EURNZD trade ideas
EURNZDEURNZD has retested a key support level at 1.73585 - 1.74178
The pair is already showing a bullish rebound.
A move up to retest the supply level around 1.85000 is likely.
This presents a promising opportunity for a LONG position.
Forex Trading Signal for EURNZDAttention traders! We have a new trading signal for the EUR/NZD currency pair.
Direction: Sell
Enter Price: 1.74058
Take Profit: 1.73580333
Stop Loss: 1.74881333
This signal has been generated using the EASY Quantum Ai strategy, which leverages advanced algorithms and historical data analysis to provide reliable forecasts. Here’s the rationale behind the forecast:
1. Trend Analysis: Recent charts and our technical indicators show a clear downtrend in the EUR/NZD pair, suggesting selling pressure.
2. Support and Resistance Levels: The pair has been struggling to break above the 1.74881333 resistance level, indicative of seller dominance.
3. Economic Data: The current economic outlook for the Eurozone appears weaker compared to New Zealand, further encouraging a bearish sentiment on this pair.
4. Technical Indicators: Our EASY Quantum Ai strategy indicates oversold conditions and moving average crossovers, both signaling a potential decline.
Align your trading strategy by entering at the price point of 1.74058, setting your take profit at 1.73580333, and your stop loss at 1.74881333 to manage your risk effectively.
Trade wisely and happy trading!
EUR-NZD Bullish Bias! Buy!
Hello,Traders!
EUR-NZD went down and
Is retesting a horizontal
Support level of 1.7384
So we are locally bullish
Biased and we will be
Expecting a local bullish rebound
Buy!
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EURNZD intraday rallies continue to attract sellers.EURNZD - Intraday
Our short term bias remains negative.
Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end.
Offers ample risk/reward to sell at the market.
There is no clear indication that the downward move is coming to an end.
20 4hour EMA is at 1.7483.
We look to Sell at 1.7482 (stop at 1.7532)
Our profit targets will be 1.7362 and 1.7332
Resistance: 1.7465 / 1.7525 / 1.7560
Support: 1.7430 / 1.7392 / 1.7350
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
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EUR/NZD STRONG SELLWhat I watch on 15 minute timeframe its a downtrend followed by Lower highs and lower lows in one hour timeframe, in 15 minutes we can also see a macd cross that its so strong for the sell.
EURNZD TO 1.71 LEVEL SOONeurnzd has a technical spec to go to 1.71 and below very soon , there is no doubt about it whatsoever
EURNZD sell opportunity EURNZD is coming from a supply zone and it is very bearish at the moment. Time to sell the eurnzd . Risk only 2% per the trade . Good luck
Navigating EURNZD: Technical Insights and Strategic OutlookCurrent Trend:
The EURNZD currency pair is exhibiting a downtrend on the 4-hour timeframe, characterized by lower highs and lower lows, which validate the bearish momentum.
Key Levels to Watch:
• Support Level: 1.74322
• Resistance Levels: To be determined based on the green line and zone
Scenario 1: Break of Support Level If the support level at 1.74322 is breached with a strong candlestick (full body with a small shadow) on this timeframe, it signals potential further downside movement. In this scenario, we anticipate a correction up to the green line, which represents a significant support/resistance level. Traders should look for confirmation of this break with additional technical indicators to support the trade decision.
Scenario 2: Break of Trend Line Conversely, if the blue trend line is broken, we expect a temporary correction towards the green zone. This correction would indicate a retracement within the downtrend, likely reaching the price range of . Traders should monitor for a decisive break of the trend line and validate the movement with volume analysis or other technical indicators.
Impact of Eurozone Interest Rate Decision: The upcoming Eurozone interest rate decision by the European Central Bank (ECB) is a critical fundamental factor that could significantly impact the EURNZD pair. If the ECB decides to raise interest rates, it could strengthen the Euro, potentially causing a reversal or slowing down the downtrend. Conversely, if the ECB keeps rates unchanged or lowers them, the Euro might weaken further, reinforcing the downtrend. Traders should closely monitor the ECB's announcements and press conferences, as they provide insights into future monetary policy and economic outlook.
Trading Strategy:
• Short Positions: Consider short positions if the support at 1.74322 is broken, aiming for targets below the green line. Use tight stop-loss orders to manage risk.
