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Eurnzdshort

EURNZD Elliott Wave Analysis: Bearish momentumHello traders, Trust you are good. Please find below my Elliott wave analysis of EURNZD. You can refer to this chart to understand the underlining story. Following significant bearish pressure through an impulsive wave representing wave (A) of wave Y, the price corrected upward from 1.73935 to 1.76526. This corrective wave typically retraces between 38.20% and 61.80% of the previous wave length. The emergence of reversal signals around the 1.76500 price region after this upward correction suggests renewed bearish momentum, aligning with the anticipated wave (C) of Y. This bearish outlook is further reinforced by the presence of a bearish butterfly pattern. The target levels are set at 1.74854, 1.74296, and 1.74020. Cheers and happy trading.
Short
by Samuel124
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
EURNZD intraday rallies continue to attract sellers.EURNZD - Intraday 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. Offers ample risk/reward to sell at the market. There is no clear indication that the downward move is coming to an end. 20 4hour EMA is at 1.7483. We look to Sell at 1.7482 (stop at 1.7532) Our profit targets will be 1.7362 and 1.7332 Resistance: 1.7465 / 1.7525 / 1.7560 Support: 1.7430 / 1.7392 / 1.7350 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 potential short Fundamental : The recent political developments in Europe, specifically the rise of far-right movements, have introduced additional uncertainty in the European market. This political instability is negatively impacting the Euro, making it more volatile and susceptible to depreciation. Technical Analysis : Bearish Momentum: EURNZDr has shown signs of bearish momentum, suggesting that sellers are currently in control. This is evident from the recent price action and trend break. Political Uncertainty in Europe : The rise of far-right movements in Europe is creating a climate of uncertainty, which is generally negative for the Euro. This political instability is likely to weigh on the EUR/NZD pair, making the Euro less attractive compared to the relatively stable New Zealand dollar. Conclusion : EURNZD is presenting a potential short opportunity, driven by technical indicators of bearish momentum and compounded by the political uncertainty in Europe due to the rise of far-right movements. Traders should watch for breaks below key support levels and monitor the overall market sentiment and political developments in Europe.
Short
by Metow1sw
EURNZD to find sellers at market?EURNZD - 24h expiry 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. 20 4hour EMA is at 1.7597. We look for a temporary move higher. The sequence for trading is lower lows and highs. We look to Sell at 1.7598 (stop at 1.7648) Our profit targets will be 1.7478 and 1.7458 Resistance: 1.7600 / 1.7650 / 1.7680 Support: 1.7571 / 1.7525 / 1.7500 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 intraday rallies continues to attract sellers.EURNZD - 24h expiry 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. 50 4hour EMA is at 1.7683. We look for a temporary move higher. The sequence for trading is lower lows and highs. We look to Sell at 1.7683 (stop at 1.7733) Our profit targets will be 1.7563 and 1.7533 Resistance: 1.7650 / 1.7680 / 1.7720 Support: 1.7620 / 1.7571 / 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.
