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EUR-NZD

EURNZD approaching 1st support, potential for a bounce!Price is approaching 1st support, in line with 61.8% Fibonacci retracement, 100%, 127.2% Fibonacci extension and horizontal pullback support. We could see a bounce and further rise towards 1st resistance, in line with 61.8% Fibonacci extension and horizontal swing high resistance. RSI is also holding above the ascending trendline support, as well as price, showing signs of further bullish pressure. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by TradeGATEHub
EURNZD approaching ascending trendline, potential for bounce!Price is approaching 1st support, in line with 61.8% Fibonacci retracement, 78.6% Fibonacci extension, horizontal swing low support and ascending trendline support. We could see a bounce and further rise towards 1st resistance, in line with 61.8%, 127.2% Fibonacci extension and horizontal swing high resistance. RSI is also holding above the ascending trendline support, as well as price, showing signs of further bullish pressure. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by TradeGATEHub
💡Don't miss the great sell opportunity in EURNZDTrading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (1.6860). 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 39. Take Profits: TP1= @ 1.6805 TP2= @ 1.6785 TP3= @ 1.6730 TP4= @ 1.6685 TP5= @ 1.6610 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! ❤️ 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 ❤️
Short
by ForecastCity_World
26
💡Don't miss the great sell opportunity in EURNZDTrading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (1.6860). 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 38. Take Profits: TP1= @ 1.6805 TP2= @ 1.6785 TP3= @ 1.6730 TP4= @ 1.6685 TP5= @ 1.6610 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! ❤️ 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 ❤️
Short
by ForecastCity
4
EURNZD - 07 – 11 June 21 Week Trade PlanEURNZD This is my 07 – 11 June 21 Week Trade Plan for EURNZD Previous Month : Bullish Previous Week : Bullish Daily : Bearish As anticipated last week, EURNZD played the range from 6650/7020 and with the daily solid close on 28 May it pushed it to the range high at 6980/7020 Res Zone with some Res formation on the way up at 6820/6860. As EURNZD still in range and no clear break out, i expect EURNZD to again test the range lows at 6700/6650. COT report showing that NZD shorts had increased their positions but still not convincing as it's only one week that showed that increase. Longs are still holding their positions. A confirmation that NZD shorts are into the market when i see 2 to 3 weeks consecutive increases in short positions . Seasonality showing that NZD will weaken till mid May and strength till end of May continuing into June to create new NZD highs which will lead EURNZD to create a new low. Technically, i'm looking for EURNZD to still range between 7020/6650, which makes me look for longs from range lows and shorts from range highs as long no break and support/resistance formation above Sup/Res zones marked. My plan for this week as EURNZD reached the top of the range, i'll look for resistance formation below the daily resistance formed and below the Res zone at 6980/7020 to short back to the range low at 6700/6650. My preferred longs will be above the Res zone 6980/7020 with support formation above on 4H. No major news this week for NZD and Monday is NZD Bank Holiday.
by Amr_Sadek
EURNZD facing bullish pressure | 3rd June 2021EURNZD is facing bullish pressure as it continues to hold above the ascending trendline and Ichimoku cloud support. We could potentially see a bounce at 61.8% Fibonacci retracement and 61.8% FIbonacci extension , and a further rise up to test 1st Resistance, in line with 100% Fibonacci extension and horizontal pullback resistance. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here.
Long
by FXCM
EURNZD approaching 1st support, potential for a bounce!Price is approaching 1st support, in line with 61.8% Fibonacci retracement , 161.8% Fibonacci extension and horizontal overlap support. We could see a bounce and further upside towards 1st resistance, in line with 61.8% Fibonacci retracement, 61.8% Fibonacci extension and horizontal pullback resistance. RSI is also showing signs of bullish pressure, in line with our analysis. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by TradeGATEHub
EURNZD - 31 May to 4 June 2021 Weekly Trade PlanEURNZD This is my 31 May– 4 June 21 Week Trade Plan for EURNZD Glad that i'm back after a long break again to my favorite habit "Charting" Previous Month : Bearish Previous Week : Bullish Daily : Bullish - After creating new high at 1.7020 resistance, EURNZD couldn't hold a support above the resistance zone 6980/7020 along with previous week news on Wednesday that leaded for more NZD strength pushing the price into the tough ranging zone 6800/6680. - The current drop in EURNZD still holding above the solid support zone 6650/6600 which could lead to a range plays from lows to retest the highs at 7020. - COT report still showing that NZD longs are firm and at the highest of the year and shorts are still weak, which means that i do expect EURNZD to maintain the bearish momentum and continue it's down move and any spike in price up reaching a solid resistance level/zone is going to get rejected and will give a solid opportunity for Shorts. - Seasonality showing that NZD will weaken till mid May and strength till end of May continuing into June to create new NZD highs which will lead EURNZD to create a new low. - Technically, i'm looking for EURNZD to still range between 7020/6650, which makes me look for longs from range lows and shorts from range highs as long no break and support/resistance formation above Sup/Res zones marked. - On Friday, RBNZ Gov Orr will have a speech on London session open which will cause NZD to be volatile, so taking cautious at that time will be recommended. Daily Chart: Weekly Chart: Monthly Chart:
by Amr_Sadek
EURNZD wait for the bounce and then up !My Marketmiracle advisor generated a LONG input signal for the EURNZD cross with an input price of 1,6970 and a target of 1,7064. Checking on the graph the signal is compatible with the situation, I would then wait for the bounce on the support and then take positions LONG in the direction of the target indicated by the advisor This idea is based on a signal generated by the advisor Marketmiracle, down on this page you will find the link to the page of signals of the advisor that you can see for free without any cost or registration
Long
by MarketMiracleAdvisor