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Euro / New Zealand Dollar

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EURNZD trade ideas

EURNZD- Bearish Trade Setup This chart of EUR/NZD provides a technical setup, and the analysis suggests a strategy centered on a breakout and retest scenario. Here’s a detailed breakdown of the trading plan based on the provided chart: Technical Analysis: Breakout and Retest Strategy: The entry is contingent upon a breakout and retest of a defined resistance zone. The chart shows a key resistance level around 1.7946. Entry Point: Entry is advised on a confirmed breakout above the resistance, followed by a retest of this level which should then act as support. This increases the reliability of the entry by ensuring that the breakout is not a false one. Stop Loss: A stop loss is marked at 1.7946. This is set just above the breakout point to mitigate risk in case the price reverses after entering the trade. Take Profit: The chart suggests a take profit at a significant distance from the entry point, with a risk-to-reward ratio of 1:7, indicating a highly optimistic profit target relative to the risk taken. Fundamental Analysis: To supplement the technical approach, consider the following fundamental factors that could affect the EUR/NZD pair: Economic Releases: Key economic indicators from the Eurozone and New Zealand, such as GDP growth rates, inflation figures, and employment data, can significantly impact this currency pair. Positive data from the Eurozone can strengthen the EUR, while strong data from New Zealand can boost the NZD. Monetary Policy Decisions: Decisions by the European Central Bank (ECB) and the Reserve Bank of New Zealand (RBNZ) regarding interest rates and monetary policy are crucial. Diverging policies could lead to significant price movements. For example, if the ECB is more hawkish than the RBNZ, it could lead to a stronger EUR relative to the NZD. Political Developments: Any political instability in Europe or New Zealand could lead to volatility in this pair. Also, broader geopolitical issues and international trade relations could influence market sentiment. Market Sentiment: General market risk sentiment also affects the EUR/NZD. In times of global financial uncertainty or crisis, the NZD might underperform compared to the EUR, as the Eurozone is considered to have a more robust economic infrastructure. This analysis suggests a trade setup that is based on technical signals while also considering fundamental factors that could influence the pair’s movement. This dual approach helps in understanding both the market dynamics and the economic context that could drive the EUR/NZD currency pair.
Short
by factoryforex01
eurnzd shortDowntrend: The pair has been forming lower highs and lower lows, indicating a potential downtrend1. Moving Averages 50-period and 200-period Moving Averages: The price is currently below both the 50-period and 200-period moving averages, which is a bearish signal1. Key Levels Chart Patterns Double Top Formation: A double top pattern has formed, which is a classic bearish reversal signal1. Indicators Relative Strength Index (RSI): The RSI is trending downwards, indicating weakening momentum2. MACD: The MACD line is below the signal line, reinforcing the bearish outlook2. Conclusion Given the current technical indicators and chart patterns, the EUR/NZD pair is showing signs of a bearish trend on the H4 chart.
Short
by Mansa_Musa_Capital
EURNZD - Short TradeOn Tuesday (manipulation day) price swept the previous week high (PWH) with a great sign of weakness: a market structure break (MSB). Also, a good confluence for me is a MACD divergence on the 4H timeframe (when price made a higher high, but indicator show us also sign of weakness by not making a higher high in histogram). As a target, I prefer the opposite key level - 4H demand zone I'm excited to see your opinion in the comments, and I'd like it if you could boost this idea if it was helpful for you!
Short
by Maks_Klimenko
EUR/NZD Ready To Sell After 4H Closure To Get 200 Pips !If we have a good 4h bearish closure below this res we can sell this pair , and to be more sure you can wait for daily closure to get the best confirmation. This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Short
by FX_Elite_Club
EURNZD Awaiting Directional BreakoutEURNZD Awaiting Directional Breakout Technical Analysis: The EURNZD pair is currently consolidating within a triangle pattern. Typically, this pattern suggests a bullish movement, but the current situation presents a more complex scenario. Bullish Scenario: A breakout above the triangle pattern would confirm a bullish trend, potentially pushing EURNZD higher towards 1.8020 and 1.8075. Bearish Scenario: Conversely, a breakdown below the triangle pattern would confirm a bearish trend, potentially driving EURNZD lower to 1.7830 and 1.7760. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
by KlejdiCuni
3
Lingrid | EURNZD bearish MOMENTUM on the DAILY. Short The price perfectly fulfilled my last idea. FX:EURNZD made a significant nosedive on the daily timeframe but has since pulled back after bouncing off a support level. This pullback resulted in a 50% retracement, with rejection candles appearing on the daily chart. Currently, the price is testing the psychological level of 1.8000, and it's evident that the market is moving sideways just below this level, indicating that bears are beginning to show downward pressure. Given this setup, I anticipate a potential fake breakout or a price squeeze at the resistance, which could then lead to a subsequent bearish move. My target is support level at 1.77800 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
1