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.
EUR-NZD
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.
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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
EURNZD is facing bearish pressure, potential for more downside.EURNZD is holding below descending trendline resistance and may bearish from 1st resistance at 1.67070 in line with 23.6% Fibonacci retracement and 23.6% Fibonacci extension towards 1st support at 1.65540 in line Horizontal swing low and 78.6% Fibonacci extension. Our bearish view is further supported by how MACD is holding below the 0 line. Otherwise price may bullish towards 2nd resistance at 1.67631 in line with 50% Fibonacci retracement and 38.2% Fibonacci extension.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
EURNZD Long 280PIPS!Hello traders, today we have ourselves a lovely EURNZD Long trading idea. This trade idea is based off the fact we are expecting EURO strength next week and NZD weakness making EURNZD move in a bullish direction.
This trade idea is based off many factors -
Firstly, the price action is in a small bearish correction during its bullish impulse and is currently in a structure level followed by a fib level. This has given us a very strong indication of a reversal and we are looking for a reversal pattern in the lower time frame to secure our entry.
Please check out my other trading ideas and be sure to like & comment!
EURNZD Reversed Off Resistance, Potential Drop!EURNZD has potential to reversed off from 1st resistance at 1.67908 in line with 38.2% Fibonacci retracement and 50% Fibonacci extension to 1st support at 1.64878 in line with 127.2% Fibonacci retracement and 50% Fibonacci extension. Our bearish bias is further supported by how RSI is showing a negative bearish divergence. Otherwise price may continue to bullish towards 2nd resistance at 1.69453 in line with 61.8% Fibonacci retracement and 76.4% Fibonacci extension.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
EURNZD LONG 360 PIPS!Hello traders, today we have a lovely setup for EURNZD , this trade is a rentry from our first analysis. You can see where the first reversal was identified after the break of the bearish trend.
For this entry I have gone for a larger risk then normal so I will use a smaller lot size for this to lower the risk all together.
Our overall target is 360 pips profit, with a 45 pip risk making the R:R 1:8 which is still rather high considering we are using a larger risk.
Feel free to leave a comment and like and be sure to follow so you can keep up to date with my new ideas.
EURNZD facing bullish pressure, potential for further upside!Price is above 1st support at 1.64878 in line with 127% Fibonacci retracement and 127.2% Fibonacci extension . It could potentially bullish from 1st support at 1.64878 in line with 127% Fibonacci retracement and 127.2% Fibonacci extension to 1st resistance at 1.69271 in line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension . Our bullish bias is further supported by price is seeing a bullish divergence in RSI. Otherwise price may continue to bearish to 2nd support at 1.63224 in line with -27.2% Fibonacci retracement and 200% Fibonacci extension.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
EURNZD heading down for more?
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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 a short outlook? 🦐EURNZD on the daily chart ends the correction in the ascending channel and now testing the support area .
The price starts the bearish move at a confluence point enlighten in the chart and now is breaking below.
According to Plancton's strategy if the price will satisfy the academy rules we can 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: Pullback From Key Level. Update 🇪🇺🇳🇿
Hey traders,
Recently we have spotted a major key level on EURNZD.
As the price reached that on Friday, I flagged the pair and was looking for a confirmation to buy.
This morning I finally got one:
I spotted an ascending triangle formation with a confirmed neckline breakout.
Now growth is expected.
Goals:
1.6725
1.677
❤️Please, support this idea with a like and comment!❤️
EURNZD a sell opportunity 🦐EURNZD on the daily chart ends the correction in the ascending channel and now testing the support area.
The price starts the bearish move at a confluence point enlighten in the chart and now is breaking below.
According to Plancton's strategy if the price will satisfy the academy rules we can 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.