EUR-NZD
EURNZD Sell a break setup.EURNZD - Intraday - We look to Sell a break of 1.5898 (stop at 1.5935)
We have a Gap open at Monday from 1.5870 to 1.5910.
A break of bespoke support at 1.5900, and the move lower is already underway.
A higher correction is expected.
Daily signals are bearish.
Our profit targets will be 1.5801 and 1.5781
Resistance: 1.5940 / 1.5970 / 1.6000
Support: 1.5900 / 1.5870 / 1.5800
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.
💡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
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💡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
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EURNZD can move lower 🦐EURNZD on the daily chart is moving in a downtrend and the market after the recent lows retraced at the 0.618 fibonacci level over a weekly resistance.
Remaining the trend in a bearish scenario i can expect a lower low with the market that currently testing a confluence zone that can break below anytime.
How can i approach this scanrio?
I will monitor the market during the Europen session and in the case that will break below, i will move on the 4h timeframe to set a nice short order according to the Plancton's academy 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 Sell a break setup.EURNZD - Intraday - We look to Sell a break of 1.5749 (stop at 1.5783)
Daily signals are bearish.
There is no clear indication that the downward move is coming to an end.
Prices are extending lower from the bearish flag/pennant formation.
1.5755 has been pivotal.
Our profit targets will be 1.5654 and 1.5634
Resistance: 1.5800 / 1.5870 / 1.5900
Support: 1.5750 / 1.5730 / 1.5670
EUR/NZD short-term shortThe pair has a reversal potential on the downside of the market. If the retest of 1.5985 resistance level is a success, the price could take a new reverse and begin a short phase with a mark towards 1.5646 to complete the second leg of the range, and retest the lowest of the year.
Plausible Note, the pair is technically using the 200-SMA as a strong resistance zone ahead.
You might want to stay close to this pair as well.
EURNZD Sell a break of yesterday low.EURNZD - Intraday - We look to Sell a break of 1.6149 (stop at 1.6191)
A break of yesterdays low would confirm bearish momentum.
Daily signals are bearish.
There is no clear indication that the downward move
is coming to an end.
Our profit targets will be 1.6027 and 1.6007
Resistance: 1.6220 / 1.6250 / 1.6300
Support: 1.6150 / 1.6100 / 1.6030
EURNZD Supply And Demand Analysis-Downward mL Break
-Opposing pivot point supply removed
-DBR could be better if price removed the
supply/broke ML from the original imbalance.
If you don't like the DBR then you can
wait for confirmation in the RBR weekly demand
or wait for confirmation in the DBR weekly demand.
Waiting for more confirmation to long...if not..If not...likely this pair will be heading down..
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!
EURNZD turning bullish long-term if the 1W MA50 holdsEURNZD is about to test the 1W MA50 (blue trend-line) as a Support for the first time since the mid January bullish break-out. Based on the 2016/2017 Cycle, which the pair seems to be replicating in remarkable fashion, if this level supports, we should see a strong 6 month rally.
As this 1W chart shows, the two periods are so far pretty identical. In June - July 2017, the 1W MA50 provided Support on its first test since the market bottom and break-out at the time, and that initiated a strong rally to the 0.618 Fibonacci retracement level, before a multi-month consolidation. Based on the 1W RSI also, it appears that if the 1W MA50 holds, we can see a rise to at least 1.8200 which is the August 2020 symmetrical High.
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💡Don't miss the great sell opportunity in EURNZDTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1.7071).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURNZD is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 32.
Take Profits:
TP1= @ 1.6881
TP2= @ 1.6822
TP3= @ 1.6721
TP4= @ 1.6653
TP5= @ 1.6535
SL: Break Above R2
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💡Don't miss the great sell opportunity in EURNZDTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1.7071).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURNZD is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 32.
Take Profits:
TP1= @ 1.6881
TP2= @ 1.6822
TP3= @ 1.6721
TP4= @ 1.6653
TP5= @ 1.6535
SL: Break Above R2
❤️ 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!
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💎 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 ❤️