EURNZD Buy IdeaOANDA:EURNZD has pushed to the upside breaking the last Highs indicating bullish potential. As it's retracing to premium price levels of fib 50-75%, we can look for long opportunities.Longby haider_aabbasUpdated 3
EUR/NZD: Preparing for Bullish Continuation Amid Fundamental DriThe EUR/NZD pair remains ensconced within a bullish trajectory, exhibiting resilience even amidst the ebb and flow of market dynamics. As traders observe the pair's current consolidation phase, characterized by a potential pullback to the 38.2% Fibonacci level, anticipation builds around pivotal events that could catalyze its next bullish impulse. The EUR/NZD pair's bullish trend persists, with recent price action indicating a temporary pause in momentum as the pair consolidates near key levels. A potential pullback to the 38.2% Fibonacci retracement from the last swing low presents an opportunity for the pair to gather momentum for its next leg upwards. This technical setup suggests a continuation of the prevailing bullish trend, pending confirmation from fundamental drivers. Fundamental Outlook: Two critical events loom large on the horizon, each poised to exert significant influence on the EUR/NZD pair's trajectory. Firstly, the Reserve Bank of New Zealand (RBNZ) monetary policy meeting on Wednesday is anticipated to maintain cash rates at 5.5%, underscoring the necessity for continued restraint to combat inflation. The RBNZ's steadfast commitment to restrictive policies, coupled with concerns surrounding record immigration, could shape market sentiments and impact the NZD's performance. Secondly, all eyes will be on the release of the United States Consumer Price Index (CPI) data for March, scheduled for the same day. Traders should brace themselves for potential market volatility following the CPI data release, as it could offer insights into inflationary pressures and prompt shifts in investor sentiment. The EUR/NZD pair's negative correlation with the EUR/USD suggests that any significant movement in the latter could reverberate across the forex market, influencing the pair's direction. Trading Strategy: In anticipation of a potential continuation of the bullish trend, traders may position themselves accordingly, with a focus on long opportunities. Monitoring price action around the 38.2% Fibonacci level and key support zones can offer valuable entry points for bullish positions. However, it's imperative to remain vigilant and adapt to evolving market conditions, particularly in response to the RBNZ meeting and US CPI data release. Furthermore, implementing robust risk management strategies, such as setting stop-loss orders and adhering to position sizing principles, can help mitigate downside risks and protect capital in the event of adverse price movements. In conclusion, the EUR/NZD pair's bullish outlook remains intact, underpinned by both technical and fundamental factors. By staying attuned to key events and adopting a disciplined trading approach, traders can position themselves to capitalize on potential bullish continuation opportunities while navigating the inherent uncertainties of the forex market. As always, prudence and adaptability are essential virtues for success in trading. Longby FOREXN1Updated 116
Sell projection ENThis should be traded with a proper risk management cheersShortby omilekeabimbola0075
GBPNZDAfter we pick up profits buying this asset, now we´ll loof for sell options. Type of order: Pending sell order. At midday we can modify the entry point, so check updates. Shortby SGsauragestionUpdated 3
EURNZD SHORT Daily: - H&S + Bearish W (Pattern in Patttern) - Deceleration from the price at selling region with huge impulses in the past - Clear Switch of Momentum where bears are kicking in right now (clear on 4H) *IC can work as a magnet for a structural retest from the price Weekly: + FIB + ZONE - MS / LCC *We can clearly see the impulse and A-B-C pullback right now, where the -27 FC aligns with a strong S&D zone *Bigger weekly impulses are to the downside (2 weeks vs 17 weeks) 4H: - Bearish MS - Clear Impulse and correction - Impulse is to the downside, waiting for correction now Entry criteria => Daily limitShortby SimonVerlindeUpdated 4
EURNZD to find buyers at previous swing high?EURNZD - 24h expiry Short term bias has turned positive. Posted a Double Bottom formation. Offers ample risk/reward to buy at the market. Daily signals are bullish. Previous resistance at 1.7970 now becomes support. We look to Buy at 1.7975 (stop at 1.7939) Our profit targets will be 1.8065 and 1.8095 Resistance: 1.8000 / 1.8045 / 1.8090 Support: 1.7978 / 1.7955 / 1.7920 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.Longby OANDA3
EURNZD - No Trade - Keep an eye for bullish presence soon!Keep an eye on EURNZD, potential bullish presence soon.. I suspect the price to be bearish for a bit as it tests its level and the Volume Based Average is currently contesting levels on the 200 period. Await for market movement. Do not trade this pair for now, just keep an eye on this. Let the levels contest, expect SHORT TERM down side first.by ATRFinder4
EURNZD: Bullish Move From Support📈EURNZD formed a double bottom pattern following a test of a crucial intraday support level. Breaking above the pattern's neckline is a significant bullish signal. Anticipated upward movement could reach the 1.8100 level.Longby linofx14411
