NZDEUR trade ideas
A new idea nor a setup for the EURNZD!A new idea or a setup for the EURNZD could involve analyzing recent price action and identifying key support and resistance levels. Consider looking for potential entry points based on technical analysis. Watching economic news that could impact the Euro and New Zealand Dollar might also be useful. A clear risk management strategy is crucial to protect against adverse movements.
EUR/NZD H4 | Potential bullish bounceEUR/NZD is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 1.7858 which is a pullback support.
Stop loss is at 1.7758 which is a level that lies underneath an overlap support.
Take profit is at 1.8063 which is an overlap resistance.
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EURNZD Bullish Flag Pattern: Breakout Potential AheadEUR/NZD is forming a bullish flag pattern, a classic continuation setup signaling potential upside momentum. After a strong initial rally, price has entered a consolidation phase, creating a well-defined flag. With the support of this structure, we could see a breakout that aligns with broader bullish momentum.
EURNZD Will Grow! Buy!
Take a look at our analysis for EURNZD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 1.795.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.822 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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Long EURNZD or EURAUD now and Hold!related to
time in UTC+8
As AUD bounced from daily order block and support, vwap below (drawn from 02 oct 2024 swing low) for further support, NZD will benefit on the side as well vs other pairs.
Yesterday AUD rallied more than NZD, the profit taking will cause AUD to crash more this session.
Both pairs stochastic show bullish hidden divergence (22 Oct 2024 to 07 November 2024)
Current NZD Vwap drawn from 01 Oct 2024 swing low may pose as resistance but price currently bounced from daily order block that date back years.
Multiple wicks to retest the support failed to break it down
Trump reelection profit taking to benefit EUR.
Asian proxies like AUD and NZD has ran up yesterday, today profit takers and reassessment of risk will tank them.
Trump reelection trade war effect on asian proxies like AUD, NZD, Japan and China has yet to be realized.
Plenty of usd risk events this week has been finalized and EUR are getting some benefit today
etc
What do you think?
EUR/NZD Forecast: Short Position Setup📉 **EUR/NZD Forecast: Short Position Setup** 🔹
EUR/NZD is currently trading at **1.79561**, with a potential move within a range targeting **1.76111** as a key downside objective. Tracking these levels closely could reveal strong indications for market direction.
🔍 **Key Levels to Watch:**
- **Immediate Resistance:** 1.79849
- **Support Zone:** 1.79029
- **Target Range:** 1.79846 to 1.76111
📊 **Forecast Details:**
If the price reaches and holds below **1.79849**, this could confirm a continuation of the downward trend. Breaking through **1.79029** as support strengthens this setup, paving the way toward our primary target of **1.76111**.
💡 **Market Insight:** The bearish outlook suggests watching for potential pullbacks near resistance before the price resumes its trend downward.
👉 Do you agree with this EUR/NZD setup? Share your thoughts below!
#EURNZD #ForexForecast #ForexTrading #Pipnest #MarketAnalysis
EURNZDEURNZD New forecast👨💻👨💻
Note:
Follow proper risk management rules. Never risk more then 2% of your total capital. Money management is the key of success in this business...... Set your own SL & TP.
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eurnzd buy siganl. Don't forget about stop-loss.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade