EUR-NZD
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.'
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
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 !
EURNZD: Classic Bearish Reversal 🇪🇺🇳🇿
EURNZD leaves multiple bearish clues:
the price broke a support line of a rising wedge pattern
and a neckline of a head and shoulders pattern.
I believe that the pair may drop.
Goals:
1.6555
1.64
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
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.
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!❤️
EURNZD Buy the uptrend.EURNZD - Intraday - We look to Buy at 1.6662 (stop at 1.6626)
Daily signals are mildly bullish.
Expect trading to remain mixed and volatile.
Trend line support is located at 1.6660.
Bespoke support is located at 1.6670.
We look to buy dips.
Our profit targets will be 1.6757 and 1.6777
Resistance: 1.6740 / 1.6770 / 1.6800
Support: 1.6700 / 1.6670 / 1.6640
EURNZD Sell into a resistance.EURNZD - Intraday - We look to Sell at 1.6679 (stop at 1.6715)
Bespoke resistance is located at 1.6670.
Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end.
We look for a temporary move higher.
Our profit targets will be 1.6582 and 1.6562
Resistance: 1.6600 / 1.6630 / 1.6670
Support: 1.6530 / 1.6500 / 1.6470
EURNZD Sell a break setup.EURNZD - Intraday - We look to Sell a break of 1.6779 (stop at 1.6816)
Traded to the highest level in 16 weeks.
The medium term bias remains bearish.
A higher correction is expected.
Bearish divergence is expected to cap gains.
Our profit targets will be 1.6682 and 1.6662
Resistance: 1.6900 / 1.6930 / 1.6970
Support: 1.6830 / 1.6800 / 1.6750
EURNZD Buy the trend line support.EURNZD - Intraday - We look to Buy at 1.6642 (stop at 1.6609)
Daily signals are mildly bullish.
Expect trading to remain mixed and volatile.
Trend line support is located at 1.6640.
Bespoke support is located at 1.6640.
Our profit targets will be 1.6733 and 1.6753
Resistance: 1.6740 / 1.6770 / 1.6800
Support: 1.6700 / 1.6670 / 1.6640
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. **
--------------------------------------------------------------------------------------------------------
EURNZDOverall a Longtrade, but Hedgers have the interest to first close their open Short Hedge position before price will actually continue Long on the Daily - Weekly Timeframe. On the way to close their short position they are accumulating long positions.
This entry im taking here is kind of risky - best way to enter the trade is a 1H close below 1.64.
Manage your risk - dont get stuck in price consolidating further.
Cheers
EurNzd LongEurNzd has formed the Reversal Wedge, now we are also seeing the break, we have to wait until the day candle manages to close over the area 1.5980,
if the daily candle closes over the area, we can wait for a small return, and we can go buy.
Buy position from: 1.5980 and 1.6000
Stop loss: 1.5860
Target reward 1x2.7 at 1.630
EURNZD Sell a break.EURNZD - Intraday - We look to Sell a break of 1.6664 (stop at 1.6702)
We are trading at overbought extremes.
A higher correction is expected.
A break of the recent low at 1.6665 should result in a further move lower.
Short term MACD has turned negative.
Our profit targets will be 1.6564 and 1.6544
Resistance: 1.6730 / 1.6770 / 1.6800
Support: 1.6670 / 1.6640 / 1.6570