EURNZD Buy/Long SignalEURNZD looks like a clear indicator on the daily for a nice day trade/swing trade set up. It has bullish momentum potential since the supporting trendline indicates a set up for a swing upward for the next few weeks. Please look below for a full breakdown analysis of EURNZD and any pairs you may request for us to analyze. Thank you!
Eurnzdsignals
EURNZD - MARKET SENTIMENT WITH TRADE IDEA#EURNZD
Currently, according to the CURRENTLY STRENGTH, the EUR is slightly UP. The reason is that ECB RATE HIKE SENTIMENT is PRICE. The ECB is getting HAWKISH. Also, the NZD is going up a bit more than the EUR right now. Due to the OVERALL MARKET RISK ON, COMMODITIES are going up a bit, so NZD is going UP.. Due to this, EURNZD is going down a bit.
EURNZD can go up to the resistance area before going down again. So keep an eye on it.
If any MARKET SENTIMENT changes, EURNZD can go up to 1.7719 LEVEL. After that, EURNZD can be SELL by BREAKING STRUCTURES and can SELL at 1.6787 LEVEL. So stay tuned for MARKET UPDATES
EURNZD - MARKET SENTIMENT WITH TRADE IDEA#EURNZD
Currently, according to the CURRENTLY STRENGTH, the EUR is slightly UP. The reason is that ECB RATE HIKE SENTIMENT is PRICE. The ECB is getting HAWKISH. Also, the NZD is going up a bit more than the EUR right now. Due to the OVERALL MARKET RISK ON, COMMODITIES are going up a bit, so NZD is going UP.. Due to this, EURNZD is going down a bit.
EURNZD can go up to the resistance area before going down again. So keep an eye on it.
If any MARKET SENTIMENT changes, EURNZD can go up to 1.7317 LEVEL. After that, EURNZD can be SELL by BREAKING STRUCTURES and can SELL at 1.6474 LEVEL. So stay tuned for MARKET UPDATES
EURNZD - MARKET SENTIMENT WITH TRADE IDEA#EURNZD
Currently, according to the CURRENTLY STRENGTH, the EUR is slightly UP. The reason is that ECB RATE HIKE SENTIMENT is PRICE. The ECB is getting HAWKISH. Also, the NZD is going up a bit more than the EUR right now. Due to OVERALL MARKET RISK OFF, NZD is going down because COMMODITIES are going down.. Due to this, EURNZD is going up.
EURNZD can go up to the resistance area before going down again. So keep an eye on it.
If any MARKET SENTIMENT changes, EURNZD can go up to 1.6938 LEVEL. After that, EURNZD can be SELL by BREAKING STRUCTURES and can SELL at 1.6100 LEVEL. So stay tuned for MARKET UPDATES.
EURNZD - MARKET SENTIMENT WITH TRADE IDEA#EURNZD
Currently, according to the CURRENTLY STRENGTH, the EUR is slightly UP. The reason is that ECB RATE HIKE SENTIMENT is PRICE. The ECB is getting HAWKISH. Also, the NZD is going up a bit more than the EUR right now. Due to OVERALL MARKET RISK OFF, NZD is going down because COMMODITIES are going down.. Due to this, EURNZD is going up.
EURNZD can go up to the resistance area before going down again. So keep an eye on it.
If any MARKET SENTIMENT changes, EURNZD can go up to 1.7177 LEVEL. After that, EURNZD can be SELL by BREAKING STRUCTURES and can SELL at 1.6474 LEVEL. So stay tuned for MARKET UPDATES.
EurNzd to rise back at 1.75?Since the low at the beginning of April, EurNzd has changed the bearish trend and at the end of October reached a high at 1.75.
From that top, the pair began to correct and now is trading at 1.67 zone.
I expect this rise to resume soon and swing traders can adopt 2 strategies for a new test of 1.75.
1. Buy in the 1.6400-1.6450 zone
2. Look for a daily close above the falling trend line of the falling wedge pattern
In both cases, a drop under 1.6 would negate the bullish scenario
EURNZD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find a significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURNZD Sell opportunity on the top of two Channels-------------------------------------------------------------------------------
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The EURNZD pair hit yesterday the 1W MA200 (red trend-line) for the first time since February 16 2022. At the same time, it touched the top (Lower Highs trend-line) of the Channel Down pattern that it has been trading in since the August 20, 2020 High. This is a technical sell entry (as long as it holds), that can target the 1D MA50 and 1D MA200 (blue and orange trend-lines respectively) on the short-term.
On the medium-term, a potential target is the bottom (Higher Lows trend-line) of an emerging Channel Up pattern since the April 05, 2022 Low. As long as it holds, and we rebound on its bottom, the pattern will be confirmed. Otherwise, a break-out downwards can test the 1.56000 Support and the bottom of the August 2020 Channel Down, where we can buy again when the 1W RSI hits its 1 year Buy Zone again.
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EURNZD remains a sell option below the 1D MA50The EURNZD pair continues trade on a bearish trend following our latest analysis last month. The price remains below both the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line) and within the long-term pattern of the Channel Down since the August 20 2020 High, it is aiming for at least the 1.5600 Support.
The Buy Zone of the Channel Down is located right below the Support. A buy there offers an excellent Risk/ Reward ratio targeting the 0.5 Fibonacci retracement level (1.6491) but a break below the Channel Down, should see us taking the loss and shifting back to selling as based on the 2020 fractal, the price can go as low as the 1.618 Fib extension (1.4500).
