EURNZD - Up for filling the imbalance ✅Hello traders!
‼️ This is my perspective on EURNZD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, but for now I expect price to make a pullback to fill the imbalance higher after taking sell side liquidity.
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Eurnzdforecast
EURNZD I Double top neckline broken and more downsideWelcome back! Let me know your thoughts in the comments!
** EURNZD Analysis - Listen to video!
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EurNzd could drop to 1.75 (500 pips)After the top near 1.85 in August, EurNzd dropped almost 1000 pips.
In October the pair started to recover, but failed to reach the previous high, instead found a strong ceiling at 1.82.
Since then, EurNzd tried multiple times to pass above this ceiling and dropped back to 1.8 each time.
1.8 acts as a very important psychological level but also as an important technical horizontal support.
A break of this support seems imminent and in such an instance, EurNzd could accelerate its decline to 1.75.
I'm bearish this pair and I'm looking to sell rallies for a good risk:reward.
EURNZD: 14/11/2023: Time to sell?As you can see market structure is bearish now and the price is in an external order block which has a high probability of selling.
Please pay attention to the liquidity pool above the major high. The price may sweep the liquidity and then fall.
We need LTF confirmation for entry.
💡Wait for the update!
🗓14/11/2023
🔎 DYOR
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EURNZD Long Term Selling 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 I Potential short from resistanceWelcome 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 Term Selling 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 is in possible down waveAn opportunity seems to be emerging in the EURNZD as it indicates a downward trend. Consider initiating a sell position upon observing the breakdown.
Should the downward momentum not sustain, observe the price action at the top and consider selling from that point.
Wishing you success in your endeavors.
EURNZD I Strong Supply Zone AheadWelcome 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 I Local short Welcome back! Let me know your thoughts in the comments!
** EURNZD Analysis - Listen to video!
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EURNZD,a Long entry setup, Swing Trade.📣📈 Recently news about NZD:
The New Zealand central central bank held benchmark rates at a 15-year high, as expected. However, the accompanying statement was less hawkish than anticipated. The RBNZ stated that policy needs to remain restrictive to ensure inflation returns to its 1%-3% target, echoing the global higher-for-longer narrative. However, it stopped short of suggesting further increases were on the table.
The diverging economic growth and monetary policy outlooks between the US and New Zealand suggest that any upside in NZD/USD could be limited. In recent months, the growth outlook in New Zealand has deteriorated compared to a material improvement in US economic growth expectations. Additionally, the US Federal Reserve has left the door open for one more rate hike before year-end
📣📈 Technical analysis:
1) From our screener, it shows NZD reversal to weak side from Over Bought level in Daily chart which means there is a strong sell on NZD relative to other currencies since last week for some reason.
2) Regarding to technical analysis, most of NZD currency pairs has break of structure (BOS), it is the first step of a trend reversal. We are waiting for a successful retest for a Swing entry.
3) Our trading plan about EURNZD - a Long entry setup
EURNZD was tested fairly strong support on the 200-day moving average, not too far from the June and July lows, with stronger support at the May low of 1.7165.
Moreover it has a breakout of the early-October high of 1.7825 since last Friday.
Execution: Coming 2 weeks, we are looking for a pullback above the 1.7165, that would be a higher low.
Long Entry after the pullback.
Stop loss at the May low of 1.7165.
Target 1.8034
Risk and Reward 1: 2 or better.
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 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 I Scalp & intraday opportunity 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 I Potential pullback short 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!