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Euro / New Zealand Dollar

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EURNZD trade ideas

EURNZD short term bias turned positive.EURNZD - 24h expiry Short term bias has turned positive. Mixed but positive price action has resulted in consecutive, narrow-ranged, sideways trading days. We look to buy dips. 50 4hour EMA is at 1.7932. Our outlook is bullish. The sequence for trading is higher highs and lows. We look to Buy at 1.7940 (stop at 1.7880) Our profit targets will be 1.8090 and 1.8120 Resistance: 1.8000 / 1.8029 / 1.8070 Support: 1.7960 / 1.7900 / 1.7850 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.
Long
by OANDA
The 3 Step "Rocket Booster " System [Learn More]For some odd reason, my left shoulder hurts badly..am suspecting a bee sting. Because in my garden on the day before i went to water it, where a small bunch of bees so yesterday I didn't water the garden.. Despite the pain, I have decided to still share with you this 3-step system because I think it will help you.. The system is as follows... Step#1: The price has to be above the 50 EMA Step#2: The price should be above the 300 EMA Step#3: The price should gap up in a trend Now in this chart, you will see the CCI This indicator is meant to show you that this forex pair is undervalued or cheap this means it is a good buy to learn more Rocket boost this content trade safe. Disclaimer: Trading is risky please learn risk management and profit-taking strategies.
Long
by lubosi
EURNZD- Bearish Trade Setup This chart of EUR/NZD provides a technical setup, and the analysis suggests a strategy centered on a breakout and retest scenario. Here’s a detailed breakdown of the trading plan based on the provided chart: Technical Analysis: Breakout and Retest Strategy: The entry is contingent upon a breakout and retest of a defined resistance zone. The chart shows a key resistance level around 1.7946. Entry Point: Entry is advised on a confirmed breakout above the resistance, followed by a retest of this level which should then act as support. This increases the reliability of the entry by ensuring that the breakout is not a false one. Stop Loss: A stop loss is marked at 1.7946. This is set just above the breakout point to mitigate risk in case the price reverses after entering the trade. Take Profit: The chart suggests a take profit at a significant distance from the entry point, with a risk-to-reward ratio of 1:7, indicating a highly optimistic profit target relative to the risk taken. Fundamental Analysis: To supplement the technical approach, consider the following fundamental factors that could affect the EUR/NZD pair: Economic Releases: Key economic indicators from the Eurozone and New Zealand, such as GDP growth rates, inflation figures, and employment data, can significantly impact this currency pair. Positive data from the Eurozone can strengthen the EUR, while strong data from New Zealand can boost the NZD. Monetary Policy Decisions: Decisions by the European Central Bank (ECB) and the Reserve Bank of New Zealand (RBNZ) regarding interest rates and monetary policy are crucial. Diverging policies could lead to significant price movements. For example, if the ECB is more hawkish than the RBNZ, it could lead to a stronger EUR relative to the NZD. Political Developments: Any political instability in Europe or New Zealand could lead to volatility in this pair. Also, broader geopolitical issues and international trade relations could influence market sentiment. Market Sentiment: General market risk sentiment also affects the EUR/NZD. In times of global financial uncertainty or crisis, the NZD might underperform compared to the EUR, as the Eurozone is considered to have a more robust economic infrastructure. This analysis suggests a trade setup that is based on technical signals while also considering fundamental factors that could influence the pair’s movement. This dual approach helps in understanding both the market dynamics and the economic context that could drive the EUR/NZD currency pair.
Short
by factoryforex01
eurnzd shortDowntrend: The pair has been forming lower highs and lower lows, indicating a potential downtrend1. Moving Averages 50-period and 200-period Moving Averages: The price is currently below both the 50-period and 200-period moving averages, which is a bearish signal1. Key Levels Chart Patterns Double Top Formation: A double top pattern has formed, which is a classic bearish reversal signal1. Indicators Relative Strength Index (RSI): The RSI is trending downwards, indicating weakening momentum2. MACD: The MACD line is below the signal line, reinforcing the bearish outlook2. Conclusion Given the current technical indicators and chart patterns, the EUR/NZD pair is showing signs of a bearish trend on the H4 chart.
Short
by Mansa_Musa_Capital
EURNZD - Short TradeOn Tuesday (manipulation day) price swept the previous week high (PWH) with a great sign of weakness: a market structure break (MSB). Also, a good confluence for me is a MACD divergence on the 4H timeframe (when price made a higher high, but indicator show us also sign of weakness by not making a higher high in histogram). As a target, I prefer the opposite key level - 4H demand zone I'm excited to see your opinion in the comments, and I'd like it if you could boost this idea if it was helpful for you!
Short
by Maks_Klimenko