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Eurnzdforecast

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.
Long
by ICT_Trader_SB
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
Long
by ForexPlanet20
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
Long
by ForexPlanet20
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!
Long
by BKTradingAcademy
8
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!
Short
by BKTradingAcademy
8
EURNZD Long Term Buying SELLING 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
Long
by ForexPlanet20
EurNzd could rise to 1.9- Long term outlookEurNzd is a very volatile pair and for sure is very risky to trade it in the short term, however, if you take a look at the longer picture and ignore 100+ pips usually daily volatility, you can find pretty nice opportunities. I think this is the case right now... EurNzd has been in a bull trend for quite some time and from May to August the pair formed a nice ascending triangle which was broken at the beginning of August. A retest of the broken resistance level followed, and a quick reversal after the touch. Also, this correction from 1.8446 top is a bullish flag and once broken, would suggest continuation. This, correlated with the 1k pips target given by the triangle, could lead to a rise to 1.9. That being said, I'm bullish EurNzd in the long term and I think the pair will reach 1.9 by year's end. Happy trading! Mihai Iacob
Long
by Mihai_Iacob
2
Are You Ready to Capitalize on the 1.822 Resistance Level?Examining the Monthly and Weekly charts, it's clear that this pair is on the verge of some critical areas on the higher timeframes – an exciting potential for spotting favorable selling opportunities. The first hotspot revolves around the Monthly resistance area at 1.822. Remarkably, just yesterday, the price came incredibly close to tapping this level. It's intriguing to consider if this might have been a clever stop-hunting maneuver, especially considering the price's swift pop above the previous resistance at 1.80500, followed by a prompt sell-off. To visualize this, take a glance at the image below This could well be the turning point for a more pronounced correction, though I'd certainly wait for confirmation. It's worth noting that the price has managed to stay perched above the 1.805 level, hinting at the possibility of an upward thrust, even aiming above 1.82. Explore this perspective in the image below Personally, my optimal approach involves patiently awaiting a price climb to 1.82, then making use of my TRFX indicator. I'd only dive into the trade once the Daily chart signals align with my strategy. Additionally, I'll be keen to spot any potential Daily signals within the present levels. As for potential targets in this trade, my sights are set on the former swing high resistance, now transformed into support, positioned at 1.75. This level is poised to attract considerable buying interest and could act as a strategic regrouping point for buyers, potentially fuelling the market's push toward the subsequent resistance region at 1.86. This also signifies the commencement of a Monthly supply/sell zone. Thus, I'm eyeing around 1.75 as my initial profit target, anticipating some sort of buying surge or a wave of profit-taking. If a subsequent response unfolds, wherein sellers regain influence and buyers struggle to secure new highs, there's potential for a more substantial retreat towards the 1.70 territory. This aligns perfectly with a Monthly demand/buy area. See a chart visual below I realize my posts might be a bit exhaustive, but dissecting my chart observations is my way of refining my trade ideas. Hopefully, this account proves both enlightening and insightful. Happy reading and trading!
Short
by TheFxAce
12