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Euro / New Zealand Dollar

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EURNZD trade ideas

EURNZD Is Bullish! Buy! Please, check our technical outlook for EURNZD. Time Frame: 7h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 1.765. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.774 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
EURNZD 4H *). Price Reaching the Support Level of 1.76270: When the price approaches a key support level, like 1.76270, it signifies an important potential trading opportunity. Support levels are price points where historically, the asset has had difficulty falling below, as buying interest tends to outweigh selling pressure. When the price nears this level, traders watch closely for potential signals: 1) Bounce Off Support: If the price touches 1.76270 and rebounds, it may indicate a continuation of the current trend or a reversal back upwards. This could be seen as a buying opportunity with a stop-loss just below the support level. 2) Breakthrough Support: If the price falls through 1.76270, it might signal further downside, suggesting a selling opportunity or a signal to exit long positions. This breach may lead to increased selling pressure and a move to the next support. 3) Observing the volume during these movements can provide additional confirmation. High volume on a bounce back up indicates strong buying interest, whereas high volume on a break below support suggests strong selling pressure. *). Trend Line Breakout on 4H Time Frame: A trend line breakout on the 4-hour (4H) time frame is a significant technical event indicating a potential shift in the market trend. Trend lines are drawn to connect successive higher lows in an uptrend or lower highs in a downtrend, helping traders visualize the direction and strength of the trend. A breakout occurs when the price moves decisively above or below this line. 1) Bullish Breakout: If the price breaks above a descending trend line, it suggests a potential reversal from a downtrend to an uptrend. This can be a strong buy signal, especially if accompanied by increasing volume. Traders might enter long positions, anticipating further upward movement. 2) Bearish Breakout: If the price breaks below an ascending trend line, it indicates a potential reversal from an uptrend to a downtrend. This can be a sell signal, prompting traders to take short positions or exit long positions in expectation of further decline. The 4-hour time frame provides a balance between shorter-term volatility and longer-term trends, making it a preferred chart for many swing traders. To enhance the reliability of the breakout signal, traders often look for confirmation through other indicators, such as moving averages, the Relative Strength Index (RSI), or MACD (Moving Average Convergence Divergence). Good Luck 🤞🤞🤞
Long
by vbenking91
1
EURNZD Sellers In Panic! BUY! My dear friends, Please, find my technical outlook for EURNZD below: The instrument tests an important psychological level 1.7657 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.7750 Recommended Stop Loss - 1.7597 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
DeGRAM | EURNZD breakout saleEURNZD is trading near the lower boundary of the descending channel. The price has fallen under the dynamic support, which now acts as resistance. The chart formed a bearish takeover when testing the trend line, and after the candle shadow re-defined the dynamic resistance. We expect the decline to continue after testing the lower boundary of the channel. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Short
by DeGRAM
2
EUR/NZD-Bullish Opportunity with Harmonic Pattern & RSI Div.This report provides a detailed technical analysis of the EUR/NZD currency pair, emphasizing a Bullish Butterfly Harmonic Pattern forming at a key support area. The analysis is supported by a Bullish RSI Divergence observed on the 4-hour chart, reinforcing our bullish bias. Bullish Butterfly Harmonic Pattern: The EUR/NZD is currently forming a Bullish Butterfly Harmonic Pattern, a reversal pattern signaling a potential bullish trend. This pattern is characterized by precise Fibonacci retracement and extension levels, indicating a potential upward price movement from the current support area. Key Support Area: The pattern is emerging at a significant support zone around 1.76671, which has historically provided strong buying interest. This level is crucial for our entry point, providing a favorable risk-to-reward ratio. Indicator Analysis RSI Divergence: The Relative Strength Index (RSI) on the 4-hour chart shows a bullish divergence, where the price makes lower lows while the RSI makes higher lows. This divergence suggests a weakening bearish momentum and potential bullish reversal. Trade Setup Entry Point: Entry: 1.76671 Stop Loss: Stop Loss: 1.76242 Take Profit Targets: TP-1: 1.77100 TP-2: 1.77529 TP-3: 1.77958 Risk Management: Setting a stop loss at 1.76242 ensures minimal risk exposure if the market moves against our position. The take profit targets are strategically placed to capitalize on the anticipated bullish movement, with each target offering progressively higher potential returns. Conclusion: Based on the formation of the Bullish Butterfly Harmonic Pattern and the Bullish RSI Divergence on the 4-hour chart, EUR/NZD exhibits a strong bullish bias. Traders are advised to enter the market at 1.76671, with a stop loss at 1.76242. The take profit targets of 1.77100, 1.77529, and 1.77958 provide clear exit points to maximize profits. By adhering to this trade setup and risk management strategy, traders can effectively navigate the EUR/NZD market, leveraging technical indicators and patterns to inform their trading decisions.
