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EURNZD trade ideas

Lingrid | EURNZD pullback Trade. Shorting OpportunityThe price perfectly fulfilled my last idea. It declined and hit the target level. The market bounced off the support level and is now heading towards the resistance zone at 1.79000. Given that the market is in a bearish trend on the daily timeframe, I believe it may continue to move downward. I foresee the possibility of the market retesting last week's high before resuming its downward momentum and making lower lows. My targe is support levele at 1.77200 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
8
Kiwi Power: Euro's Embarrassing DownfallIntroduction The EUR/NZD currency pair represents the exchange rate between the Euro and the New Zealand Dollar. Shorting this pair implies betting on the Euro weakening relative to the New Zealand Dollar. This report outlines professional reasons to short EURNZD to target 1.75, based on recent technical and fundamental analyses. Technical Analysis Downtrend Indicators Clear Downtrend on H4 Time Frame: The EURNZD chart on the H4 time frame shows a clear downtrend characterized by successive lower highs and lower lows. This pattern indicates a persistent bearish sentiment in the market . Bearish Momentum: The MACD line is below the signal line and in negative territory, indicating strong bearish momentum. The histogram also shows increasing bearish divergence, suggesting that the downtrend may continue . Additionally, the RSI is at 33.55, approaching the oversold zone, which indicates potential for further declines after a short-term correction . Widening Bollinger Bands: The Bollinger Bands have widened, indicating increased volatility. The price is currently near the lower band, suggesting potential oversold conditions but also highlighting the strong bearish trend . Key Support Levels Critical Support at 1.7748: Traders should monitor the support level at 1.7748 closely. A break below this level could signal further declines, making it a crucial point for short positions . Target Levels: Various analyses suggest target levels for short positions. For instance, a sell limit at 1.791-1.793 with targets at 1.758, 1.742, and 1.726 indicates a bearish outlook . Another analysis recommends a short position with a take profit zone between 1.7340 and 1.7390, reinforcing the bearish sentiment . Fundamental Analysis Economic Data Stronger NZD: Recent economic data from New Zealand shows stronger-than-expected producer prices, with PPI Input at 0.7% and PPI Output at 0.9%, both above forecasts. This supports the New Zealand Dollar, making it more likely for the EURNZD pair to decline . Market Sentiment Bearish Sentiment: The overall market sentiment for EURNZD is bearish. The presence of bearish candles and the widening Bollinger Bands indicate strong selling pressure . Additionally, the MACD and RSI indicators support the continuation of the downtrend . Conclusion Based on the technical and fundamental analyses, shorting EURNZD to target 1.75 is supported by several factors: A clear downtrend on the H4 time frame with successive lower highs and lower lows . Strong bearish momentum indicated by the MACD and RSI indicators . Increased volatility and bearish sentiment as shown by the widening Bollinger Bands . Stronger-than-expected economic data from New Zealand supporting the NZD . Critical support levels and target zones identified by various analyses . These factors collectively suggest that shorting EURNZD to target 1.75 is a viable strategy, given the current market conditions and technical indicators.
Short
by FtradeFXArabic
1
EUR/NZD Long FROM SupportHello Traders In This Chart EURNZD 4 HOURLY Forex Forecast By FOREX PLANET today EURNZD analysis 👆 🟢This Chart includes EURNZD market update) 🟢What is The Next Opportunity on EURNZD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
1
Overlap resistance ahead?EUR/NZD is rising towards the pivot which has been identified as an overlap resistance and could reverse to the 1st support. Pivot: 1.77963 1st Support: 1.76667 1st Resistance: 1.79086 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
EURNZD Will Go Up! Buy! Here is our detailed technical review for EURNZD. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 1.760. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.774 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
Bullish reversal?EUR/NZD is falling towards the support level which is an overlap support that is aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.76128 Why we like it: There is an overlap resistance level that is slightly above the 61.8% Fibonacci retracement. Stop loss: 1.74918 Why we like it: There is an overlap resistance level. Take profit: 1.77991 Why we like it: There is an overlap support that lines up with the 50% Fibonacci retracement. Enjoying your TradingView experience? Review us! 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
EURNZDRange Breakout: The pair has been trading within a range, and the breakout from this range signals potential bullish momentum. A breakout indicates that the price is ready to move out of its consolidation phase, with buyers now in control. Trendline Breakout: The price breaking above a key trendline further confirms a shift from a bearish or neutral market sentiment to a more bullish one. This is a strong signal that upward momentum is building. RSI Bullish Divergence: The Relative Strength Index (RSI) indicates a bullish divergence, meaning while the price was making lower lows within the range or downtrend, the RSI was making higher lows. This suggests that selling momentum is weakening, and buyers are starting to gain strength.
Long
by SohailChaudhary
Rise After Resistance Breakout or Drop to 1.7670 SupportAfter breaking the falling resistance line, EUR/NZD is likely to rise and may hit all targets. However, if it doesn't break through, the pair could drop to the 1.7660 support level. From there, we expect it to bounce back and go up again. This means it's important to watch the resistance level closely, as it will affect the pair's next move. A successful breakout could open up buying opportunities, while a drop to support might provide a good entry point for buyers.
by FXTradingAnalysis
2