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EURNZD Long-term sell. Can get ugly if this level breaks.This is a EURNZD analysis on the 1W time-frame as our most recent one on 1D is fulfilling the projection we made on June 16:
The long-term pattern remains a Channel Down and our target the 1.5600 Support. Then we can consider buying near the Lower Lows (bottom) trend-line of the Channel with minimum risk and high return targeting the Internal Lower Highs (dashed) trend-line. The risk should be as minimal as possible as the slightest break below the Channel, would constitute an immediate sell signal and can open the way for a powerful sell-off.
The reason is the the 1W RSI Lower Highs pattern resembles that of mid 2020 which pushed the price down to the 1.618 Fibonacci extension on Feb 22 2021. That is now at 1.45000.
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EURNZD | Perspective for the new weekWith a long-term bearish momentum identified on the higher time frame, there is a possibility that we might be having a short-term bullish momentum during the week. So, in this video, I explained how to take advantage of whatever bias that arises.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
EURNZD Sell opportunityThe EURNZD pair eventually entered its bullish zone as outlined by our last analysis in April:
The price is now high enough within the Channel Down to justify a medium-term sell as not only did it come too close to the Lower Highs (top) trend-line but the 1D RSI is on Lower Highs after hitting the overbought level of 70.00. On top of that, a 1D Golden Cross is emerging (when the 1D MA50 crosses above the 1D MA200), which even though it is a technically bullish formation, last time it marked a 2 month bearish sequence. Target: previous Low at 1.5600.
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EURNZD - MARKET SENTIMENT - NZD FEATURE is currently slightly UP. The main reason for this is that in the old days MARKET RISK ON. But now there is a somewhat DOWN TRENDING nature. We can also mention the UP TREND in COMMODITIES as the main reason for the NZD UP TREND. But now COMMODITIES are DOWN. Today the NZD FEATURE stands at 0.6457 LEVEL. The EUR FEATURE stands at LEVEL 1.0692.
- Currently the OVERALL MARKET is showing RISK OFF. STOCKS is currently RED showing a RISK OFF SENTIMENT. And the VOLATILITY is getting a bit UP. Also COMMODITIES show a MIXED BIAS today. Currently the MARKET has a RISK OFF SENTIMENT. Therefore, in the future, all NZD CAD AUD currencies may be slightly lower compared to JPY CHF and USD currencies.
- EURNZD PRICE can be REJECT from 1.6364 LEVEL. If COMMODITIES PRICES are to be DOWN again, VOLATILITY UP UP, OVERALL MARKET RISK OFF, EURNZD will be further BUY.
- EURNZD PRICE can go to 1.6364 LEVEL before UP. Then it can be BUY to 1.6932 LEVEL. This is determined by the market sentiment and the market sentiment of the New Zealand dollar ... Currently EURNZD STRUCTURES BREAK.
EURNZD | New perspectiveThe identification of a strong bearish impulse leg on the daily time frame which was followed by a retracement wave that appears to have culminated around 61.8-78.6% ( 1.68000 zone) is a signal that the risk of further decline in price is imminent. So, this video explains how I intend to take advantage of the bearish move if it happens.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
EURNZD - MARKET SENTIMENT - No high impact news for the New Zealand dollar today. Also, there is no high impact news for JPY. But New Zealand's employment data is due out on Wednesday. Most likely NZDJPY will FOLLOW the MARKET SENTIMENT this week. So pay attention to VIX, MARKET SENTIMENT.
- NZD FEATURE is currently DOWN. The main reason for that is because MARKET RISK OFF. It will be UP again. But according to the current situation in the market, the DOWN TREND is still going down. The NZD FEATURE stands at 0.6438 LEVEL. The JPY FEATURE has been heavily DOWN before. Stay tuned for the VIX INDEX. Currently VIX is getting somewhat DOWN. The NZDJPY price is moving lower than the DYNAMIC LEVELS.
- OVERALL MARKET is currently NEUTRAL. Last Friday also a NEUTRAL TONE was played in the NEWYORK SESSION on the MARKET. US STOCKS are currently showing a GREEN SIDE BIAS. And VOLATILITY is becoming UP. Also COMMODITIES still shows a DOWN SIDE BIAS. There is a NEUTRAL BIAS currently on the market. It's a bit more than the DOWN SIDE BIAS. Because it is VIX UP and EQUITIES NEUTRAL. We can not say for sure whether the MARKET SENTIMENT is UP or DOWN. But according to the data available so far we can say that MARKETS RISK is OFF.
- NZDJPY Price may be slightly DOW at 82.10 LEVEL according to MARKET STRUCTURE. Then the NZDJPY price can be UP. It's probably up to 86.45 LEVEL. For that to happen, the TREND LINE must be BREAKED. So look at the REACTION of STOCKS MARKETS, VIX, SNP500 MARKETS.
EURNZD Neutral but watch these break-out levelsThe EURNZD pair has been trading above the 1D MA50 (blue trend-line) since the April 25 rejection. The area within the 1.6365 Resistance and 1.5930 Support is a Neutral Zone and traders can take advantage of it by scalping for as long as the price remains within.
A break above the 0.5 Fibonacci retracement level will be bullish towards the 0.618 Fib and the 0.786 in extension (1.6701 and 1.7000 respectively), while a break below the 1.5930 Support will be bearish towards th 1.56000 low of April 05.
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EURNZD | New perspectiveDespite a slight breakout of the bearish trendline identified on the 4H time frame; the appearance of a reversal structure in the form a double top pattern insinuates we might still be going down one more time before the buyers come in again.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.