To trade a EURNZD range.EURNZD - Expiry 9PM UK time - We look to Buy at 1.6782 (stop at 1.6745)
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
50 4hour EMA is at 1.6767.
Our short term bias remains positive.
We look to buy dips.
Our profit targets will be 1.6873 and 1.6893
Resistance: 1.6870 / 1.6900 / 1.6930
Support: 1.6830 / 1.6800 / 1.6770
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.
EUR-NZD
EURNZD - MARKET SENTIMENT WITH TRADE IDEA#EURNZD
Currently, according to the CURRENTLY STRENGTH, EUR is becoming quite strong. The reason is that ECB RATE HIKE SENTIMENT is PRICE. Also, the NZD is getting weaker than the EUR right now. NZD is becoming WEAK because COMMODITIES are down due to MARKET RISK OFF..
Therefore, EURNZD can definitely go UP to the RESISTANCE AREA of this CHANNEL before going DOWN again. So keep an eye on it.
If any MARKET SENTIMENT changes, EURNZD can SELL until the 1.6330 LEVEL. And before SELL, EURNZD can be BUY at 1.7159 LEVEL. So stay tuned for MARKET UPDATES.
Buying EURNZD at 50 EMA.EURNZD - Intraday - We look to Buy at 1.6731 (stop at 1.6696)
Price action has posted a bearish Engulfing Candle and is negative for short-term sentiment.
A lower correction is expected.
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
We look to buy dips.
50 4hour EMA is at 1.6730.
Our profit targets will be 1.6828 and 1.6848
Resistance: 1.6870 / 1.6900 / 1.6930
Support: 1.6840 / 1.6800 / 1.6770
Intraday expiry.
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.
EURNZD: Looking to buy dipsEURNZD
Intraday - We look to Buy at 1.6832 (stop at 1.6798)
Price action has broken from the previous formation. There is no clear indication that the upward move is coming to an end. We look to buy dips. 20 4hour EMA is at 1.6830. We are trading at overbought extremes.
Our profit targets will be 1.6926 and 1.6946
Resistance: 1.6920 / 1.6950 / 1.7000
Support: 1.6870 / 1.6830 / 1.6800
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EURNZD - Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for EURNZD .
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
Buying EURNZD on 20 EMA dips.EURNZD - Intraday - We look to Buy at 1.6771 (stop at 1.6735)
Price action has broken from the previous formation.
We are trading at overbought extremes.
A lower correction is expected.
Previous resistance at 1.6770 now becomes support. There is no clear indication that the upward move is coming to an end.
20 4hour EMA is at 1.6760.
Our profit targets will be 1.6861 and 1.6881
Resistance: 1.6900 / 1.6930 / 1.6970
Support: 1.6870 / 1.6800 / 1.6770
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.
EURNZD continues to move upward.EURNZD - Intraday - We look to Buy at 1.6649 (stop at 1.6614)
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
20 4hour EMA is at 1.6648.
There is no clear indication that the upward move is coming to an end.
A lower correction is expected.
Our profit targets will be 1.6739 and 1.6759
Resistance: 1.6740 / 1.6770 / 1.6800
Support: 1.6700 / 1.6670 / 1.6640
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.
EURNZD: Update & Time to Buy 🇪🇺🇳🇿
Update for my yesterday's post on EURNZD:
the price retraced to a peculiar intraday confluence zone.
We see a perfect match between a horizontal support, a rising trend line and 382 retracement of the last bullish impulse.
I expect a bullish continuation now.
Intraday goals: 1.6666 / 1.67
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
To buy a lower correction on EURNZD.EURNZD - Intraday - We look to Buy at 1.6502 (stop at 1.6467)
Our short term bias remains positive.
Short term MACD has turned negative.
A lower correction is expected.
50 4hour EMA is at 1.6500.
Bespoke support is located at 1.6500.
Our profit targets will be 1.6589 and 1.6609
Resistance: 1.6600 / 1.6630 / 1.6680
Support: 1.6570 / 1.6530 / 1.6500
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.
Buying the dip on EURNZD.EURNZD - Intraday - We look to Buy at 1.6403 (stop at 1.6368)
Our short term bias remains positive.