EURNZD - Strong Resistance - BearishEURNZD is giving some bearish signals with some key points. On top of it we can se a strong resistance that indicates a bearish reversal with divergence being cherry on the top. That strengthens the chances of a bearish reversal. Sentiments are also hard 90% bearish that ads more strength to the bearish reversal. I will further place some smart entries to ensure a good bearish momentum sweeping my sell stop along. Let's hope for good. Thanks My Positions Sell Stop : 1.8006 Stop Loss : 1.8109 TP1 : 1.7903 TP2 : 1.7800 Shortby tayyabbarakzoi1
EUR-NZD Local Short! Sell! Hello,Traders! EUR-NZD went up to Retest a horizontal resistance Of 1.810 from where we are Already seeing a bearish reaction And I think that the pair will Go further down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!Shortby TopTradingSignals112
$100k Challenge - EURNZD Short - E5 T2Hey everyone! We have a new trade for the challenge! In this case, I decided to also enter short in the EURNZD currency pair. While we have the AUDNZD trade running in profits, historically, the correlation between AUDNZD and EURNZD has been moderate (around 40% -50 %); therefore, we can also harvest some profits from this trade. In the H4 chart, we see that the market held a bullish structure for a few months of 2024, breaking in early April. After that, the market tested a support area a few times and recently visited the resistance area in H1 (green zone). In H1, we see a strong bearish rejection alongside a significant divergence between the price action and the stochastic oscillator, which signals a solid bearish presence in the market. Also, the price action suggests strong supply in the H1 resistance as the market reached the area with a relatively sizeable bullish strength and then immediately rejected the area without showing any significant demand opposition. When zooming in to the M30 timeframe, we see that the market rejected the H1 resistance by showing a close below the low of the candle that printed the recent high, after which we see another large bearish candle closing significantly below the resistance, which I took as the green light to execute this trade. Regarding profit targets, I'm shooting for the H4 support area around the 1.7900 zone for the initial target, keeping a standard approach of leaving half of the trade running if we see a breakdown from the support area, which would imply a sizeable bearish potential. Let me know what you think of this trade idea in the comments! Remember to like and follow to keep up to date with the challenge. 🚀 Until the next trade!:DShortby FernandoBorea1
eurnzd3 hours ago *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.by iminigham11Updated 3
EURNZD - New Breakout 🚀Hello Traders ! On Wednesday 21 Feb, The EURNZD Reached a Support Level. The Price Formed a Double Bottom Pattern. Currently, The Neckline is Broken ! Moreover, The Resistance Line is Broken ! So, I Predict a Bullish Move📈 ---------- TARGET: 1.81620🎯Longby Hsan_BenhmedUpdated 558
EURNZD: Bearish Continuation & Short Trade EURNZD - Classic bearish formation - Our team expects pullback SUGGESTED TRADE: Swing Trade Short EURNZD Entry - 1.8054 Sl - 1.8098 Tp - 1.7974 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️ Shortby UnitedSignals112
eurnzd analysis elliot. Don't forget about stop-loss. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a tradeShortby wavesscoutforex112
EURNZD SHORTThis is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify anyShortby akmalsabran902
EUR/NZD BEARISH BIAS RIGHT NOW| SHORT Hello,Friends! Bearish trend on EUR/NZD, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 1.792. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignals111
EURNZD - trading session no.1310.10pm - 10.57pm -learned smth new today as usual: Watch the POI plz -first trade (cant see that one): dumb and a failing one -possible trade: OK ig - if feeling aggressive -second trade: gud trade, aggressive one tho (0.9 pip SL) PnL: +0 pips (couldve been a +1RR day) Still learing - Im giving myself time (3 1/2 years until I AT LEAST want to get funded)Shortby GRBmlr1
EURNZD for a buy, 4hrEURNZD is in a consolidating period in the daily timeframe. In the middle of that sideways market in the 4hr timeframe we have a double bottom which has already broken out and gave us a flag which confirms the continuation of an uptrend.Longby AnalysisExpert3
EURNZD Will Go Down! Short! Here is our detailed technical review for EURNZD. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 1.802. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.792 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!Shortby SignalProviderUpdated 111
EURNZD: Late to the buy partyI've missed the buy for this lovely trade portion of EURNZD. You can try to get in if the price retraced to the marked zone, ideally around 50 EMA of H4. look for your confirmation there in the lower TFs to minimize the risk. In my opinion, this setup has the potential to fly beyond the nearest monthly resistance. What do you guys think?Longby wonderpittUpdated 3
EURNZD - Keep It Simple 📊Hello TradingView Family / Fellow Traders, On Daily: Left Chart EURNZD has been hovering inside a big range and it is currently approaching the upper bound of the range acting as a resistance zone. On 1H: Right Chart 📈 For the bears to take over, we need a momentum candle close below the neckline highlighted in gray. 📉 Meanwhile, EURNZD would be bullish short-term and can still trade higher inside the daily resistance. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard NasrShortby TheSignalystUpdated 116