EURNZD TO 1.71 LEVEL SOONeurnzd has a technical spec to go to 1.71 and below very soon , there is no doubt about it whatsoever
NZDEUR trade ideas
EURNZD sell opportunity EURNZD is coming from a supply zone and it is very bearish at the moment. Time to sell the eurnzd . Risk only 2% per the trade . Good luck
Navigating EURNZD: Technical Insights and Strategic OutlookCurrent Trend:
The EURNZD currency pair is exhibiting a downtrend on the 4-hour timeframe, characterized by lower highs and lower lows, which validate the bearish momentum.
Key Levels to Watch:
• Support Level: 1.74322
• Resistance Levels: To be determined based on the green line and zone
Scenario 1: Break of Support Level If the support level at 1.74322 is breached with a strong candlestick (full body with a small shadow) on this timeframe, it signals potential further downside movement. In this scenario, we anticipate a correction up to the green line, which represents a significant support/resistance level. Traders should look for confirmation of this break with additional technical indicators to support the trade decision.
Scenario 2: Break of Trend Line Conversely, if the blue trend line is broken, we expect a temporary correction towards the green zone. This correction would indicate a retracement within the downtrend, likely reaching the price range of . Traders should monitor for a decisive break of the trend line and validate the movement with volume analysis or other technical indicators.
Impact of Eurozone Interest Rate Decision: The upcoming Eurozone interest rate decision by the European Central Bank (ECB) is a critical fundamental factor that could significantly impact the EURNZD pair. If the ECB decides to raise interest rates, it could strengthen the Euro, potentially causing a reversal or slowing down the downtrend. Conversely, if the ECB keeps rates unchanged or lowers them, the Euro might weaken further, reinforcing the downtrend. Traders should closely monitor the ECB's announcements and press conferences, as they provide insights into future monetary policy and economic outlook.
Trading Strategy:
• Short Positions: Consider short positions if the support at 1.74322 is broken, aiming for targets below the green line. Use tight stop-loss orders to manage risk.
• Long Positions: Consider long positions if the blue trend line is broken, targeting the green zone for a temporary correction. Ensure stop-loss orders are in place to protect against false breakouts.
Risk Management:
• Ensure to place stop-loss orders at strategic levels to manage potential risks.
• Confirm trade setups with additional technical indicators such as RSI, MACD, or moving averages to increase the probability of successful trades.
• Monitor economic news and events that may impact the EURNZD pair, especially the ECB's interest rate decisions, as fundamental factors can influence market movements significantly.
Conclusion:
In the coming days, closely observe the price action around the specified support and trend line, and pay special attention to the ECB's interest rate decision. The most prudent approach is to wait for clear signals before entering trades, ensuring alignment with the overall downtrend and the identified technical levels. This strategic patience, combined with an awareness of fundamental events, will help in making informed and profitable trading decisions.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research and consult with a financial advisor before making any investment decisions.
DeGRAM | EURNZD pullback in the channelEURNZD is moving in a descending channel under the trend lines.
The chart is moving from the upper boundary of the channel, the price failed to break the dynamic resistance.
We expect the continuation of the decline in the channel.
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EURNZD buy setuphey guys here's what i am looking at EN, i am bullish to the upside, as we have seen price bouncing off the weekly sup many times as long as that level holds i am bullish on EURNZD minimum to 1.81000 lv.
EURNZD
The EURNZD pair is exhibiting a bullish trend on the daily timeframe, as it has formed a descending triangle and completed the Elliott Wave 4 at a key support level. A buy entry is advisable after the breakout of the descending trendline, signaling a potential upward movement. This setup indicates a strong possibility for a bullish continuation.
EURNZD long term Bias still BearishWith reference to my EURNZD analysis of April 2024. This pair is started losing momentum to the downside. There is still no confirmation for buying as yet. However, it might create a massy structure around the marked demands zones. Therefore, we need the price to pullback at least towards 1.78000 level (round number) break the previous high before continue moving lower and breaking the swing low around 1.76000 level.
