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Euro / New Zealand Dollar

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EURNZD trade ideas

Eur Nzd Long A long position on EUR/NZD looks promising based on strong support zones and bearish sentiment towards the New Zealand Dollar. The NZD faces pressure from weak domestic economic data and dovish Reserve Bank of New Zealand (RBNZ) policies. In contrast, the Euro is supported by stable Eurozone economic performance and potential ECB rate hikes. Technically, EUR/NZD has established firm support around key levels, providing a solid entry point for a long position. If the pair holds above these support zones and the NZD remains under pressure, a bullish move towards higher resistance levels is likely, making this an attractive setup.
Long
by realtrademaster
EURNZD What Next? BUY! My dear subscribers, My technical analysis for EURNZD is below: The price is coiling around a solid key level - 1.7579 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 1.7659 My Stop Loss - 1.7533 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
2
EURNZD HigherTrying EURNZD higher here. Rate differentials are moving higher, we got a hawkish cut from the ECB and EU data is improving overall, meanwhile the NZ economy is not doing so well. I also think NZDUSD moves a little lower here on a strong NFP and therefore likely higher US yields. EURNZD is closely inversely correlated with NZDUSD and so should follow. Sorry for the messy chart, you can see on there we broke out of a falling wedge which is a good technical sign, we also bounced off a rising trendline support. Not trading/investment advice, feedback welcome!
Long
by Spinning_
1
EURNZD: Buy Opportunity Well, as you can see, the price hit the daily bullish FVG in deep discount and cleared the sell-side liquidity. Here in the hourly chart, we know the market structure shifted and we are bullish now. Now we are on the buy side of the curve so we expect the price to stay above the key level and respect the bullish PD Arrays, like Order block and FVG that you can see on the chart. We need LTF confirmation for entry. 💌It is my honor to share your comments with me💌 🔎 DYOR 🗓️06/06/2024 💡Wait for the update!
Long
by VahidTradingCR
2
EURNZD to find sellers at market?EURNZD - 24h expiry 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. 20 4hour EMA is at 1.7597. We look for a temporary move higher. The sequence for trading is lower lows and highs. We look to Sell at 1.7598 (stop at 1.7648) Our profit targets will be 1.7478 and 1.7458 Resistance: 1.7600 / 1.7650 / 1.7680 Support: 1.7571 / 1.7525 / 1.7500 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. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA