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Eurnzdshort

EURNZD For the Upcoming DaysAfter setting Fib retracement here are the results: - Fib retracement and Extension we can conclude the there is a hard area to break and the trend is more likely to end begin rallying down for a reversal. - A major Resistance level is set on 1.69686 level and is so hard to break from the recent till down as shown the candlesticks have a bearish indicated wicks and a bearish pinbar candle was formed. According to Tech Analysis: - RSI still on 58 level - MACD still needs time to indicate for a downtrend Reminder: it may not be the right time to sell in the mean time, but just needs few days or maybe a week to show a 100% bearish confirmation and go short. That was a quick look for my idea about my idea. So bears, get ready.
Short
by JawadShoukeir
1
Selling EURNZD at trend line resistance.EURNZD - Intraday - We look to Sell at 1.6569 (stop at 1.6609) Trend line resistance is located at 1.6580. Bespoke resistance is located at 1.6570. Our short term bias remains negative. Preferred trade is to sell into rallies. Our profit targets will be 1.6469 and 1.6449 Resistance: 1.6470 / 1.6520 / 1.6570 Support: 1.6430 / 1.6400 / 1.6370 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.
Short
by OANDA
1
Selling EURNZD into a trend line.EURNZD - Intraday - We look to Sell at 1.6629 (stop at 1.6669) Trend line resistance is located at 1.6635. Prices expected to stall near trend line resistance. We look for a temporary move higher. Preferred trade is to sell into rallies. Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. Our short term bias remains negative. Our profit targets will be 1.6529 and 1.6509 Resistance: 1.6540 / 1.6570 / 1.6600 Support: 1.6480 / 1.6420 / 1.6370 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.
Short
by OANDA
1
EURNZD gains to be capped at trend of lower highs.EURNZD - Intraday - We look to Sell at 1.6699 (stop at 1.6733) The trend of lower highs is located at 1.6700. 20 1day EMA is at 1.6711. Our short term bias remains negative. Preferred trade is to sell into rallies. We look for a temporary move higher. Our profit targets will be 1.6614 and 1.6604 Resistance: 1.6655 / 1.6680 / 1.6700 Support: 1.6600 / 1.6570 / 1.6530 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.
Short
by OANDA
Selling EURNZD at previous support.EURNZD - Intraday - We look to Sell at 1.6598 (stop at 1.6638) Previous support at 1.6600 now becomes resistance. Our short term bias remains negative. Preferred trade is to sell into rallies. 20 4hour EMA is at 1.6609. Our profit targets will be 1.6498 and 1.6478 Resistance: 1.6500 / 1.6540 / 1.6600 Support: 1.6480 / 1.6440 / 1.6400 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.
Short
by OANDA
EURNZD - MARKET SENTIMENT WITH TRADE IDEA#EURNZD Currently, according to CURRENTLY STRENGTH, EUR is going down a bit. The reason is that ECB RATE HIKE SENTIMENT is not PRICE. And the NZD is going down a bit more than the EUR right now. COMMODITIES DOWN due to OVERALL MARKET RISK ON, NZD is UP now.. due to this, EURNZD is WEAK. Therefore, EURNZD can definitely go up to the resistance area of this triangle pattern before going down again. So keep an eye on it. If any MARKET SENTIMENT changes, EURNZD can go up to 1.6825 LEVEL. After that EURNZD can be SELL by BREAKING STRUCTURES and can SELL at 1.6200 LEVEL. So stay tuned for MARKET UPDATES.
by benny_marshall
Selling EURNZD at daily 20 EMA.EURNZD - Intraday - We look to Sell at 1.6827 (stop at 1.6867) Our short term bias remains negative. Preferred trade is to sell into rallies. 20 1day EMA is at 1.6827. Our profit targets will be 1.6727 and 1.6707 Resistance: 1.6740 / 1.6800 / 1.6830 Support: 1.6700 / 1.6670 / 1.6640 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.
Short
by OANDA
Selling EURNZD at market.EURNZD - Intraday - We look to Sell at 1.6679 (stop at 1.6719) Daily signals are bearish. Our short term bias remains negative. Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. There is no clear indication that the downward move is coming to an end. 20 4hour EMA is at 1.6680. Our profit targets will be 1.6579 and 1.6559 Resistance: 1.6650 / 1.6700 / 1.6750 Support: 1.6600 / 1.6570 / 1.6530 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.
Short
by OANDA
EURNZD continues to trend downwards.EURNZD - Intraday - We look to Sell at 1.6721 (stop at 1.6761) There is no clear indication that the downward move is coming to an end. Daily signals are bearish. Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. 20 4hour EMA is at 1.6722. Our profit targets will be 1.6621 and 1.6601 Resistance: 1.6700 / 1.6740 / 1.6770 Support: 1.6650 / 1.6621 / 1.6600 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.
Short
by OANDA
EURNZD - MARKET SENTIMENT WITH TRADE IDEA#EURNZD Currently, according to CURRENTLY STRENGTH, EUR is going down a bit. The reason is that ECB RATE HIKE SENTIMENT is not PRICE. And the NZD is going down a bit more than the EUR right now. COMMODITIES DOWN due to OVERALL MARKET RISK ON, NZD is UP now.. due to this, EURNZD is WEAK. Therefore, EURNZD can definitely go up to the resistance area of this triangle pattern before going down again. So keep an eye on it. If any MARKET SENTIMENT changes, EURNZD can go up to 1.6988 LEVEL. After that, EURNZD can be SELL by BREAKING STRUCTURES and can SELL at 1.6304 LEVEL. So stay tuned for MARKET UPDATES.
by benny_marshall
Selling EURNZD into previous support.EURNZD - Intraday - We look to Sell at 1.6845 (stop at 1.6884) Previous support at 1.6840 now becomes resistance. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. Our short term bias remains negative. 20 4hour EMA is at 1.6838. Our profit targets will be 1.6748 and 1.6728 Resistance: 1.6800 / 1.6840 / 1.6870 Support: 1.6730 / 1.6700 / 1.6670 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.
Short
by OANDA
EurNzd could drop to supportAfter the break above the horizontal resistance level from 1.7150, EurNzd has traded in a range between this zone and a high of around 1.75 for one month. The pair couldn't continue its ascent and fell back down under support proving the up break as a false one. After the recent low, a correction to the up side followed and the final of this correction is in the old resistance and is marked by two reversal candles, Friday's one being a pin bar. I expect a new leg down from this pair and I'm looking to sell rallies. The target can be set around 1.64 support and only a daily close above 1.7150 would negate this bearish scenario
Short
by Mihai_Iacob
5