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EURNZD trade ideas

Trade Signal for EURNZD: Sell OpportunityDirection: Sell Enter Price: 1.76308 Take Profit: 1.76037 Stop Loss: 1.76805 We have identified a selling opportunity for the EURNZD currency pair based on our analysis with the EASY Quantum Ai strategy. This recommendation is supported by several key factors: 1. Technical Analysis: Our technical indicators have signaled a bearish trend. The resistance levels have been tested multiple times without a breakout, suggesting the price is more likely to decline from its current position rather than rise. 2. Momentum Indicators: The Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) are both showing bearish signals. The RSI has consistently hovered below the 50 mark, and the MACD histogram is indicating downward momentum. 3. Economic Data: Recent economic data releases from the Eurozone have underperformed compared to forecasts, putting pressure on the Euro. Conversely, New Zealand has shown strengthening economic indicators, which support a downturn in the EURNZD pair. 4. Global Sentiment: Global market sentiment appears to favor riskier assets, which typically benefits currencies like the New Zealand Dollar over safer options like the Euro. Considering these factors, our strategy suggests entering a sell position at the price of 1.76308. The take profit target is set at 1.76037, allowing for a strategic exit as the currency pair is expected to reach this support level. To manage risk, the stop loss is placed at 1.76805 to protect against any unexpected upward movements. This forecast has been made using the EASY Quantum Ai strategy, providing a data-driven approach to trading. Please make sure to conduct your own analysis and consider potential risks before entering any trades.
Short
by ForexRobotEasy
Falling towards 38.2% Fibonacci support?EUR/NZD is falling towards the support level which is a pullback support that lines up with the 38.2% Fibonacci retracement and could potentially bounce from this level to our take profit. Entry: 1.77237 Why we like it: There is a pullback support level which aligns with the 38.2% Fibonacci retracement. Stop loss: 1.76387 Why we like it: There is a pullback support level which aligns with the 76.4% Fibonacci retracement. Take profit: 1.78532 Why we like it: There is a pullback resistance level which lines up with the 161.8% Fibonacci extension. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
EURNZD My Opinion! SELL! My dear friends, Please, find my technical outlook for EURNZD below: The price is coiling around a solid key level - 1.7780 Bias - Bearish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 1.7684 Safe Stop Loss - 1.7838 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
EUR/NZD UPDATE ON CURRENT PROFITSEUR/NZD 4H - As you can see here price has really played out well for us over the course of the last two weeks, I am still waiting for TP to be hit but once it is I will be preparing for shorts. It is important we are patient with these longer term positions so we are able to make the most out of the trades themselves, as you can see price has really taken off over the course of the last 24 hours. This trade is currently running + 296 pips. (+ 10%) 10RR A big well done to anyone who jumped onboard of this trade when it was first sent out. Please ensure you are taking partials throughout your position and you are applying safety measures. If you guys have any questions with regards to the analysis or the trade itself please drop me a message or comment below and I will get back to you as soon as possible.
Long
by Lukegforex
EURNZD - In Bearish TrendEURNZD is in bearish trend but to confirm that I had plotted ABCD Bullish Reversal Harmonic on the chart at 1D time frame. 1D time frame gave me a holistic view of the chart and at the moment the chart is going from point C to D. Now, I have changed the time frame to 1H and found the chart is in bearish trend with LHs and LLs. However, on smaller time frames (30m, 15m) the chart has a bullish divergence and that is why I have chosen a pending order of Sell Limit. My trade is on the basis of 1H time frame and there is still a long way to reach point D of 1D time frame ABCD, I have selected two TPs (TP1 & TP2 - two orders). The Signal is: EP: SL: TP1: TP2: RR: 2% (Total) Lots: 0.45 x 2
Short
by MuhammadArif039
Lingrid | EURNZD potential PULLBACK tradeThe price perfectly fulfilled my last idea. The 1H chart is showing a strong uptrend, with the FX:EURNZD having recently broken and closed above the psychological level of 1.76000. The price action had previously formed a triangle pattern, which was ultimately broken through. I'm expecting a retest of the support level and the channel border. To confirm a buying signal, I'm looking for a fake breakout of this level. My target is resistance zone at 1.76900 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
3
EUR/NZD 4HR // 09 July 2024 AnalysisEUR/NZD currently has a downtrend setting up with 3 previous touches on the trendline and another one with a sweet rejection from both the marked area of support/resistance as well as the trendline. Confirming a good rejection on a lower timeframe, we can look for potential sells, a good target would be around the 1.75000 area. DISCLAIMER: This analysis is purely for personal reference and record keeping and should be taken as educational material only, NOT FINANCIAL ADVISE. I will not be responsible for profits or loses due to this analysis.
Short
by thebrowntrader
1
EURNZD Weekly Forecast and AnalysisEURNZD Weekly Forecast and Analysis Overview: As we approach the upcoming trading week, the EURNZD pair exhibits a promising bullish outlook. Based on price action we expect the price to demonstrate a strong support base near a minor resistance zone, suggesting potential for further upward movement. Let’s delve into the detailed analysis based on price action and trend directions. Support and Resistance Zones: The key support and resistance zones marked on the chart are very crucial areas for traders to constantly watch price action around these two key levels for EURNZD pair. Price Action Insights: Bullish Candlestick Patterns: The formation of bullish engulfing candles near the minor support zone will highlight strong buying interests among traders. The formation of this pattern around the minor support zone will act as a reliable indicator of potential continuation in the bullish trend. EURNZD pair has recently shown a strong upwards momentum leaving traceable sign of bullish trend continuation. Breakout Scenario: If the EURNZD pair breaks above the highlighted resistance zone, we anticipate the price to reach new weekly highs, as indicated on the chart. This breakout could be driven by sustained buying pressure and positive market sentiment. Conclusion: In summary, the EURNZD pair is poised for continued bullish movement in the coming week. The price action and momentum analysis support the expectation of a breakout above the highlighted resistance zone, leading to new weekly highs. Traders should monitor key levels closely and consider potential entry points aligned with the observed price action and trend indicators. Staying informed and adaptable to market changes will be crucial for successful trading. Invest Wisely, By Piptera Digital Solution
Long
by Piptera-Digital-Solutions
2