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.
Eurnzdforecast
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.
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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 - 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: 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!
7 Dimension Analysis For EURNZD Yearly 🕛 TOPDOWN Analysis
Yearly: A multi-year bearish structure persists, notably mitigated after the 2020 liquidity. The current chart suggests a potential trend shift.
Monthly: The market induces a significant move, establishing a proper internal structure with clear mitigations. The last two candles exhibit pronounced long wicks, rejecting from previous long wick order blocks.
Weekly: A well-defined weekly internal bearish structure is in place.
😇 7 Dimension Analysis
Time Frame: H4
1️⃣ Swing Structure: Bearish
🟢 Structure Behavior: Break of Structure (BoS)
🟢 Swing Move: Impulsive move is intact after a proper BoS, with a pre-breakout buildup near support levels. It's advisable to monitor any support breakouts for potential sell entries.
🟢 Inducement: Done
🟢 Pullback: Completed with a proper liquidity sweep
🟢 Internal Structure: Sideways
🟢 Decisional OB: Mitigated; waiting for support breakout due to observed volatility spikes and a massive supply at the decisional OB area. Distribution is evident in the same area for the third time.
🟢 Time Frame Confluence: Daily and H4
2️⃣ Pattern
🟢 CHART PATTERNS: Reversal - Rounding Patterns, Triple Bottom (waiting for failure). Consolidation Rectangle - A strong consolidation range; waiting for support breakout. Continuation.
🟢 CANDLE PATTERNS: Massive consolidation range; avoiding candlestick patterns in a sideways market.
3️⃣ Volume
🟢 Fixed Range: According to it, in this bearish volume,
🟢 Volume on Breakout: Awaiting this
🟢 Volume during Consolidation: Not as needed so high chance market continue its fall moves
4️⃣ Momentum RSI
🟢 Zone: Bearish to strict sideways
🟢 Range Shift: Bearish to sideways; intact from many sessions, indicating a lack of bullish power to break this range.
🟢 Divergence: Some bullish divergences observed, but not strong enough to manipulate the market.
5️⃣ Volatility Bollinger Bands
🟢 Middle Band: Price is under the middle band.
🟢 Contraction: A long and strong contraction; breakout will be crucial for this move.
🟢 Headfake: A very clear headfake, suggesting a potential sharp downward move in the coming sessions.
6️⃣ Strength According to ROC
🟢 Values: EUR 3.47 vs. 7.20, clearly showing the strength of NZD.
7️⃣ Sentiment
✔️ Entry Time Frame: H4
✅ Entry TF Structure: Bearish
☑️ Current Move: Sideways; waiting for breakout
✔ Support Base: Previous swing low is support
☑️ Candles Behavior: Bears' candles appear stronger than bullish.
💡 Decision: Sell at the support line breakout
🚀 Entry: 1.7382
✋ Stop Loss: 1.7602
🎯 Take Profit: 1.6758, 2nd Exit if Internal Structure changes, also Exit 3rd Trendline Breakout, FOMO.
😊 Risk to Reward Ratio: 1:3
🕛 Expected Duration: 15 days
SUMMARY: The analysis reveals a persistent bearish stance with indications of potential bearish continuation. Monitoring support breakout for sell entries is advised, considering the observed volatility and supply factors. The decision emphasizes waiting for the right breakout conditions.
EUR/NZD is catching a beat and heading higher.....for nowEUR/NZD has support from the 200 day EMA which coincides with the WPP mid pivot. This should provide enough support for a move higher possibly targetting WR1 (Weekly Resistance) at 1.7611 over the next several hours.
The STOP at 1.7497 is under these 2 significant support levels.
EURNZD I In Consolidation But Here's What to Look ForWelcome 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!
7 Dimension Trade Idea For EURNZD 😇 7 Dimension Analysis
Time Frame: H4
1️⃣ Swing Structure: Bearish
🟢 Structure Behavior: Break of Structure (BoS)
🟢 Swing Move: Impulsive
🟢 Inducement: Liquidity sweep and start impulse
🟢 Pull Back: 1
🟢 Internal Structure: Bearish
🟢 Decisional OB: Mitigated and gave a proper reaction
Support Resistance Breakout/CIP: Playing a major role
🟢 Traps: False Breakout, considering the continuation, Shakeout
🟢 Time Frame Confluence: Daily
2️⃣ Pattern
🟢 CHART PATTERNS: Consolidation Gramophone Breakout, Shakeout Continuation Done
🟢 CANDLE PATTERNS: Long wick: at CIP area bearish, Momentum: many bearish candles appeared here,
3️⃣ Volume
🟢 A substantial volume observed during the consolidation phase, and also good at the breakout, meaning bears have full control of this pair
4️⃣ Momentum RSI
🟢 Zone: Bearish to sideways consolidation
5️⃣ Volatility Bollinger Bands
🟢 Middle band: Price Around here
🟢 Price is fully contracted in this point, volatility is compressed
6️⃣ Strength According to ROC
🟢 Values: 3.33 vs 7.04, NZD is much stronger than EUR
7️⃣ Sentiment: A small sell entry
✔️ Entry Time Frame: H1
✅ Entry TF Structure: Bearish
☑️ Current move: Impulsive
✔ Resistance Base: Trend line resistance
☑️ Candles Behavior: Momentum
☑️ FIB Trigger event: Done
☑️ Trend line breakout: Done
💡 Decision: Sell right at the opening
🚀 Entry: 1.7498
✋ Stop Loss: 1.7555
🎯 Take Profit: 1.7305
2nd If Internal Structure changes also Exit 3rd Trendline Breakout, Fomo
😊 Risk to Reward Ratio: 3.3
🕛 Expected Duration: 3 days
SUMMARY: The analysis indicates a bearish stance with a well-defined structure and pattern confluence. Volume and momentum align with the bearish bias. The decision is to sell at the opening with specified levels for entry, stop loss, and take profit, considering potential internal structure changes and trendline breakouts.