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Eurnzdlong

20 Reasons For Buy EURNZD🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1:✨Eagle eye: The market has formed a bearish structure with a valid low. There is no significant area of imbalance or point of interest where price can touch and reverse. Upon closer examination, there are only two significant bullish candles in this range, both with high volumes. Despite the bearish structure, there have been no significant downside moves, indicating profit booking and institutional buying in this area. There is only one spike indicating a liquidity grab, followed by an inability to sustain downward momentum. In 2022, prices made a 5-year low and closed with a doji. Since the start of 2023, prices have exhibited consistent bullish strength, breaking the highs of the last two years. This provides a clear bullish picture. 2:📆Monthly: After a valid bullish BOS, the market entered a corrective phase where it absorbed liquidity and formed internal bullish structures. The monthly trend line is now approaching, and a break above this trend line would confirm the bullish trend. However, it is likely that price may undergo a small consolidation before the breakout. 3:📅Weekly: A clean and complete bullish structure is visible here, with a proper BOS. The market now has a clear view, and it is highly probable that price will continue to move higher after forming a valid high. There was an inducement at one point, followed by a quick bullish move, indicating active buying in this area to protect these levels. For now, it is recommended to trade within the weekly range until a breakout occurs, at which point new entries can be considered. 4:🕛Daily: The market has formed a proper bullish structure, and the corrective move has been completed. It is now suitable to initiate buy positions as everything is confirming the bullish outlook. Notably, during the recent corrective move, there was significant volume in the bullish candle, signaling a buy opportunity. 😇7 Dimension analysis 🟢 analysis time frame: Daily 5: 1 Price Structure: Bullish 6: 2 Pattern Candle Chart: Momentum candle 7: 3 Volume: High volume at the low, but the candle is bullish 8: 4 Momentum UNCONVENTIONAL RSI: Sideways for now, but the initial move has started with a divergence 9: 5 Volatility measure Bollinger Bands: No volatility yet, indicating calm before a potential storm 10: 6 Strength ADX: Bulls are gaining strength 11: 7 Sentiment ROC: EUR is strong ✔️ Entry Time Frame: H1 12: Entry TF Structure: Bullish 13: Entry Move: Impulsive 14: Support Resistance Base: Previous order block 15: FIB: Trendline support ☑️ Final comments: Buy 16: 💡Decision: Buy 17: 🚀Entry: 1.7703 18: ✋Stop Loss: 1.7575 19: 🎯Take Profit: 1.7990 20: 😊Risk to Reward Ratio: 1:2 🕛 Expected Duration: 10 days.
Long
by Optimum369
2
EURNZD - And The Trend Continues!Analysis: This is another setup that to us looks highly probable. Firstly price has been in this long term upwards trend, although recently we did see this trend break, however that was a fake out, and price has now continued the upwards trend so know this we're only looking to go long on this pair. The level where price is currently sat at is also a key level for multiple reasons. Firstly its been tested multiple times and has shown strong momentum from the level so we expect this to happen again. It is also around the 1.75000 psychological level which we expect some support from meaning that we already have the start of a great setup. To add to this setup we also have the 50% fib retracement level which is lining up exactly with our area so this give us more confidence as we expect that buyers will be sat at this area making it more likely that our level will hold. We've also got a long term upwards trendline which has been respected multiple times and has caused momentum so we anticipate that this will happen again. Fundamentally as well the EUR is the strongest major currency whereas the NZD is the 4th strongest major currency so this goes in our favour by a lot. The EUR recently did have a decrease in long positions and an increase in short positions but so did the NZD so this is why we are bullish on the EUR when it comes to EURNZD, giving us our overall bullish bias. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all. Stay Safe - JPI Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Long
by jpeacockfx
2
EURNZD to find support at previous swing high?EURNZD - Intraday Daily signals are bullish. Short term momentum is bullish. A lower correction is expected. The previous swing high is located at 1.7556. Previous resistance at 1.7520 now becomes support. We look to Buy at 1.7522 (stop at 1.7462) Our profit targets will be 1.7672 and 1.7692 Resistance: 1.7700 / 1.7738 / 1.7770 Support: 1.7650 / 1.7580 / 1.7530 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
EURNZD 1.74680 -0.29 % LONG IDEA 🐮📈💡HELLO EVERYONE HOPE EVERYONE IS DOING GOOD. * Looking at EUR/NZD HEADING INTO THE LONDON SESSION 1. ASIAS BSL TAKEN. 2. LOOKING FOR A PUSH INTO THE -OB / FVG & OT 50% FIB. 3. Looking at momentum heading into the PD arrays. 4. Looking at that unfilled FVG as a possible entry with the BULLS. 5. TARGET would be the the BSL & THE DAILY -OB. lets see how it goes. IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤ LOVELY TRADING WEEK TO YOU!
Long
by PULEMokhothu
EURNZD - Bullish Trend Based on the chart pattern analysis, it appears that the price is forming higher highs (HHs) and higher lows (HLs), which indicates a bullish trend. Furthermore, the Relative Strength Index (RSI) does not show any divergence currently. I recommend taking a long trade with a risk/reward ratio of 1:1 Please note that this is my personal analysis and trade plan, and it is important for you to conduct your own research and risk management strategies before making any trading decisions.
Long
by mansooryousafzai