Long
by trading_jupiter
4
EUR/NZDBullish divergence is a concept used in technical analysis to identify potential buying opportunities in the financial markets. It occurs when the price of an asset is making lower lows, but an indicator (often a momentum oscillator like the Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), or stochastic oscillator) is making higher lows. This divergence suggests that the downward momentum is weakening, which could be an early sign of a reversal to the upside. Here's a step-by-step explanation of how to identify and interpret bullish divergence: Identifying Bullish Divergence 1. **Price Action**: Look at the price chart of the asset and identify two or more consecutive lower lows. This indicates that the price is in a downtrend. 2. **Indicator**: Choose a momentum indicator like RSI, MACD, or stochastic oscillator. Plot this indicator on the chart below the price action. 3. **Compare Lows**: Observe the indicator values corresponding to the price lows. If the indicator is making higher lows while the price is making lower lows, this is a bullish divergence. Interpretation - **Weakening Bearish Momentum**: The higher lows in the indicator suggest that the bearish momentum is weakening even though the price is still falling. This can be an early sign that the downtrend may be losing steam. - **Potential Reversal**: Bullish divergence often precedes a reversal or a significant upward movement in price. Traders use this as a signal to prepare for a potential buying opportunity. Example Consider a stock whose price has fallen from $50 to $40, making lower lows. At the same time, the RSI might have fallen from 30 to 25 initially but then risen to 28 on the next lower price low. This higher low in the RSI, coupled with a lower low in the price, forms a bullish divergence. ### Confirmation - **Volume**: Look for an increase in trading volume during the divergence as this can confirm the potential reversal. - **Support Levels**: Check if the price is approaching a known support level, which can strengthen the bullish signal. - **Candlestick Patterns**: Look for bullish candlestick patterns like hammer, engulfing, or doji near the divergence point for additional confirmation. Example Chart To visually illustrate a bullish divergence: 1. **Price Chart**: Plot the asset’s price showing lower lows. 2. **Indicator Chart**: Below the price chart, plot the RSI (or any chosen momentum indicator) showing higher lows. 3. **Highlight Divergence**: Draw lines on both charts to connect the respective lows and highlight the divergence. Practical Tips - **Use Multiple Timeframes**: Confirm the divergence on multiple timeframes to strengthen the validity of the signal. - **Risk Management**: Always use stop-loss orders to manage risk as divergences can sometimes fail, and prices can continue in the original trend direction. - **Combine with Other Indicators**: Use bullish divergence in conjunction with other technical indicators and analysis methods to increase the accuracy of your trades. Understanding and identifying bullish divergence can be a valuable tool in a trader's toolkit, helping to spot potential buying opportunities in the market.
Long
by B9A-88652-NisarAhmad
Potential bullish rise?EUR/NZD has just bounced off a support level which is an overlap support that lines up with the 161.8% Fibonacci extension and could rise to our take profit. Entry: 1.76311 Why we like it: There is an overlap support level that lines up with the 161.8% Fibonacci extension. Stop loss: 1.75413 Why we like it: There is a pullback support level which aligns with the 78.6% Fibonacci projection. Take profit: 1.77642 Why we like it: There is a pullback resistance level which lines up with the 38.2% Fibonacci retracement. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets