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Eurnzdidea

EURNZD Weekly Forecast and AnalysisEURNZD Weekly Forecast and Analysis Overview: As we approach the upcoming trading week, the EURNZD pair exhibits a promising bullish outlook. Based on price action we expect the price to demonstrate a strong support base near a minor resistance zone, suggesting potential for further upward movement. Let’s delve into the detailed analysis based on price action and trend directions. Support and Resistance Zones: The key support and resistance zones marked on the chart are very crucial areas for traders to constantly watch price action around these two key levels for EURNZD pair. Price Action Insights: Bullish Candlestick Patterns: The formation of bullish engulfing candles near the minor support zone will highlight strong buying interests among traders. The formation of this pattern around the minor support zone will act as a reliable indicator of potential continuation in the bullish trend. EURNZD pair has recently shown a strong upwards momentum leaving traceable sign of bullish trend continuation. Breakout Scenario: If the EURNZD pair breaks above the highlighted resistance zone, we anticipate the price to reach new weekly highs, as indicated on the chart. This breakout could be driven by sustained buying pressure and positive market sentiment. Conclusion: In summary, the EURNZD pair is poised for continued bullish movement in the coming week. The price action and momentum analysis support the expectation of a breakout above the highlighted resistance zone, leading to new weekly highs. Traders should monitor key levels closely and consider potential entry points aligned with the observed price action and trend indicators. Staying informed and adaptable to market changes will be crucial for successful trading. Invest Wisely, By Piptera Digital Solution
Long
by Piptera-Digital-Solutions
2
EURNZD I Potential short from top of channel 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!Welcome back! Let me know your thoughts in the comments!
Short
by BKTradingAcademy
EURNZD Weekly Analysis and OutlookEURNZD Weekly Analysis and Outlook This week, the EURNZD pair has shown a strong upward trajectory, closing in a bullish continuation phase. This upward momentum indicates a positive sentiment among traders, suggesting further potential for growth. Current Market Overview: The pair has been steadily moving upwards, supported by favorable market conditions and bullish sentiment. As it approaches a key resistance zone, traders should closely monitor the price action. A successful break above this resistance would likely confirm the continuation of the bullish trend. Expectations and Potential Scenarios: Upon breaking the resistance zone, we anticipate that the EURNZD will continue its upward momentum. This breakout could open the door to higher levels, offering traders potential opportunities to capitalize on the bullish trend. Primary Expectation: If the resistance is broken, the price is likely to sustain its upward movement, potentially targeting higher resistance levels. This scenario would reinforce the bullish outlook, making it a favorable environment for long positions. Alternative Scenario: However, if the price encounters strong resistance and fails to break through, a temporary pullback could occur. Traders should be prepared for this scenario, as it might provide opportunities to reassess entry points at lower levels before resuming the upward trend. Conclusion: In summary, the EURNZD pair is poised for further upward movement following its recent bullish phase. Traders should watch for a decisive break above the resistance zone, which could serve as a catalyst for continued gains. Maintaining awareness of both bullish and corrective scenarios will be crucial for effective trading strategies. Stay updated with market developments and adjust your positions accordingly. By Piptera Digital Solutions, Invest Wisely!
Long
by Piptera-Digital-Solutions
2
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. 📉💶🇳🇿
Short
by fxtraderanthony
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.
Long
by trading_jupiter
4
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. 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
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
Long
by charles-okoukoni
3
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.
Long
by trading_jupiter
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.
Long
by fxtraderanthony
EURNZD → Day Analysis | BUY SetupHello Traders, here is the full analysis. Price reversal going up, levels for BUY . ! Great BUY opportunity EURNZD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Long
by TheGrove
1
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.
Short
by fxtraderanthony
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.
Short
by fxtraderanthony