EURNZDWe looking for buying opportunities as the market is still respecting the support zone resulting in buys to the upside|1H TIMEFRAME
EURNZD trade ideas
TradeCityPro | EURNZD Ideal Short Setup for Next Week👋 Welcome to the TradeCityPro channel!
Let’s analyze EURNZD as the forex market wraps up this week and prepare our triggers for next week’s positions!
🌍 Fundamental Overview
Euro (EUR):
Benefiting from the ECB's cautious tightening policies aimed at inflation control.
Mixed economic data, such as weak industrial output, limits bullish momentum.
New Zealand Dollar (NZD):
Supported by stronger commodity prices and a resilient domestic economy.
The RBNZ maintains a balanced policy outlook, strengthening the NZD further.
The contrast between the ECB's inflation focus and the NZD's solid fundamentals tilts the bias toward NZD. Global risk sentiment and commodity trends are pivotal in determining price direction.
🕒 4-Hour Timeframe Analysis
EURNZD is consolidating within a range between 1.7836 (support) and 1.8063 (resistance).
Last week saw minimal movement, but this consolidation suggests the pair is gearing up for a breakout.
The price didn’t reach the resistance this time and got rejected earlier.
It is now testing the support level.
📉 Short Position Trigger
If 1.7836 is broken with strong momentum, it would trigger a short position, targeting lower levels.
📈 Long Position Trigger
If the 1.7836 support holds for an extended time, buyers could step in.
A break above 1.8063 would confirm a long opportunity, especially if the price forms higher highs and higher lows in lower timeframes.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
EURNZD ENTRY IDEAOn this pair, we are anticipating for a SELL CONTINUATION, first we had a shift in trend yesterday, from the Daily,leaving us to a HANGING MAN CANDLESTICK PATTERN, also we have a 3omins tf confluences, plus the fact that the NZD is beginning to gain strength. You can join us if you are interested in this setup. update will be given in the UPDATE SESSION.
EURNZD Short: Eurozone CPI +2.3% vs +2.3% y/y expEurozone November preliminary CPI +2.3% vs +2.3% y/y expected.
This is in line with estimates which is a short due to no surprises.
eurnzd buy signal. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Bearish drop?EUR/NZD is rising towards the resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci retracement and could drop from this level to our take profit.
Entry: 1.80730
Why we like it:
There is an overlap resistance level that lines up with the 61.8% Fibonacci retracement.
Stop loss: 1.82729
Why we like it:
There is a pullback resistance level.
Take profit: 1.78341
Why we like it:
There is a pullback support level.
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EURNZD I’ve opened another sell position on this pair. It looks to be respecting the head & shoulder pattern. I’ll be looking to open another position when it breaks the support of the pattern.
EURNZD From what I can see, this pair has been falling ever since November 5. Since the Euro looks to be getting weaker across-the-board, I suspect this head and shoulder pattern will hold, resulting in bearish sentiment.
AGAIN WITH EURNZD, IS THIS A REVERSAL OR A PULL BACK?EURNZD is currently making a channel move on the 1h which indicates a pull back to previous weekly close. now we are looking for price reaction at 1.79500, a double top forming at this zone will indicate the coming in sellers to drive the price lower. this trade can make as much as 1:7. LOOKING for price to for an engulfing candle on the 1h and 4h or a pin bar candle on the 1h and 4h from this price level. 1.79500 is a key levle.
Head and shoulders pattern formed EurNzd has sucessfullly formed a head and sholders pattern and the week closed at the neck. looking for price to make a slight pull up and then drop from the neckline. a 4h rejection candle, will be the need signal. the swing is for a week and the meassured move down is about 300 pips
EURNZD- Bearish OpportunityThe endogenous factors and exogenous factors both decreasing for the pair EURNZD.
The Monthly Heat Map and Seasonality also suggest that last week of November is bearish for the pair EURNZD.
Current technical analysis shows that EURNZD is making an ABCD pattern. Typically we take entry on the break of B point but currently, we are getting it at a good price, with a better RR.
EURNZDThis pair similar to any other EUR pairs is expressing some huge downward movements. I am speculating this pair to push once more to the down side.
buy EURNZD !buying erea (1.78766-1.77451)
sl (1.77385)
tp1 (1.82738)
tp2 (1.91489)
second buying erea (1.76428-1.74879)
sl (1.74800)
tp1 (1.82738)
tp2 (1.91489)
A SELL COMING FOR THIS PAIR!A clear setup for this pair. If you're looking for a good SELL, EUNZD is one of the pairs you should consider trading. Keep an eye on it; it will yield nice returns!
EURNZDEURNZD short. The pair has Daily QM that broke out, this is further supported by the Daily breakout at current price action. I have already shorted from the H4 close.
EURNZD SELLEURNZD has a created a H&S pattern, a break below the neckline will validate a sell. Let me know what you thin in the comment section
EUR/NZD BULLISH BIAS RIGHT NOW| LONG
Hello, Friends!
Previous week’s red candle means that for us the EUR/NZD pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 1.803.
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EURNZD: Bulls Will Push Higher
Balance of buyers and sellers on the EURNZD pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the buyers, therefore is it only natural that we go long on the pair.
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Potential Short Setup – Head & Shoulders Pattern in PlayThe EUR/NZD currency pair has recently exhibited a head and shoulders pattern, a technical formation that often signals a potential reversal from an uptrend to a downtrend. This pattern comprises three peaks: the central peak (the head) is the highest, flanked by two lower peaks (the shoulders). The neckline, drawn by connecting the troughs between these peaks, serves as a critical support level. A decisive break below this neckline typically confirms the pattern and suggests a bearish reversal.
INVESTOPEDIA
In the case of EUR/NZD, the price has approached the neckline, which lies within a significant resistance zone between 1.8065 and 1.8160. A successful breach of this area could lead to further downward movement.
TRADINGVIEW
For traders considering a short position based on this pattern, it's prudent to wait for a clear break below the neckline, accompanied by increased trading volume, to confirm the bearish reversal. Setting a stop-loss order just above the right shoulder can help manage potential risks. The profit target is often estimated by measuring the vertical distance from the head to the neckline and projecting this distance downward from the breakout point.
INVESTOPEDIA
As of November 22, 2024, it's advisable to monitor the EUR/NZD pair closely for a confirmed neckline break before initiating a short position. Incorporating other technical indicators and staying informed about fundamental factors affecting the euro and New Zealand dollar can provide additional insights to support your trading decision.
EURNZD long ove
Price had hit and bounce off a strong support level, reacted bullishly and hence we cloud see more upward movement in price.
EURNZD Sell now !Price is at a strong resistance level and we can see it gave us a nice rejection. So we can take the sell trade now. 1:2 risk rewards.
EUR-NZD Bullish Bias! Buy!
Hello,Traders!
EUR-NZD is about to
Retest a horizontal support
Of 1.7831 from where
We will be expecting
A local bullish rebound
Buy!
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