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EURNZD trade ideas

Technical Analysis: Potential Selling Opportunity on EURNZDTechnical Analysis: Potential Selling Opportunity on EURNZD Dear fellow traders, I would like to share a detailed analysis that has identified a potential selling opportunity on the EURNZD pair, based on careful technical analysis. Here are the details: Overview: Pair: EURNZD Timeframe: H1 (1-hour chart) Technical Context: Following a sharp downward movement, EURNZD found support at a key area and established a lateral consolidation. Recently, we observed two false breakouts of this consolidation, which attempted to push higher but lacked strength, quickly reversing back to a selling bias, indicating a scenario known as a "Bull trap". Indicators Used: LTA Breakout: Price broke below an upward trend line (LTA) within the consolidation, confirming weakness among buyers and strength among sellers. Price Patterns: The "Bull trap" pattern following the previous breakouts suggests a potential short-term reversal to the downside. Profit Targets: Target 1: 1.7875 - First significant support level. Target 2: 1.7845 - Second relevant support level for a possible continuation of the downtrend. Max Profit: 1.7790 - Key area where I expect the selling to reach its maximum potential. Risk Management: I am closely monitoring price action and will adjust the stop-loss as needed to protect potential profits and manage risk responsibly during the trade. Conclusion: Based on the technical analysis and identified price patterns, I am considering a selling position on EURNZD. Please note that this analysis is for educational purposes and does not constitute financial advice. I recommend conducting your own analysis before making trading decisions. I am available for discussions and clarifications in the comments. Wishing everyone success in their trading endeavors. Best regards, Italo Olini Tribo de Traders
Short
by ItaloOlini
EURNZD Bull RunSimple accumulation phase analysis of EURNZD. ---- About the analyst: Gerald Mann was born Mr. Peiman Ghasemi on February 16, 1988. After a long while of diplomatic cooperation as an adviser to Barack Obama, and as a veteran; but, finally, unfortunately he got deported from Turkey to Iran. While, in fact, he was praised by Barack Obama in 2014, but they refused to help him to become an American resident, and he never achieved his true right of being a U.S. citizen. Lately, not too much unusual, he was bothered by a group of traitor high ranked officers... And, lately, in fact, he is threatened nowadays by a few groups of international rebellion and unmerciful officers, and several pretty high ranked international officers... And he was confronted to those nasty agents whom theirs usual and everyday desire is to sue people because their self (individual) hatred and grudge. Using remote-sensing advancements... But, however, in the country of the residency (in Iran), as a waiver for punishment, fortunately the exit ban penalty omitted about him, by Iranian organizations... And he can leave the country... He holds several certificates of participation, majoring political science and business communications, from the Harvard University and the University of British Columbia.
Long
by GeraldMann
EURNZD-4H-BULLISH CONTINUATION OF TRENDEURNZD analyzes currency pairs using a mix of fundamental and technical analysis, supplemented with some sentiment indicators such as the Commitment of Traders (COT) report, Leading Economic Indicators (LEI), external and endogenous factors (EXO and ENDO), and seasonal trends. Let’s break down the analysis: 1. Fundamental Analysis LEI, EXO, ENDO: All are improving, which suggests strengthening fundamentals potentially for the EUR against the NZD. The overall trend of improvement in these indicators supports a bullish fundamental outlook for the EUR relative to the NZD. SCORECARD 3:(COMBINATION OF FUNDAMENTALS SCORE) Shows a mix of bullish and bearish sentiment but leans bullish in the final score. 2. Sentiment COT-FILP: This sentiment indicator leans towards bearish, as non-commercial long positions are increasing and short are decreasing. This suggests that traders, perhaps the larger speculative ones, are entirely convinced of the bullish scenario or are positioning long. 3. Seasonal: Indicates a typical pattern of an initial retracement in the first week followed by bullish sentiment. This aligns with some natural ebb and flow seen in currency pairs due to cyclical economic factors. 4. Technical Analysis Trend: Bullish, suggesting that recent movements support a continuation of upward momentum for EURNZD. Diversions: These are in sync, which likely means there is an upward momentum. Continuation and Reversal Patterns: You can noted a bullish continuation pattern and no significant reversal patterns, which typically suggests that the current trend (upward, in this case) is likely to continue. Overall Bias Despite some bearish sentiment from the COT report and mixed signals of SCORECARD 3, the fundamental improvements and supportive technical patterns lead to a predominantly bullish final score and overall bias. Interpretation and Trading Strategy Given the bullish fundamentals, supportive technical patterns, and despite some bearish sentiment signals, the recommended position seems to be leaning towards a bullish stance on the EURNZD. However, it would be prudent to consider risk management strategies, given the mixed sentiment signals: Entry Point: Look for temporary retracements on daily fvg and 50% fib retracement as potential entry points, especially in the first week if the seasonal pattern holds. Stop-Loss: Set stop-loss orders below key technical levels to protect against unforeseen reversals, particularly since the COT and FUNDAMENTAL SCORECARD show some bearish sentiment. Take-Profit: Establish profit targets at technically and fundamentally significant levels, considering both recent highs and any resistance levels identified by your technical analysis. As always, keep monitoring the market for any changes in fundamentals and sentiment that could affect the validity of this analysis.