We look to buy dips.
50 4hour EMA is at 1.6400.
Our profit targets will be 1.6497 and 1.6517
Resistance: 1.6540 / 1.6570 / 1.6600
Support: 1.6500 / 1.6470 / 1.6430
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.
EURNZD Sell at market.EURNZD - Intraday - We look to Sell a break of 1.6319 (stop at 1.6354)
Offers ample risk/reward to sell at the market.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
A higher correction is expected.
Our profit targets will be 1.6223 and 1.6203
Resistance: 1.6340 / 1.6370 / 1.6400
Support: 1.6300 / 1.6270 / 1.6230
EURNZD remains a sell option below the 1D MA50The EURNZD pair continues trade on a bearish trend following our latest analysis last month. The price remains below both the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line) and within the long-term pattern of the Channel Down since the August 20 2020 High, it is aiming for at least the 1.5600 Support.
The Buy Zone of the Channel Down is located right below the Support. A buy there offers an excellent Risk/ Reward ratio targeting the 0.5 Fibonacci retracement level (1.6491) but a break below the Channel Down, should see us taking the loss and shifting back to selling as based on the 2020 fractal, the price can go as low as the 1.618 Fib extension (1.4500).
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EUR/NZD:SHORT from Fibo Levels , POC Volume and Double TOP -SELLThe EUR/NZD it's for a long time in Downtrend, In the last sessions had a Pullback into the Area of 50% 61.8% Fibonacci where placed the Volume Point of Control from the previous Swing high and, this reaction may be made also by the presence of Dynamic trendline and by the 200 SMA. The scenario is a Typical Swing trading setup with a divergence on the Stochastic indicator in Overbought meanwhile the RSI is still bearish. The DIvergence on RSI is made by a local Double TOP made by the price on the chart. Our bias is for a continuation of the Downtrend.
EURNZD Sell the bottom of the previous range.EURNZD - Intraday - We look to Sell at 1.6166 (stop at 1.6201)
A move lower has resulted in prices breaking from the previous range and confirmed our bearish expectation.
Previous support at 1.6170 now becomes resistance.
Preferred trade is to sell into rallies.
We look for a temporary move higher.
Our profit targets will be 1.6071 and 1.6051
Resistance: 1.6100 / 1.6130 / 1.6170
Support: 1.6040 / 1.6000 / 1.5970
EURNZD Sell into a rally setup.EURNZD - Intraday - We look to Sell at 1.6278 (stop at 1.6314)
Expect trading to remain mixed and volatile.
The primary trend remains bearish.
Preferred trade is to sell into rallies.
50 4hour EMA is at 1.6260.
Our profit targets will be 1.6181 and 1.6161
Resistance: 1.6270 / 1.6300 / 1.6330
Support: 1.6230 / 1.6200 / 1.6170
EURNZD Long-term sell. Can get ugly if this level breaks.This is a EURNZD analysis on the 1W time-frame as our most recent one on 1D is fulfilling the projection we made on June 16:
The long-term pattern remains a Channel Down and our target the 1.5600 Support. Then we can consider buying near the Lower Lows (bottom) trend-line of the Channel with minimum risk and high return targeting the Internal Lower Highs (dashed) trend-line. The risk should be as minimal as possible as the slightest break below the Channel, would constitute an immediate sell signal and can open the way for a powerful sell-off.
The reason is the the 1W RSI Lower Highs pattern resembles that of mid 2020 which pushed the price down to the 1.618 Fibonacci extension on Feb 22 2021. That is now at 1.45000.
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A break of yesterdays high to confirm bullish momentum on EURNZDEURNZD - Intraday - We look to Buy a break of 1.6502 (stop at 1.6469)
Short term RSI has turned positive. Broken out of the channel formation to the upside. A break of yesterdays high would confirm bullish momentum. The trend of lower intraday highs has also been broken.
Our profit targets will be 1.6598 and 1.6618
Resistance: 1.6470 / 1.6500 / 1.6540
Support: 1.6400 / 1.6370 / 1.6330
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.'