• Long Positions: Consider long positions if the blue trend line is broken, targeting the green zone for a temporary correction. Ensure stop-loss orders are in place to protect against false breakouts.
Risk Management:
• Ensure to place stop-loss orders at strategic levels to manage potential risks.
• Confirm trade setups with additional technical indicators such as RSI, MACD, or moving averages to increase the probability of successful trades.
• Monitor economic news and events that may impact the EURNZD pair, especially the ECB's interest rate decisions, as fundamental factors can influence market movements significantly.
Conclusion:
In the coming days, closely observe the price action around the specified support and trend line, and pay special attention to the ECB's interest rate decision. The most prudent approach is to wait for clear signals before entering trades, ensuring alignment with the overall downtrend and the identified technical levels. This strategic patience, combined with an awareness of fundamental events, will help in making informed and profitable trading decisions.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research and consult with a financial advisor before making any investment decisions.
DeGRAM | EURNZD pullback in the channelEURNZD is moving in a descending channel under the trend lines.
The chart is moving from the upper boundary of the channel, the price failed to break the dynamic resistance.
We expect the continuation of the decline in the channel.
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EURNZD buy setuphey guys here's what i am looking at EN, i am bullish to the upside, as we have seen price bouncing off the weekly sup many times as long as that level holds i am bullish on EURNZD minimum to 1.81000 lv.
EURNZD
The EURNZD pair is exhibiting a bullish trend on the daily timeframe, as it has formed a descending triangle and completed the Elliott Wave 4 at a key support level. A buy entry is advisable after the breakout of the descending trendline, signaling a potential upward movement. This setup indicates a strong possibility for a bullish continuation.
EURNZD long term Bias still BearishWith reference to my EURNZD analysis of April 2024. This pair is started losing momentum to the downside. There is still no confirmation for buying as yet. However, it might create a massy structure around the marked demands zones. Therefore, we need the price to pullback at least towards 1.78000 level (round number) break the previous high before continue moving lower and breaking the swing low around 1.76000 level.
EUR_NZD SWING LONG|
✅EUR_NZD has retested a key support level of 1.7400
And as the pair is already making a bullish rebound
A move up to retest the supply level above around 1.7563 is likely
LONG🚀
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EURNZDEURNZD is making LH and LL. however, Bullish Divergence appears on one hr timeframe. if bulls get strength, the instrument may give breakout of previous LH.
EURNZD 1H Time To Buy:
The price recently found support around the 1.74684 level, indicating a potential stabilization or buying interest at this point. This suggests that the downward pressure may have eased, making it a strong candidate for a bullish move. Based on this support level, the expectation is for the price to rise towards the previous day's high of 1.75990. This target represents a notable resistance level where the price previously encountered selling pressure, and surpassing it could signal a continuation of the upward trend.
EUR/NZD For Bearish After Pull-Backwait for creating lower high at red Arrow and then go short
- General Trend is Down
- EUR is Weak
- Creating lower high at red arrow or inside range of fibo levels (50:61)
- if you want to go long then you can entry with low trade size because you walk against general trend and out when creating lower high
have fun :)
EURNZD is BullishPrice has made first higher high and successfully broken previous lower high, indicating that bulls are in control of the price action. If the newly printed higher high is broken, price would move up to new highs. Targets are mentioned on the chart.
EURNZD - NEW BREAKOUT
Hello Traders !
Previously, The EURNZD formed a bearish rising wedge.
At the moment, The Support level (1.77076 - 1.76273) is broken.
The support becomes a new resistance level !
So, I predict a bearish move📉
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TARGET: 1.74700🎯
eurnzd analysis elliot. 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
#2462024| EURNZD Buying opportunity 1:5EURNZD Buying opportunity Appears in H4 Time Frame Looking Price Action for Long Term Buy
Risk and Reward Ratio is 1:5
After 50 pips Profit Set SL Entry Level
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EUR/NZD - Arriving !! Maybe we can take another +100 pips selling
Until breakout liquidity zone ..
Got the last idea right..
Always when you look a great zone, take advantage of it ..
if you liked it, FOLLOW ME
EURNZD- BEARISH ContinuationEURNZD is exhibiting a bearish trend, characterized by the formation of lower lows (LL) and lower highs (LH). This trend is expected to persist. I plan to enter a position at the Fibonacci level of 0.632, specifically at 1.75719, with a stop loss set at 1.77056 and a take profit target of 1.74620.