Long
by AamirZahirali
EURNZD Long Trade Setup A #long trade opportunity recently presented itself on the #eurokiwi (#EURNZD) #trading chart 📈. This is indicated by the #bullish harami candlestick 🕯️ pattern just above the 1.78600 horizontal support level. This indicates a rejection of the same level, with potential price move in the upward 👆 ⬆️ direction (#buy). Sufficient upward momentum should see price rallying towards the 1.81000 psychological level and possibly testing the strength of the 1.81162 horizontal resistance level. As always, please apply appropriate risk management. Happy trading! #crosspair
Long
by charles-okoukoni
3
EURNZD - Potential Reversal Zone Identified - Bullish BiasThe EURNZD pair is currently forming a Harmonic Pattern, specifically an XABCD pattern. This pattern indicates potential reversals in the market. At the completion of the pattern, we identify Point D, which is considered a Potential Reversal Zone (PRZ). Confluence with Key Support Area: Point D aligns with a Key Support area, further reinforcing our bias toward a potential trend reversal. This confluence strengthens our confidence in the upcoming price action. Anticipated Trend Reversal to Bullish: Given the formation of the Harmonic Pattern and alignment with the Key Support area, we anticipate a bullish trend reversal from Point D. Entry, Stop Loss, and Take Profit Levels: Entry: 1.79370 Stop Loss: 1.78420 Take Profit Targets: TP-1: 1.80375 TP-2: 1.81290 TP-3: 1.82250 Conclusion: With the formation of the Harmonic Pattern and the alignment of Point D with a Key Support area, we anticipate a bullish trend reversal in the EURNZD pair. Our entry point, stop loss, and take profit levels have been carefully calculated to maximize potential gains while managing risk. Traders should monitor price action closely for confirmation of the anticipated reversal.
Long
by trading_jupiter
EURNZD I Potential correction to 1.8000 resistance zone Welcome back! Let me know your thoughts in the comments! ** EURNZD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
EURNZD | Short H1 | Market Exe |Technical Confluences for Trade: - Stochastics are in Overbought Conditions on H4 time-frame - Price action reversed away from Supply area - Price action may reverse back towards Resistance Trendline and 61.8% Fibo Retracement Suggested Trade: Entry @ Area of Interest 1.8100 - 1.8110 SL @ 1.8156 TP 1 @ 1.8057 (Close Half-Position & move SL to Entry level once TP1 is achieved) TP 2 @ 1.8009 Risk-to-Reward @ Approx. 2.03 (Depending on Entry Level) ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. Any websites / brokers / applications suggested here are also provided as informational purpose only. ________________________________
Short
by weekendanalyst
eur nzdthe EUR/NZD pair for potential retracements to former resistance-turned-support levels, indicating possible bounce areas. Resistance becoming support signifies a shift in market sentiment, with previous sellers turning into buyers. Additionally, the breakout zone, or "breaker block," might coincide with a demand area, suggesting strong buying interest and reinforcing the validity of the support level. Consequently, such retracement zones could be viewed as potential areas for bullish movements or trend continuation in the EUR/NZD pair.
Long
by junjuntadle2