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Euro / New Zealand Dollar

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EURNZD trade ideas

EURNZD next move(expecting a bullish move)(mid term)(12-08-2024)Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the mid term(12-08-2024) Current price- 1.81600 "if Price stays above 1.80600 , then next target is 1.82600 and 1.84600 and below that 1.80000. -POSSIBILITY-1 Wait (as geopolitical situation are worsening ) -POSSIBILITY-2 Wait (as geopolitical situation are worsening) Best of luck Never risk more than 1% of principal to follow any position. Support us by liking and sharing the post.
by AnupZiddi
1
DCF Bets: EUR+7/NZD-4Today's market presents a promising opportunity for a long bet on EUR+7/NZD-4, with a risk-to-reward ratio of at least 1:2. We're observing a shift in capital flow over the past 2 days, according to the 20-day DCF analysis. I've set a limit order at the beginning of EUR's demand zone, which will expire today at 23:00 GMT+2. The max risk for this trade is around 5%. Ideally, spotting a Bear Trap (a bullish liquidity pattern) forming in the demand zone on the lower time frames would be a great signal to add some extra positions.
Long
by CGE_Trading
EURNZD short position If the price breaks and closes below the 1.81685 level, a short position could be initiated with the expectation that the price might head towards the 1.79252 support area. The price is currently near a key support level around 1.81685, and there is a significant red bearish candle indicating selling pressure. There is also a pattern that could resemble a bearish pennant, with a downward sloping upper trendline and flat lower support. A break below the 1.81685 level could signal further downside.
Short
by Metow1sw
EUR/NZD Analysis: Navigating Key Resistance and Support Levels ✨ Welcome to my channel. Here, we analyze a new crypto project or Forex pair every day. 📅 Let's dive into today's analysis, focusing on the EUR/NZD pair in the Forex market. 🗂 About the Pair: The EUR/NZD pair represents the value of the Euro against the New Zealand Dollar. This currency pair is influenced by economic data, interest rate differentials, and global risk sentiment. Traders often look at it for opportunities based on the divergence between the European and New Zealand economies. 📊 Weekly Timeframe Analysis In the weekly timeframe, EUR/NZD has shown significant resistance at 1.8429, with the price pulling back after reaching this level. The current support levels to watch are at 1.7419 and 1.6412. The RSI (Relative Strength Index) is at 55.91, suggesting that the pair is in neutral territory, not overbought or oversold. Resistance Levels: 1.8429, 1.8300 Support Levels: 1.7419, 1.6412 📈 If EUR/NZD breaks above 1.8429, it could signal further bullish momentum towards the next resistance levels. Conversely, a decline below 1.7419 could open the door for a bearish trend towards the lower support levels. 📊 Daily Timeframe Analysis On the daily chart, EUR/NZD has been facing resistance at 1.8429, leading to a pullback. The immediate support lies around 1.7435, and the RSI is at 48.81, indicating a slight bearish bias but still within a neutral range. Resistance Levels: 1.8429 Support Levels: 1.7435 🧲 A move above 1.8429 could trigger a bullish rally, while a drop below 1.7435 could lead to further declines. 📊 4-Hour Timeframe Analysis In the 4-hour chart, EUR/NZD is hovering near the 0.382 Fibonacci retracement level at 1.8130. The pair is showing some bearish momentum, with the RSI at 35.97, indicating that it is nearing oversold territory. Fibonacci Levels: 0.382 at 1.8130, 0.618 at 1.7941 Support Level: 1.7939 📉 If EUR/NZD fails to hold the 1.8130 level, we could see further declines towards the next support at 1.7939, with potential for a bounce if the RSI reaches oversold conditions. 📊 RSI Oscillator Overview Weekly RSI: 55.91 (Neutral) Daily RSI: 48.81 (Neutral/Bearish) 4-Hour RSI: 35.97 (Near Oversold) The RSI across different timeframes indicates a mixed picture, with the potential for short-term bearishness on the 4-hour chart, while the weekly and daily charts remain neutral. ⚠️ Please note that this is not financial advice. I'm simply introducing this pair to you, and remember always to do your own research. 🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a pair you'd like me to analyze next.
by itsparham96
1