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Euro / New Zealand Dollar

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EURNZD trade ideas

eurnzd bullish around 1200 pipsThe EUR/NZD currency pair has exhibited some bullish trends recently, but for a comprehensive bullish analysis, it’s important to consider multiple factors, such as technical analysis, macroeconomic fundamentals, and market sentiment. Here's an overview of what typically drives a bullish case for EUR/NZD: 1. Technical Analysis Uptrend Continuation: If EUR/NZD is forming higher highs and higher lows on a daily or weekly chart, this is a signal of an ongoing uptrend. Key indicators to watch would include: Moving Averages (50-day, 200-day): If the short-term moving averages are crossing above long-term moving averages (a “golden cross”), it signals bullish momentum. Fibonacci Levels: Fibonacci retracement levels can help identify support and resistance areas for potential entry points. RSI (Relative Strength Index): An RSI value below 70 but trending upwards could suggest that bullish momentum is building without being overbought. MACD (Moving Average Convergence Divergence): A bullish crossover in the MACD line above the signal line is a strong confirmation of upside momentum.
Long
by LORDOFTHETRADERS
1
EURNZD - Bearish TrendThis analysis highlights several factors indicating a bearish trend in the current market: Bearish Divergence: Recent price action shows a divergence between price and momentum indicators, suggesting a potential reversal to the downside. This discrepancy signals weakening bullish momentum, which could lead to further declines. Head and Shoulders Pattern: The formation of a classic head and shoulders pattern reinforces the bearish outlook. This reversal pattern indicates that a top may have been reached, and a breakdown below the neckline could confirm a significant price drop. EUR Outlook: The Euro (EUR) appears to be bearish, influenced by macroeconomic factors and sentiment shifts. Weakness in the Eurozone economy may add pressure, contributing to downward movements in related currency pairs. Overall, these elements combine to create a compelling case for a bearish sentiment in the market.
Short
by gulraizali90
EURNZD - 4H - Bearish TrendTechnical Analysis: EURNZD is in a confirmed bearish trend, having broken the trendline on the 4-hour chart. The pair is showing bearish divergence , which signals a continued downtrend. We will enter a sell position at the 0.5 Fibonacci retracement level to take advantage of the bearish momentum. The stop loss will be placed above the last higher high (HH) in a strong resistance zone to manage risk. Fundamental Analysis: NZD is gaining strength over EUR, especially in October, as it is considered a risk-on period, further supporting the bearish outlook for EURNZD. Seasonality: Seasonally, EURNZD is expected to remain in a downtrend from the second week of October until the end of the month. Entry Strategy: Entry Point: Sell at 1.79295 at the 0.5 Fibonacci level. Stop Loss: Set at 1.80305 , above the last higher high (HH) to manage risk effectively. Take Profit 1: First target at 1.78286 for initial gains. Take Profit 2: Second target at 1.77270 for further downside potential. This strategy utilizes both technical signals and fundamental insights, with a clear focus on seasonality trends, to capture the expected bearish continuation in EURNZD .
Short
by ya_xir
EURNZD has swept BUYSIDE LIQUIDITY & reacted to supply zoneLater this week we posted a BUY setup for EURNZD. However, price had reached higher timeframe supply zone causing a lot of selling pressure. This has led to a new supply zone being formed (FRIDAY CLOSED LOWER) inside our demand zone. As this is our last swing high, we might experience price breaking lower and give us more bearish orderflow. For now we remain bearish until next VALID demand zone. Price moves from INTERNAL LIQUIDITY to EXTERNAL LIQUIDITY, vice versa. On our chart, price swept buyside liquidity (external liquidity) and is now targeting internal liquidity. These are strictly for statistical purpose, not signals. They are simply Trading ideas we see on the market and post to keep our Trading journal up to date.
Short
by ZIPHO67
EUR NZD - Potential Head & Shoulders Pattern Forming? Taking a look at the EURNZD chart, we may be seeing a potential head and shoulders pattern emerging! This classic reversal setup often indicates a shift in trend direction, typically from bullish to bearish. The left shoulder and head seem to be forming, with the possibility of the right shoulder completing soon. If this pattern plays out, we could expect a potential downside move once the neckline is broken. However, as with any setup, it's important to confirm with other indicators and manage risk accordingly. What do you think? Are you seeing the same pattern, or do you have a different view? Drop your thoughts and comments below! #EURNZD #ForexAnalysis #HeadAndShoulders #TradingPatterns #TechnicalAnalysis
Short
by KinkiHuang
EUR NZD ELLIOTT WAVE ANALYSISThe EUR/NZD currency pair has completed its five-wave cycle, indicating a potential transition into an ABC corrective phase. Traders can anticipate a downward correction with initial price targets aligned with key Fibonacci retracement levels. The first target is set at the 38.2% Fibonacci level, providing an early take-profit opportunity as the correction unfolds. Should the corrective wave extend further, the second target is identified at the 61.8% Fibonacci level, offering a secondary profit-taking point. This strategic approach leverages the Fibonacci retracement to optimize risk management during the anticipated correction in the EUR/NZD market.
by ayad2019omar