EUR_NZD SWING LONG|
✅EUR_NZD has retested a key support level of 1.7400
And as the pair is already making a bullish rebound
A move up to retest the supply level above around 1.7563 is likely
LONG🚀
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EURNZDEURNZD is making LH and LL. however, Bullish Divergence appears on one hr timeframe. if bulls get strength, the instrument may give breakout of previous LH.
EURNZD 1H Time To Buy:
The price recently found support around the 1.74684 level, indicating a potential stabilization or buying interest at this point. This suggests that the downward pressure may have eased, making it a strong candidate for a bullish move. Based on this support level, the expectation is for the price to rise towards the previous day's high of 1.75990. This target represents a notable resistance level where the price previously encountered selling pressure, and surpassing it could signal a continuation of the upward trend.
EUR/NZD For Bearish After Pull-Backwait for creating lower high at red Arrow and then go short
- General Trend is Down
- EUR is Weak
- Creating lower high at red arrow or inside range of fibo levels (50:61)
- if you want to go long then you can entry with low trade size because you walk against general trend and out when creating lower high
have fun :)
EURNZD is BullishPrice has made first higher high and successfully broken previous lower high, indicating that bulls are in control of the price action. If the newly printed higher high is broken, price would move up to new highs. Targets are mentioned on the chart.
EURNZD - NEW BREAKOUT
Hello Traders !
Previously, The EURNZD formed a bearish rising wedge.
At the moment, The Support level (1.77076 - 1.76273) is broken.
The support becomes a new resistance level !
So, I predict a bearish move📉
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TARGET: 1.74700🎯
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 trade
#2462024| EURNZD Buying opportunity 1:5EURNZD Buying opportunity Appears in H4 Time Frame Looking Price Action for Long Term Buy
Risk and Reward Ratio is 1:5
After 50 pips Profit Set SL Entry Level
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EUR/NZD - Arriving !! Maybe we can take another +100 pips selling
Until breakout liquidity zone ..
Got the last idea right..
Always when you look a great zone, take advantage of it ..
if you liked it, FOLLOW ME
EURNZD- BEARISH ContinuationEURNZD is exhibiting a bearish trend, characterized by the formation of lower lows (LL) and lower highs (LH). This trend is expected to persist. I plan to enter a position at the Fibonacci level of 0.632, specifically at 1.75719, with a stop loss set at 1.77056 and a take profit target of 1.74620.
EURNZD potential short
Fundamental :
The recent political developments in Europe, specifically the rise of far-right movements, have introduced additional uncertainty in the European market. This political instability is negatively impacting the Euro, making it more volatile and susceptible to depreciation.
Technical Analysis :
Bearish Momentum: EURNZDr has shown signs of bearish momentum, suggesting that sellers are currently in control. This is evident from the recent price action and trend break.
Political Uncertainty in Europe :
The rise of far-right movements in Europe is creating a climate of uncertainty, which is generally negative for the Euro. This political instability is likely to weigh on the EUR/NZD pair, making the Euro less attractive compared to the relatively stable New Zealand dollar.
Conclusion :
EURNZD is presenting a potential short opportunity, driven by technical indicators of bearish momentum and compounded by the political uncertainty in Europe due to the rise of far-right movements. Traders should watch for breaks below key support levels and monitor the overall market sentiment and political developments in Europe.
EUR-NZD Bearish Breakout! Sell!
Hello,Traders!
EUR-NZD broke the rising
Support line and the breakout
Is confirmed so we are
Bearish biased and
We will be expecting
A further move down
Sell!
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EUR/NZD Giving And Amazing Bullish P.A , Good Place To Buy Now ?This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
BUY EURNZDI'm looking to buy EURNZD based on 4HR structure we have present. We are well into discount based on this dealing range that is present. My method is SMC/ICT as my strategy is built around the 4HR Bias/15M Entry. Expect some bullish rebound from the lows into the equilibrium to take profits off the table.
Bullish PatternIn a long term (WEEKLY TF) i have a clear BEARISH PATTERN that i shared with you guys some months ago and it has been awesome playing out, but in this 4H Time Frame, i am seeing something that looks very very familar and it signals an upward move. I haven't figured out the entire move but for now there's a short time bullish move. Next time i'll come with the clear pattern and move.
