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New Zealand Dollar/Euro

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NZDEUR trade ideas

EURNZD to find resistance at previous support?EURNZD - 24h expiry Short term bias has turned negative. We are trading at overbought extremes. Preferred trade is to sell into rallies. Risk/Reward would be poor to call a sell from current levels. 50 4hour EMA is at 1.8398. Previous support at 1.8400 now becomes resistance. We look to Sell at 1.8389 (stop at 1.8445) Our profit targets will be 1.8249 and 1.8229 Resistance: 1.8384 / 1.8400 / 1.8450 Support: 1.8320 / 1.8280 / 1.8250 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
EUR/NZD 4H Timeframe AnalysisEUR/NZD 4H Timeframe Analysis Trend Analysis: On the 4-hour timeframe, EUR/NZD is in an uptrend, creating higher highs and higher lows. The pair recently broke a minor key resistance at 1.83800, followed by a pullback that created a minor liquidity zone. As the price resumed its upward momentum, it broke another minor resistance level, signaling increased buyer interest. However, as buyers pushed the price toward the next minor resistance level, a double top formation emerged, indicating a potential reversal. This reversal has resulted in the price losing bullish momentum and breaking down, liquidating stop-loss orders placed by buyers in the liquidity zones below. Price Action Expectation: At present, the price has retraced below the previous minor resistance at 1.83800, which now serves as a key level to watch. A break above this level is necessary to confirm renewed bullish momentum. Fundamental Correlation: The upcoming release of Germany’s Prelim CPI m/m, with a previous figure of -0.2% and a forecast of 0.3%, will likely influence the Euro's strength. Better-than-expected CPI (above 0.3%): This would indicate rising inflation in Germany, potentially increasing the likelihood of further monetary tightening by the European Central Bank (ECB). A stronger Euro could provide upward momentum for EUR/NZD, aligning with the technical bullish scenario of breaking above 1.83800. Worse-than-expected CPI (below 0.3%): A lower-than-forecast CPI could weaken the Euro, as it reduces the likelihood of immediate hawkish actions by the ECB. This could cause EUR/NZD to remain under the 1.83800 resistance or even retest lower liquidity zones. Trade Setup: Trade Type: Buy Stop (Breakout Trade) Entry Price: 1.83990 (confirmation of a break above minor resistance) Stop Loss: 1.82770 (below the liquidity zone to protect against false breakouts) Take Profit: 1.86520 (aligned with the next significant resistance level) Conclusion: EUR/NZD is positioned for a potential bullish continuation if it breaks above the 1.83800 resistance. However, the direction could also depend on the outcome of the German Prelim CPI release. Traders should be prepared for heightened volatility around the news and adjust positions based on price action following the announcement. Risk Management: Ensure disciplined risk management with a 1:2 risk-to-reward ratio. Keep position sizes aligned with account equity and monitor real-time price reactions to the news event to validate or invalidate the setup.
Long
by RebornFXTrader
EUR/NZD "EURO vs Kiwi" Forex Market Heist Plan on Bearish🌟Hi! Hola! Ola! Bonjour! Hallo!🌟 Dear Money Makers & Robbers, 🤑 💰 Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the EUR/NZD "EURO vs Kiwi" Forex market. Please adhere to the strategy I've outlined in the chart, which emphasizes short entry. Our aim is the high-risk Green Zone. Risky level, oversold market, consolidation, trend reversal, trap at the level where traders and bullish robbers are stronger. 👀 So Be Careful, wealthy and safe trade.💪🏆🎉 Entry 📉 : You can enter a Bearish trade at any point. however I advise placing sell limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest high level should be in retest. Stop Loss 🛑: Using the 2H period, the recent / nearest high level. Goal 🎯: 0.82100 Scalpers, take note : only scalp on the Short side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. Warning⚠️ : Our heist strategy is incompatible with Fundamental Analysis news 📰 🗞️. We'll wreck our plan by smashing the Stop Loss 🚫🚏. Avoid entering the market right after the news release. Fundamental Outlook 📰🗞️ Considering these factors, the EUR/NZD pair may experience a Bearish trend in the short-term, driven by: The Eurozone's slow economic growth and low interest rates. The New Zealand economy's moderate growth and neutral monetary policy stance. The yield differential, which favors the New Zealand dollar. Bearish Factors: The Eurozone's slow economic growth and low interest rates. The New Zealand economy's moderate growth and neutral monetary policy stance. The yield differential, which favors the New Zealand dollar. The potential for a decline in the Eurozone's trade balance surplus, which could reduce demand for the euro. The RBNZ's potential to hike interest rates, which could increase the yield differential and support the New Zealand dollar. Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions. Take advantage of the target and get away 🎯 Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan. Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly. 💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🫂
Short
by Thief_Trader
EURNZD / BUY positionThe EUR/NZD buy trade involves expecting the Euro (EUR) to strengthen against the New Zealand Dollar (NZD). This decision might be driven by factors such as strong Eurozone economic data, dovish Reserve Bank of New Zealand (RBNZ) policies, or weakening commodity prices that impact NZD. Keep an eye on resistance levels, European Central Bank (ECB) statements, and global risk sentiment, as they can influence price action. Use proper risk management with a stop-loss to safeguard your position against volatility.
Long
by HipiTrader
1
Bearish drop off pullback resitance?EUR/NZD has reacted off the pivot and could drop to the 1st support level. Pivot: 1.85344 1st Support: 1.83694 1st Resistance: 1.86172 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
EUR/NZDHAPPY NEW YEAR. There are two Bearish opportunities. one on Hourly and one on 5 Minutes. Hourly opportunity, On daily, the price couldn't make a higher high and failed. it seems it's time to pullback. That can be confirmed on 1H chart as well. Entry point can be around 1.84820 with S.L 1.8545 and T.P 1.83400. THESE NUMBERS ARE SUBJECTED TO CHANGE ACCORDINGLY. on 5Min. chart, this failiur of making higher high is more visible. thew Entry would be around 1.85030 with S.L 1.85220 and T.P of 1.84820. Please do your own due diligence and analysis carefully. this is just my personal opinion on this pair.
Short
by Ha-Lion
Could the price drop from here?EUR/NZD is reacting off the pivot and could drop to the 1st support which aligns with the 38.2% Fibonacci retracement. Pivot: 1.84535 1st Support: 1.82654 1st Resistance: 1.85426 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
Bullish bounce off pullback support?EUR/NZD is falling towards the support level which is a pullback support that aligns with the 23.6% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.83656 Why we like it: There is a pullback support level that aligns with the 23.6% Fibonacci retraecment. Stop loss: 1.82385 Why we like it: There is a pullback support level that lines up with the 38.2% Fibonacci retracement. Take profit: 1.85286 Why we like it: There is a pullback resistance level. Enjoying your TradingView experience? Review us! 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