EURNZD trade ideas
EURNZD I Continue long with 7840 support holding Welcome back! Let me know your thoughts in the comments!
** EURNZD Analysis - Listen to video!
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Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
14-11 EURNZD14-11 EURNZD The economic data indicates that this pair is entering an uptrend. We have placed a buy in at 1.79965 with the target of the top of the end of October. Our signal system gives the following score +7, built up from the following data: Cot Data 2, Retail sentiment 1, Seasonality -1, Trend reading 0, GDP -1, Manufacturing PMI 0, Services PMI 1, Retail Sales 2, Inflation 1, Employment Change 2, Unemployment Rate 1, Interest Rates -1. You can see that the inflation on the European side is better than with the New Zealanders. The development of unemployment is also better in Europe. When there is a trend change the sl is at 1.78, the bottom from the beginning of this week.
BUY EURNZD - Price action entry 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 Will Go Higher From Support! Long!
Please, check our technical outlook for EURNZD.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 1.785.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.790 level soon.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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EURNZD: Bullish Move From Support Confirmed 🇪🇺🇳🇿
EURNZD nicely reacted to a daily horizontal support.
First, the price started to consolidate within a narrow range
after its test.
Then a bullish movement initiated and the price violated both
the resistance of the range and the upper boundary of the falling wedge pattern.
We can expect more growth.
Goal - 1.7964
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EURNZD Long for 1.816012th December daily key reversal bar, made a new low, closed off the high. 1.7835 strong support level of two months. price forming intermediate double bottom. 1.8080 is initial resistance level, suspect it will break. 1.8160 is another resistance level, if price breaks and hold above that resistance level then suspect further strength for target 1.8245. Place stop loss below the previous support level i.e. 1.7820.
EurNzd WEEKLY Buys?WEEKLY: Just tapped WEEKLY Demand Zone looking for bullish momentum to break on 3MIN, 30MIN, and 4HR charts.
4HR: Still Bearish but expecting a close above 1.79826 to feel comfortable holding for swing.
30MIN: Currently breaking above previous high of 1.78695 looking for close in next 5min.
eurnzd buy signal. Don't forget about stop-loss.
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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
A new idea nor a setup for the EURNZD!A new idea or a setup for the EURNZD could involve analyzing recent price action and identifying key support and resistance levels. Consider looking for potential entry points based on technical analysis. Watching economic news that could impact the Euro and New Zealand Dollar might also be useful. A clear risk management strategy is crucial to protect against adverse movements.