few hours this overbought pair has been unwinding.
The neckline of the M-Top has been broken and the MACD crossed south some hours ago and although there are headwinds that may hold up EUR/NZD BEARS, the technicals suggest that we should be headed for 1.7534 as a minimun initial target.
On H4 we can see that the 200 EMA has been a formidable barrier to EURNZD BULLS and this level has been tested 3 times and prevented price from moving higher.
The RSI on H4 was also o.b. but this is now reading 61 and dropping.
The Andean Oscillator sees the green BUY line heading south over the signal line and the red SELL line is rising.
This looks like a certain move south but the concern would be the 50 EMA 100 EMA and 200 EMA on H1 all of which now stand in the way of the BEARS.
This trade will have to be closely observed and if it looks like EUR/NZ BULLS are getting a second win then the position will have to be closed.
STOP currently is at 43 pips (1.7621) which is the recent high. This is a hard STOP so if we move back north this trade will have to be closed.
Target is initially 1.7535 but if price makes its way down there then the position would have to be re-evaluated.
EURNZD I Technical and fundamental outlook 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
EUR/NZD shows signs of a bullish move on the 4-hour timeframe, tracking within a descending channel and potentially forming a double bottom pattern. Traders could consider initiating long positions following bullish price action confirmation, anticipating a reversal from the current downtrend. Keep a close watch for breakout signals and consider buying opportunities accordingly.
EURNZD Technical Analysis & Trade IdeaThe #EURNZD pair displays a clear bearish bias on the higher timeframe, with a recent decisive break of market structure highlighting a downward shift in price action. This breakdown, marked by lower highs and lower lows, suggests a potential continuation of this bearish momentum. Traders may find an attractive opportunity near the 61.8% Fibonacci retracement level, where a short entry could be considered. If price action revisits this level, it's suggested to place a stop-loss order above the recent swing high. Target previous lows for potential profit-taking.
It's crucial to remember that market analysis and trading carry inherent risks. Before entering any trades, always conduct your own comprehensive research, factoring in fundamental drivers and global economic events alongside your technical assessment. Employ prudent risk management strategies to protect your capital.
Disclaimer: The information provided here offers a technical perspective on the EURNZD pair. It does not constitute investment advice. Trading decisions should be based on your individual risk tolerance, thorough market analysis, and careful consideration of all relevant factors.
EurNzd- 1000 pips drop higes on 1.75 (Long term view)After reaching a high around the 1.85 zone, FX:EURNZD initiated a correction that eventually settled near the 1.75 zone.
Throughout the end of October and all of November last year, the pair formed a lower high around the 1.82 zone. Subsequently, following the formation of a double top pattern, the pair breached below the neckline and the rising long-term trend line, ultimately revisiting the 1.75 zone.
In December, there was a retest of the broken trend line, and after another examination of the 1.75 level, the pair experienced a rise.
However, this time, it encountered significant resistance at the crucial confluence level of 1.79 before retracing back to 1.75 once more. Taken together, these movements suggest mounting selling pressure and long-term distribution in the market.
Considering these cumulative factors, it's plausible to infer that the pair may be poised for a substantial decline.
A drop of 1000 pips doesn't seem out of the realm of possibility, given the current setup and historical patterns. The confluence of technical indicators and price behavior underscores the potential for a significant downturn in the pair's value.
Thus, traders may find it prudent to closely monitor these developments for potential trading opportunities aligned with the anticipated downward movement.
EURNZD Long Term Buying Buying IdeaHello Traders
In This Chart EURNZD HOURLY Forex Forecast By FOREX PLANET
today EURNZD analysis 👆
🟢This Chart includes_ (EURNZD market update)
🟢What is The Next Opportunity on EURNZD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
EURNZD Technical Analysis and Trade IdeaThe EURNZD pair exhibits clear bearish momentum. The current retracement to the 50% Fibonacci level presents a possible sell opportunity.
Trend: EURNZD demonstrates a well-defined downtrend.
Retracement: The price action is likely experiencing a corrective retracement before renewed selling pressure.
Fibonacci Confluence: The 50%-61.8% Fibonacci level is our optimal entry zone.
Trade Idea
Direction: Short
Entry: Upon bearish candlestick confirmation near the 50% Fibonacci level.
Target: 1.74840
Stop Loss: Place the stop loss above the recent swing high to manage risk.
Important Disclaimer
The provided analysis serves as a technical perspective and should not be misconstrued as direct investment advice. Please conduct comprehensive independent research and employ robust risk management strategies before committing to any trades.
EURNZD Trading Plan - 18/Feb/2024Hello Traders,
Hope you all are doing good!!
I expect EURNZD to go Up from here anytime.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
EURNZD I Bearish flag on weekly and potential continuationWelcome 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 - Bearish continuation Hello traders!
‼️ This is my perspective on EURNZD.
Technical analysis: As I expected in my previous analysis price filled the imbalance and rejected from bearish order block + trendline. I see bearish continuation and my target is sell side liquidity.
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EURNZD Bullish to Bearish Structure Change: Mean ReversionWe expect further downside on this pair, signalled by the key level breakout and retest. We can also see a change in market structure from bullish to bearish which supports our directional basis.
EURNZD - Short from trendline ✅Hello traders!
‼️ This is my perspective on EURNZD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short. I want price to make a retracement to fill the imbalance higher and then to reject from bearish order block + trendline.
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EURNZD Short Term Buy IdeaH4 - Bullish trend pattern followed by a pullback.
No opposite signs.
Until the two strong support zones hold my short term view remains bullish here.
EURNZD to push higher to 1.77770 handleA clear structure that we've identified EURNZD moving in.
I'm not going to explain too much as this is my first trade back in a while.
This isn't financial advise. Please trade carefully.
Saif
EURNZD: 2 HR Big bullish move expected! EURNZD in Wyckoff Method, we can confirm that price is in verge of big bullish move of 400 pips at least. If you look through the chart carefully, we have given reason for each move that EURNZD made in last few weeks. This idea has highest possibility of the trade. Though we need to take sell side liquidity into the consideration if price decide to push down to take out the liquidity and fill the void area, we should not be shocked if it does. So please keep that into the consideration while taking buy entry on this pair.
Euro can be extremely bullish in coming days, and this will likely to have effect on most of the euro pairs, same goes to EURUSD.
Please do like and comment if you agree with the idea. It will gives us encouragement. ❤️
EURNZD - Short active ✅Hello traders!
‼️ This is my perspective on EURNZD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short. I expect bearish price action as we can see that price filled the imbalance and rejected from bearish order block.
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EURNZD - Potential short opportunity ✅Hello traders!
‼️ This is my perspective on EURNZD.
Technical analysis: After price changed the character we can see clear lower lows and lower highs, so I am looking for short. I want price to make a retracement to fill the imbalance higher and then to reject from bearish order block.
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#EURNZD: some bullish movement before a dropDear Traders,
EURNZD recently broke out of ascending channel and also took out the sell side liquidity. Possible bullish price momentum expected to fill the market gap that it left behind. Use smaller time frame for entry and enter with proper risk management. Remember patience pays and this is our bias, yours can be different.
Good luck and thanks as always for showing support!
EURNZD is ready to go longIntraday bias in EUR/JPY stays on the upside at this point. Current rebound from 159.58 is in progress for a projection to 160.922.
A very clear entry for go long for us to open buy trade
