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Eurnzdsetup

EURNZD - MARKET SENTIMENT WITH TRADE IDEA- NZD FEATURE is currently slightly UP. The main reason for this is that in the old days MARKET RISK ON. We can also mention the UP TREND in COMMODITIES as the main reason for that. But now COMMODITIES are DOWN. Today the NZD FEATURE stands at 0.6547 LEVEL. The EUR FEATURE stands at 1.0759 LEVEL. - Currently the OVERALL MARKET is showing RISK ON. STOCKS is currently GREEN showing a RISK ON SENTIMENT. Also the VOLATILITY is getting a bit DOWN. Also COMMODITIES show a UP SIDE BIAS today. Currently the market has a RISK ON SENTIMENT. Therefore, in the future, all NZD CAD AUD currencies may be UP compared to JPY CHF currencies. - EURNZD PRICE can be REJECT from 1.6508 LEVEL. COMMODITIES PRICES If the UPA returns, VOLATILITY DOWN, OVERALL MARKET RISK ON, ON EURNZD will SELL further. - EURNZD PRICE can go to 1.6095 LEVEL before UP. Then it can be BUY to 1.6932 LEVEL. This is determined by the market sentiment and market sentiment in terms of the activity of the New Zealand dollar.
by benny_marshall
Eurnzd Time frame AnalysisEurNzd 1st Window. In this window we can see Trendline has been broken three week ago. And now this week market is testing its trenline since March 2020. But here 50 SMA is also a resistance. After that we also have resistence near 1.6811 since June 2021 and after that we also have a strong resistence near 1.7173 since July 2020. 2nd Window. In this window we can see this is the D1 Timeframe. And market is following Trendline since April 2022. And from last 11 days market is down but in a channel. We can expect bullish breakout if market respect its Trendline. So we will find a reversal near 1.6871. 3rd Window 3rd window is showing market has broken its trendline and now testing TL. We may find a resistence and reversal near 1.66700. 4th Window Here we are concluding that what should we do. Risk Disclosure TRADING IS NOT SUITABLE FOR EVERYONE. IF YOU DON’T KNOW WTF YOU’RE DOING, TRADING FOREX CAN CAUSE YOU TO COMPLETELY LOSE ALL OF YOUR MONEY. FOREIGN CURRENCY TRADING IS HIGHLY SPECULATIVE AND RISKY. IT IS ONLY SUITABLE FOR THOSE PEOPLE WHO UNDERSTAND, AND ARE WILLING TO TAKE ON, THE FINANCIAL AND OTHER RISKS INVOLVED, AND WHO HAVE THE RESOURCES TO WITHSTAND LOSSES THAT MAY BE SIGNIFICANTLY GREATER THAT ANY DEPOSITS YOU HAVE MADE. Financial instruments that are traded on leverage carry a high level of risk and you could lose more than your deposits. We will not be liable of any losses. Take trade if you can bear the losses.
Short
by Theranasaramd