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EUR-NZD

EURNZD Sell opportunityThe EURNZD pair eventually entered its bullish zone as outlined by our last analysis in April: The price is now high enough within the Channel Down to justify a medium-term sell as not only did it come too close to the Lower Highs (top) trend-line but the 1D RSI is on Lower Highs after hitting the overbought level of 70.00. On top of that, a 1D Golden Cross is emerging (when the 1D MA50 crosses above the 1D MA200), which even though it is a technically bullish formation, last time it marked a 2 month bearish sequence. Target: previous Low at 1.5600. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
Short
by TradingShot
1
EURNZD Neutral but watch these break-out levelsThe EURNZD pair has been trading above the 1D MA50 (blue trend-line) since the April 25 rejection. The area within the 1.6365 Resistance and 1.5930 Support is a Neutral Zone and traders can take advantage of it by scalping for as long as the price remains within. A break above the 0.5 Fibonacci retracement level will be bullish towards the 0.618 Fib and the 0.786 in extension (1.6701 and 1.7000 respectively), while a break below the 1.5930 Support will be bearish towards th 1.56000 low of April 05. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
by TradingShot
5
EURNZD - MARKET SENTIMENT , NFP EFFECT TO THE EURO- There is no indicator news of any value for the New Zealand dollar today. Therefore, the New Zealand dollar is often driven by market sentiment. This week the DATA BUILDING CONSENTS, ANZ business confidence, was released for the New Zealand dollar. BUILDING CONSENTS A very good DATA came. But BUSINESS CONFIDENCE DATA came with a very bad DATA. According to the MARKET SENTIMENT, a DEMAND may come to NZDs this week. Also there is no important news for the euro today and the most important CPI DATA is due to be released tomorrow. - The most important information about the war situation is to be released this week. Updates have been made on the above war situation. - NZD FEATURE is currently down a bit. The main reason for this is that the MARKET RISK is starting to OFF and the STOCKS are starting to DOWN. The NZD FEATURE stands at 0.6945 LEVEL. The EUR FEATURE stands at 1.1195 LEVEL. - Currently the OVERALL MARKET is RISK OFF. Also STOKES are getting a bit RED. VIX UP is becoming. Also COMMODITIES are now slowly DOWN. - EURNZD PRICE can be REJECT from 1.6523 LEVEL. If COMMODITIES PRICES are down again, VOLATILITY UP UP, OVERALL MARKET RISK OFF, EURNZD will be further UP. - The TREND LINE can TUCH 1.5984 LEVEL before the EURNZD PRICE is UP. Then you can UP to 1.6523 LEVEL. This is determined by the market sentiment and market sentiment in terms of the activity of the New Zealand dollar.
by benny_marshall
💡Don't miss the great buy opportunity in EURNZDTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.5857). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . EURNZD is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 71. Take Profits: TP1= @ 1.5963 TP2= @ 1.6043 TP3= @ 1.6111 TP4= @ 1.6164 TP5= @ 1.6317 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
2
💡Don't miss the great buy opportunity in EURNZDTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.5857). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . EURNZD is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 69. Take Profits: TP1= @ 1.5963 TP2= @ 1.6043 TP3= @ 1.6111 TP4= @ 1.6164 TP5= @ 1.6317 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
2