EUR/NZD This is just an example of technical analysis H&SHIf helps you, please like and share.
Head & Shoulders
#price_action #trend_hunter FX:EURNZD
EURNZD trade ideas
EUR-NZD Will Keep Growing! Buy!
Hello,Traders!
EUR-NZD is going up after
The bullish breakout of
Key horizontal level of 1.7894
Which makes us bullish biased
And makes us expect
A further bullish move up
Buy!
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EUR/NZD BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
EUR/NZD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 1H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 1.793 area.
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EURNZD: Pullback From Key Level 🇪🇺🇳🇿
EURNZD may bounce from a key daily/intraday horizontal support.
Our confirmation is a double bottom pattern on an hourly
with a violation of its neckline.
Goal - 1.7863
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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.
EURNZD to CRASH short term???Currently ranging...We have a break of structure to the downside. What I am not sure of is, if it will take us out before the movement, but I'm almost too certain for the fall
Eurnzd AnalysisI am waiting for price to confirm to my setup as i envision a bearish move all the way down. My entry will be after the break of the support level. At the moment i will still be observing price movement while waiting for the perfect entry.
EURNZD Pair : EURNZD ( Euro / New Zealand Dollar )
Description :
Completed " 1234 " Impulsive Waves
Break of Structure
RSI - Divergence
Bullish Channel as an Corrective Pattern in Short Time Frame
Fibonacci Level - 50.00%
EURNZ BEARSChoCh! Direction change to downtrend. The high broke the low in a 4 hour chart. Price currently retracing to the supply zone before the downward movement. Equal highs (Red arrows) to be swept.
EUR/NZD Bearish Trend Expected After Double Top RejectionEUR/NZD is expected to enter a bearish trend after rejecting and forming a double top at the 1.80200 level. With the rate cut expected today, this bearish move could drop to 1.78520 without much resistance. Keep an eye on the RSI overbought/oversold zones for potential corrections along the way.
SELL EURNZD - trade explained in detail Trader Tom, a technical analyst with over 15 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button.
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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.
EURNZD 11 Sep. 2024Helllllllo my dear Friends !
We have EURNZD here and my strategy tells me that it can rise again from the highlighted price level !
So , I'm ready for taking the trade and try my chance !
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!
EURNZD swing trade this is 4hr EN , BPR below , daily FVG respected , 4hr FVG , we have now seen a sweep of the lows a clear purge on liquidity followed with a bos to the upside we are looking to enter off 67% of the range , clear demand in discounted price
EURNZD SELLPrice rejected Daily resistance area
1.80000 with a Head And Shoulders
patern. Entry of the retest of the neckline.
EUR/NZD Ready To Sell After 4H Closure To Get 200 Pips !If we have a good 4h bearish closure below this res we can sell this pair , and to be more sure you can wait for daily closure to get the best confirmation.
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
EURNZD ShortPossible swing trade
There was a change in character, and price created a new low. Price then retraced to the equilibrium zone and tapped the FVG. Possible 3 pin pattern formation happening. For aggressive trades, one can enter now as i have done but for conservative traders, wait for D candle close then enter tomorrow.
EURNZD ShortPrice has ran into resistance at the 1.8000 level. Also Have bearish divergence on H1 TF. If price breaks and close below 1.79137. I'll be looking to add a second entry on a retest of that level
EURNZD Awaiting Directional BreakoutEURNZD Awaiting Directional Breakout
Technical Analysis:
The EURNZD pair is currently consolidating within a triangle pattern. Typically, this pattern suggests a bullish movement, but the current situation presents a more complex scenario.
Bullish Scenario:
A breakout above the triangle pattern would confirm a bullish trend, potentially pushing EURNZD higher towards 1.8020 and 1.8075.
Bearish Scenario:
Conversely, a breakdown below the triangle pattern would confirm a bearish trend, potentially driving EURNZD lower to 1.7830 and 1.7760.
You may find more details in the chart!
Thank you and Good Luck!
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Lingrid | EURNZD bearish MOMENTUM on the DAILY. Short The price perfectly fulfilled my last idea. FX:EURNZD made a significant nosedive on the daily timeframe but has since pulled back after bouncing off a support level. This pullback resulted in a 50% retracement, with rejection candles appearing on the daily chart. Currently, the price is testing the psychological level of 1.8000, and it's evident that the market is moving sideways just below this level, indicating that bears are beginning to show downward pressure. Given this setup, I anticipate a potential fake breakout or a price squeeze at the resistance, which could then lead to a subsequent bearish move. My target is support level at 1.77800
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