EURNZD November 24 2021Hi, Ethan here. I'm going to analyze EUR against the New Zealand Dollar. Given the raised interest rates up to 0.25% according to market expectation, New Zealand Dollar gets under pressure. I think there are a lot of bullish drivers for the New Zealand Dollar, and this decline in NZD is an opportunity for the long side. so, we can sell EUR/NZD at this level, with the stop at 1.5366 and the target at 1.5301
EUR-NZD
💡Don't miss the great buy opportunity in EURNZDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.6201).
. 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 above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 57.
Take Profits:
TP1= @ 1.6350
TP2= @ 1.6525
TP3= @ 1.6643
TP4= @ 1.6759
TP5= @ 1.6851
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 (1.6201).
. 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 above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 57.
Take Profits:
TP1= @ 1.6350
TP2= @ 1.6525
TP3= @ 1.6643
TP4= @ 1.6759
TP5= @ 1.6851
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 ❤️
EURNZD short ongoing 📉👇My second share of the week is a EURNZD short trade.
Once again POW reversal script is being used for this strategy.
Trade details for current trade are shown on the chart.
We are working the 15M time frame on this strategy.
We're looking for the green line which is take profit target.
Little red arrow is entry point and purple line is stop loss.
Previous four trades can be seen on chart also.
This strategy is looking to make it 7 out of 7 trades.
All the trade history and strategy performance can be found in the report box below.
The report box tabs when pressed show all the details of trades taken and logged.
You as the viewer of this idea can also do that so go ahead and have a play.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
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Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren
EURNZD on a range break 🦐EURNZD on the 4h chart is trading in a range over a weekly support.
The price recently broke the minor ascending channel and now is testing the structure.
According to Plancton's strategy if the price will break below and satisfy the ACADEMY conditions we will set a nice short order.
–––––
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.
EUR/NZDLooking for something like this on EN
Monthly & Weekly - Bearish
Daily - Bullish
4H & 1H - Currently bearish but i am looking for the 1H & 4H to turn bullish to take an entry long up to the daily structure & weekly 78.6
Looking for a break of the 4H descending trend line before looking to enter a buy position
You could class this as a counter trend trade since the higher timeframes are bearish but the R:R is good and i expect a bigger pull back on this pair
EURNZD an inverse h&s range 🦐EURNZD on the 4h chart tested a few times the weekly support.
The market after a false breakout took the liquidity and is now testing the neckline at the 1.63 level of inverse head and shoulder formation
According to Plancton's strategy if the price will break above and the ACADEMY conditions will be satisfied we will set a nice long order.
–––––
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.
Outlook on EURNZD: Bullish play seenOn the weekly time frame, prices tapped into the demand zone where we could see a pullback in prices. On the H4 time frame, we are seeing bullish order flow with prices failing to form lower lows. Currently, prices are testing a key resistance at 1.63152 and a break above this level could see prices push higher to the next resistance target at 1.65311, in line with the 50% fibonacci retracement. EMA and Ichimoku cloud are showing signs of bullish pressure as well supporting our bullish bias.
EURNZD on a false breakout 🦐EURNZD on the 4h chart tested a few times the weekly support.
The market a false breakout took the liquidity and is now testing a 4h resistance at the 1.62 level.
According to Plancton's strategy if the price will break above and the ACADEMY conditions will be satisfied we will set a nice long order.
–––––
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 Buy a break setup.EURNZD - Intraday - We look to Buy a break of 1.6331 (stop at 1.6301)
The trend of lower highs is located at 1.6330.
A break of bespoke resistance at 1.6330, and the move higher is already underway.
We are trading at oversold extremes.
Short term momentum is bullish.
Our profit targets will be 1.6421 and 1.6441
Resistance: 1.6300 / 1.6330 / 1.6370
Support: 1.6280 / 1.6240 / 1.6200
A divergence signal appeared with EURNZDH4 time frame.
Structure: Downtrend.
Divergence signal appeared and Key level at 1.63000 was broken.
Wait for the price to complete the head and shoulders reversal pattern and have a retest to confirm the breakout, then you can find buying opportunities.
The profit target is the 1.65500 price zone.
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Wish you all have a good trading day!
EUR/NZD long ideaHi traders,
For today I analysed EURNZD pair. Currently they bounced from multiyears low and I think that is going to test 1.6300 area by the end of week.
Daily RSI is on 37 lvl, and weekly RSI is on 34 lvl.
Also today we have labour reports from NZD (expected lower that previous).
Feel free to comment your opinion !
EUR/NZD Signal - EUR Consumer Price Index - 29 Oct 2021EURNZD is selling now prior to the EUR Consumer Price Index data, which measures the change in a representative basket of goods and services, and is used to measure inflation. Technically the pair is ranging after a bearish leg, and we are selling range resistance.
EURNZD turn a the 0.618 🦐EURNZD on the daily chart after the last bearish move tested the 0.618 Fibonacci level.
The price bounced over a weekly support and start to trade over a dynamic trendline.
According to Plancton's strategy if the market will break and close below we will set a nice short order.
–––––
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 the break setup.EURNZD - Intraday - We look to Sell a break of 1.6319 (stop at 1.6351)
We are trading at oversold extremes.
A break of yesterdays low would confirm bearish momentum.
Daily pivot is at 1.6320.
There is no clear indication that the downward move is coming to an end.
Our profit targets will be 1.6231 and 1.6211
Resistance: 1.6370 / 1.6400 / 1.6440
Support: 1.6330 / 1.6300 / 1.6270