Short
by OANDA
EURNZD to continue in the downward move?EURNZD - 24h expiry Our short term bias remains negative. Preferred trade is to sell into rallies. 50 4hour EMA is at 1.7784. The sequence for trading is lower lows and highs. Expect trading to remain mixed and volatile. We look to Sell at 1.7785 (stop at 1.7835) Our profit targets will be 1.7665 and 1.7635 Resistance: 1.7760 / 1.7785 / 1.7820 Support: 1.7725 / 1.7700 / 1.7655 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 - Seize Profitable Opportunity with Anti-Shark PatternEURNZD is currently exhibiting the formation of an Anti-Shark Harmonic Pattern (XABCD) coupled with the presence of a significant Trendline, indicating potential bearish momentum on the horizon. This analysis delves into the technical factors influencing the currency pair's movement and proposes strategic entry and exit points for traders to consider. Pattern Identification: Anti-Shark Harmonic (XABCD) with Trendline Confluence The observed Anti-Shark Harmonic Pattern (XABCD) on the 1-hour time frame suggests a potential reversal in the prevailing trend. This pattern comprises distinct points: X, A, B, C, and D, with Point D marking a crucial juncture for market participants. Additionally, the convergence of a Trendline further emphasizes the significance of Point D as a potential turning point. Key Levels: Resistance Identified Point D aligns strategically with a key resistance level, reinforcing the likelihood of bearish pressure manifesting from this point. Traders should remain vigilant as price action nears this critical area, as it often serves as a catalyst for significant market movements. Entry Strategy: Entry: 1.80900 Stop Loss: 1.81370 A prudent entry point at 1.80900 aligns with the anticipated bearish momentum following the completion of the Anti-Shark Harmonic Pattern. To mitigate risk, a stop loss set at 1.81370 provides a buffer against adverse price fluctuations, safeguarding capital in the event of unexpected market developments. Take Profit Targets: TP-1: 1.80400 TP-2: 1.79900 TP-3: 1.79436 Strategically positioned take profit targets offer traders opportunities to capitalize on potential downward movements. These targets, set at 1.80400, 1.79900, and 1.79436 respectively, correspond with key support levels where price action may encounter barriers or exhibit signs of reversal. Conclusion: In conclusion, the technical analysis of EURNZD on the 1-hour time frame indicates a favorable setup for bearish trading opportunities. With the formation of an Anti-Shark Harmonic Pattern and confluence with a Trendline, coupled with the proximity to a key resistance level, traders are advised to consider short positions with careful risk management. By adhering to the outlined entry, stop loss, and take profit levels, traders can navigate the market dynamics with greater confidence and precision.
Short
by trading_jupiter
17
EURNZD in a bear flag.EURNZD - 24h expiry Price action is forming a bearish flag which has a bias to break to the downside. Trend line resistance is located at 1.7960. Rallies should be capped by yesterday's high. We look for a temporary move higher. Risk/Reward would be poor to call a sell from current levels. We look to Sell at 1.7950 (stop at 1.8000) Our profit targets will be 1.7830 and 1.7800 Resistance: 1.7926 / 1.7966 / 1.8000 Support: 1.7886 / 1.7842 / 1.7800 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 | Short H1 | Market Exe |Technical Confluences for Trade: - Stochastics are in Overbought Conditions on H4 time-frame - Price action reversed away from Supply area - Price action may reverse back towards Resistance Trendline and 61.8% Fibo Retracement Suggested Trade: Entry @ Area of Interest 1.8100 - 1.8110 SL @ 1.8156 TP 1 @ 1.8057 (Close Half-Position & move SL to Entry level once TP1 is achieved) TP 2 @ 1.8009 Risk-to-Reward @ Approx. 2.03 (Depending on Entry Level) ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. Any websites / brokers / applications suggested here are also provided as informational purpose only. ________________________________
Short
by weekendanalyst
Ain`t no sunshine when the eurozone economy is goneFirst things first: Do you think one has to work for one or two circuses before he can start as a member of the ECB? Anyway as surprised as the ECB may be about the total weakness of the euro economy ( no one could have foreseen it! ) as surprised they will probably be today when the GDP of the eurozone will disappoint the consensus forecast as well as the ECB forecasts. -> EUR GDP will be weaker (0.1 or 0.2) than consensus (0.3) expects it. The German industrial production today will also be weaker than consensus forecasts expects it. Some other total surprising data no one could have expected: The EUR PMIs were horrible this week -> after the manufacturing sector the service sector is now also in contracting territory (unbelievable right?) The German Factory orders yesterday were horrible x10 (as I forecasted) and much weaker than the consensus expected them. (surprised pikachu face) Inflation will fall of a cliff from october onwards as the weakness from the economy will spill over to the consumer (retail sales already signalling it) For a broader forecast look at my EURCAD trade, where I went into more detail about the EUR weakness. If someone knows some good news from the eurozone I`m all ears but so far theres no sunshine when she (the economy) is gone.
Short
by PrimeTrading
10