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Eurnzdshort

EUR/NZD SELL 4H 📉Hello and welcome traders to another trade idea with Fobian ☝️ Firstly, if you like what you see, please support our work by writing a comment and SMASH that like button! 👍 Let's catch these moves together! ✅ 👉 WE are waiting for conformation: - We have big push on downside. - EMA's give us SELL signal. - Break from uptrend channel. 💡 Why should you follow our profile on TradingView? Consistent chart updates Clean charts Short and long-term perspectives Visually teaches you valuable lessons High probability setups Analysis on a wide range of major markets SMASH that follow button! 👍 💡 Leave a comment and/or message us on how we can improve and provide better content, we are open to suggestions to create a better experience for you! Keep in mind that the analysis provided is not 100% accurate and that you can never be certain with the markets. This information given is not financial advice, always do your own research.
Short
by TBFinan
EURNZD - Bearish BiasEURO - Weak Bearish 1️⃣ Both Manufacturing and Services PMIs in the Eurozone declined in September. 2️⃣ Political uncertainty in Germany could affect the value of the EUR. NZD - Weak Bullish 1️⃣ Sentiment improved after the Fed issued a hawkish tone at the FOMC meeting. 2️⃣ New Zealand’s GDP grew by 2.8% in the second quarter of 2021. 3️⃣ New Zealand’s annual inflation rate rose to 3.3% in the second quarter of 2021. 4️⃣ New Zealand’s unemployment rate dropped to 4.0% in the second quarter of 2021. ===== Technical ===== We are selling the EURNZD after it failed to break the resistance. ===== Risk to this trade ===== Any change in sentiment could turn the pair's direction. Don't forget to like, comment, and subscribe for more ideas.
Short
by MonsunAsia
EURNZD - Bearish BiasEURO - Weak Bearish 1️⃣ Pressured by negative sentiment in the Eurozone. 2️⃣ Concerns about the spread of COVID-19 variant Delta in the region. 3️⃣ In August 2021, ZEW economic sentiment in the Eurozone fell by 18.5 points to 48.7 from the previous month’s 61.20. 4️⃣ Both Manufacturing and Services PMIs in the Eurozone declined due to the rise of COVID-19 in the region. 5️⃣ The German IFO business climate is forecast to deteriorate, following a decline in German ZEW sentiment. NZD - Strong Bullish 1️⃣ Recovered from a massive sell-off last week after Fed Officer Robert Kaplan considered delaying a reduction in Fed stimulus. 2️⃣ A positive market environment benefits high-beta currencies such as the NZD. 3️⃣ In the second quarter, retail sales in New Zealand increased by 3.3%, following a 2.8% increase in the previous period. ===== Technical ===== We are selling the EURNZD after it failed to break resistance levels. ===== Risk to this trade ===== Any change in sentiment could turn the pair's direction.
Short
by MonsunAsia
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