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Euro / New Zealand Dollar

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EURNZD trade ideas

EURNZD Set To Fall! SELL! My dear subscribers, My technical analysis for EURNZD is below: The price is coiling around a solid key level - 1.8067 Bias - Bearish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 1.7960 My Stop Loss - 1.8132 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
Short
by AnabelSignals
1
EURNZD - Forming a top. Breakdown possible.#6 of Q4 Price is forming a top here. The small expanding ending diagonal last week could be the top, but it is taking some time to breakdown. If price do break the red support zone confidently, movement down could be swift. For conservative trading, take a 50% short position now before confirmation in case you aren't available to catch it. But leave a possibility that the trade idea could fail, so risk small. Otherwise wait for breakdown. Good luck! Targeting a full retrace of this move at 1.7634.
Short
by QuercusTrading
EURNZD to breakdown?EURNZD - 24h expiry Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. An Evening Doji Star formation has been posted at the high. A break of bespoke support at 1.8000, and the move lower is already underway. Daily signals for sentiment are at overbought extremes. A higher correction is expected. We look to Sell a break of 1.7999 (stop at 1.8049) Our profit targets will be 1.7879 and 1.7859 Resistance: 1.8072 / 1.8099 / 1.8130 Support: 1.8000 / 1.7950 / 1.7900 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
Week 1: Dow Theory The EURNZD has shown signs of an advancing phase from 1.75 to 1.8 but has since halted in printing higher highs, indicating a potential shift in momentum. Traders should exercise caution and closely monitor the price action for further clues on the direction of the market. The initial Trade Plan was: Entry Point: 1.754 Stop Loss: 1.7442 Lot Size: 0.17 Lots Risk Reward Ratio: 1% Take Profit 1: 1.7638 Take Profit 2: 1.7736 It's important to remain adaptable in trading and reassess the trade setup as new information unfolds. Traders may consider tightening stop losses, trailing profits, or exiting the position entirely based on evolving market conditions.
Long
by nilambano3
EURNZD LOOKING SWEATHello fellow traders, i trade with PRICE ACTION plus SMC works best. Keep your eyes on this EURNZD pair. price is now at a resistance on the Daily timeframe, a break and retest above signal a bullish continuation. Dail traders can scale down to H1 and 30min for intraday setups. I've already caught and ride the buy from down below, a break below the resistance and the supporting trendline above signals a sell. Y'all can add this pair to your watchlist. Have a happy trading.
by Olivathetrader
1
EURNZD scalping for 70 PIPS READ DESCRIPTIONBased on the technical analysis and market sentiment provided, let's analyze the potential trade setup for EUR/NZD: 1. **Support and Demand Zones**: EUR/NZD is currently at a 2-hour support zone ranging from 1.80000 to 1.80200. This indicates a potential area where buyers are likely to step in, aligning with the demand zone. It suggests a favorable entry point for long positions. 2. **Target and Resistance Levels**: The target for this trade is set at the resistance level of 1.80750. Should the price break above this level, the next significant target is at 1.82000. These levels represent potential areas where sellers might emerge, providing opportunities for profit-taking. 3. **COT Data Analysis**: According to the Commitments of Traders (COT) report for the Euro, there were 182,382 long positions and 134,040 short positions. This indicates that 57.64% of traders were holding long positions, while 42.36% were holding short positions. A higher percentage of long positions suggests bullish sentiment towards the Euro. 4. **Client Sentiments**: Client sentiment data for EUR/NZD shows that 65% of traders are holding long positions, while 35% are holding short positions. This sentiment aligns with the overall bullish bias suggested by the COT data. 5. **Technical Analysis Indicators**: - Stochastic: Indicates a sell signal. - Momentum: Shows a buy signal. - Stochastic RSI: Signals a buy. - William Percent Range: Suggests buying opportunities. - EMA (20 to 200) and SMA (20 to 200): Both moving averages are indicating a buy signal. - Hull Moving Average: Indicates a buy signal. 6. **Trade Distribution**: Out of 10,000 trades analyzed, 7,000 were buy trades, 2,000 were sell trades, and 1,000 were neutral. This distribution suggests a strong preference for buying among traders. In conclusion, considering the confluence of technical indicators, market sentiment, and trade distribution, the overall outlook for EUR/NZD appears bullish. The current support and demand zones provide favorable entry points for long positions, with targets set at resistance levels. However, traders should monitor the stochastic indicator for potential sell signals and remain cautious of any sudden shifts in market sentiment or unexpected events that could impact the trade.
Long
by MOAZAM1133
Three waves down, three waves up, sideways patternDear analysts and traders, I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules. As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed my approach by combining this principle with my personal experience and by considering different scenarios that are likely to occur in the market. It should be noted that I do not like to be surprised in the market, and that's why I have different market prospects. I follow them to be sure and recognize the structure that is forming so that I can 100% recognize it. I will share my analysis with you, but please note that I am not providing any buy or sell signals. My perspective on idea analysis is completely unbiased, so if the idea analysis meets your standards, you can use it as a guide to make an informed decision. I have attached my previous analysis of the same market so that you can compare and see the differences. All the details of my analysis are clearly labeled, making it easy for you to understand. However, having a basic familiarity with the Elliott Wave Principle theory will help you understand the analytical idea more easily. I have been studying the Elliott Wave Principle for almost three years now, and over time, my understanding of this knowledge and experience has grown. What I have achieved so far is the legacy of a genius called Ralph Nelson Eliot, and I am really happy with my progress. May peace be upon him. Thank you for your support so far. I will always remember your kindness. Please share your comments and criticisms with me. I hope my analysis will be useful to you in your business journey, and I wish you all the best. Sincerely, Mr. Nobody
Long
by mehdi47abbasi79