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EUR-NZD

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. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
Short
by TradingShot
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.'
Long
by OANDA
EURNZD Sell a break setup.EURNZD - Intraday - We look to Sell a break of 1.6319 (stop at 1.6356) Daily signals are bearish. Short term momentum is bearish. Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. A break of the recent low at 1.6325 should result in a further move lower. We look for losses to be extended today. Our profit targets will be 1.6221 and 1.6201 Resistance: 1.6370 / 1.6400 / 1.6440 Support: 1.6330 / 1.6300 / 1.6270
Short
by Signal_Centre1
EUR/NZD:UPTREND | TECHNICAL ANALYSIS | LONG SETUP 🔔Hello Everyone, I hope you'll Appreciate our Price action Analysis ! Our strategy is based on Swing trading with price action Analysis and Advanced Fibos tools. Please support our page by hitting the LIKE 👍 button to this Idea and Follow us to get NEW ONE! Feel free to request any pair/instrument analysis or ask any questions in the comment section below. If you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this. Have a Good Take Day_Profits !
Long
by DAY_PROFITS
EURNZD can move higher 🦐EURNZD on the 4h chart after the attempt to break the resistance level at the 1.68200 level retracted exactly at the 0.618 Fibonacci. The market from the restarted a new impulse and is now retesting the the resistance area. How can i approach this scenario? I will wait for the EU market open and check for a possible break of the structure. In that case, i will search for a nice long order according to the Plancton's strategy rules. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
EURNZD: 2 Potential Scenarios Explained 🇪🇺🇳🇿 EURNZD is stuck between a strong horizontal resistance and a rising trend line on a daily. Depending on the reaction of the price to these structures, I see 2 potential scenarios: If the price breaks and closes above 1.683 - 1.687 resistance, I will expect a bullish continuation to 1.708. If the price breaks and closes below a trend line, I will expect a bearish move to 1.656 level. From a current perspective, it feels like the probabilities are on bulls' side. However, let's be patient. What do you expect? ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Long
by VasilyTrader
4
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