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New Zealand Dollar/Euro

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NZDEUR trade ideas

EUR/NZD Near Resistance: Pullback Expected!!Fundametnal Analysis: OANDA:EURNZD New Zealand's higher interest rate of 5.5% is likely to attract more foreign investment compared to the Euro Area's 4.25%. Additionally, New Zealand's lower unemployment rate of 4.3% indicates a stronger labor market compared to the Euro Area's 6.4%. While the Euro Area benefits from a substantial trade surplus (EUR 13,888 million), New Zealand's positive trade balance (NZD 204 million) combined with higher interest rates and lower unemployment provide significant support for the NZD. Despite both regions facing economic challenges such as contracting manufacturing sectors and negative consumer confidence, the overall strength of the NZD is reinforced by these favorable economic conditions. Technical Analysis : OANDA:EURNZD pair is currently trading around 1.81500, close to the resistance level marked by the Previous Month High (PMH). The recent bullish trend has propelled the price from approximately 1.76232 to its current level. If the price fails to break above the resistance at 1.81126, a pullback is likely, with potential support at 1.79373 (TP1) and 1.78335 (TP2). A further decline could see the pair testing the lower support at 1.76232 (PML). Conversely, a sustained break above 1.81500 would indicate continued bullish strength. Traders should watch for reversal signals near the resistance level to identify potential short opportunities targeting the support levels. Targets: 1.79373, 1.78335
Short
by rTrader_official
6
EURNZD Is Going Down! Sell! Take a look at our analysis for EURNZD. Time Frame: 45m Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 1.821. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.817 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. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
2
EURNZD Sells (Limit Order)EURNZD Sell-Off: Potential Resistance at 1.81220 Key Daily Resistance: 1.81220 coincides with a strong daily resistance level. Prices have a tendency to reverse course at these established levels. Fibonacci Retracement: This level aligns perfectly with the 61.8% Fibonacci retracement. The Fibonacci retracement is a popular tool used by traders to identify potential reversal points, and the 61.8% level is a particularly strong indicator of a possible reversal. Entry: 1.81220 Stop: 1.81911 Profit: 1.78981 Risking 0.5% with a potential of 1.75% return.
Short
by xrpbilbs
EURNZD Technical Analysis and Trade Idea In this video, we take an in-depth look at the EURNZD. The pair has recently undergone a significant bullish rally and now seems overextended, hitting a critical resistance level. Due to this extended move, I'm seeking a buy opportunity on a Fibonacci retracement. I discuss my observations on price action, market structure, and the overall trend. Keep in mind that this content is for educational purposes only and not financial advice. Trading involves substantial risk, so always implement responsible risk management strategies.
Long
by fxtraderanthony