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EUR-NZD

EURNZD Sell the resistance.EURNZD - Intraday - We look to Sell at 1.6815 (stop at 1.6841) Daily signals are mildly bearish. 20 4hour EMA is at 1.6810. Preferred trade is to sell into rallies. Early optimism is likely to lead to gains although extended attempts higher are expected to fail. Our outlook is bearish. A break of yesterdays low would confirm bearish momentum. Our profit targets will be 1.6742 and 1.6702 Resistance: 1.6800 / 1.6850 / 1.6900 Support: 1.6760 / 1.6730 / 1.6700
Short
by Signal_Centre1
4
EURNZD - 29 March - 2 April 21 Week Trade PlanEURNZD Previous Month : Bearish Previous Week : Bullish Daily : Bearish - EURNZD managed finally to break the range 1.6660/1.6520 to the upside with a solid 300 pip bullish candle which was due to NZD housing prices and Risk Off sentiment in market (NZD is a risk driven currency) reaching a solid resistance zone 1.7020/1.6980. - Currently resistance zone is a historical Sup/Res that did hold for several times. Lately acted as a solid resistance during Jan in a ranging area from 1.7020 1.6820. - COT report showing that NZD long positions are getting closed while NZD shorts are not increasing which means that this is a take profit for Long positions and still not a change in positions to Short NZD. We need more views on next 2 weeks positioning in order to have clear view on position changes. - Seasonality showing that EURNZD will reach it’s top this month and will start continuing it’s bearish trend. Which could justify the spike this month along with the COT long positions. - I’m looking for EURNZD to range between 1.7020/1.6820 after the current run from the lows created at 1.6500 which acts as a HL after the 1.6320 LL created in Feb. - Will prefer longs with support formation above 1.6700 to retest the highs created at 1.6980 and may be continuation. And shorts with resistance formation below 1.6980 to retest the broken range high at 1.6660/1.6620 - Building Permits on Tuesday and Consumer Confidence on Thursday may give some move during Asian Session but not trend changer. Weekly Trade Plan 4H Chart:
by Amr_Sadek
EUR/NZD Multi-timeframe Analysis + Bullish SetupGood morning traders, today we bring you our bullish setup in the EUR/NZD pair along with its long-term analysis. 🔸As we see in the 4H chart, the price is in a great consolidation at the edge of the bearish channel. 🔸Regarding the corrective pattern, it is a clear A-B-C pattern, which we can now consider finished. 🔸If we draw the trendline of the corrective move, it has already been broken. 🔸Although the previous point is evident, we consider that the safe place to take bullish positions above wave B of the correction, since it is the previous high, and, if it is penetrated to the upside, that will be a clear bullish signal. 🔸Regarding to the stop loss, it is positioned below the structure. 🔸The take profit is in the next Resistance zone. 🔸The reason why we look for this setup in the 4H chart is because of the clear bounce that the price is making in a huge zone in the weekly chart, we can see it below.
Long
by ThinkingAntsOk
1
EURNZD - 22-26 March 21 Week Trade Plan EURNZD Can't find a clear direction for EURNZD now as we are in a very tide range for 3 weeks. A break of this range and a sustain momentum after the break will give us a clear way where we are heading. I recommend not to trade EURNZD till a clear direction. Previous Month : Bearish Previous Week : Bearish Daily : Bearish - The COT report showing that NZD buyers are closing longs and Shorts had increased to 40% from 30% last week. With such change in positions, we could see EURNZD move to the upside but be cautious that this could be a profit taking for Long position. Will monitor COT report in coming weeks to clearly understand the positions swaps. - As for news this week, the important are on Monday Westpac Consumer Survey and Wednesday Trade Balance which will move the market. Trade Plan Daily Chart: Also refer to my last week analysis for more details:
by Amr_Sadek
EURNZD will break above? 🦐EURNZD after the test of the weekly resistance moved below over the support at 1.65500. The price is moving within a mi or descending channel and according to Plancton's strategy if the market will break above 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.
Long
by InkyGrip
2
EURNZD - 15-19 March 21 Week Trade PlanFX:EURNZD Previous Month : Bearish Previous Week : Bullish Daily : Bullish - EURNZD still ranging between 1.6700 / 1.6560 after creating low at 1.6320 triggered by Interest Rate Decision and retraced back the whole down move. The range high is contained below the daily support at 1.666x with rejection to hold above 1.6700. - Looking for either support formation above 1.6700 to trigger Long positions or resistance formation below 1.6570 to trigger shorts. Also, current range trades could be played till we break this range 1.6700/1.6560. So, I may look to Short on 4H Res formation below 1.6700 and Long on Solid 4H formation above 1.6560. - The COT report showing that NZD buyers are still in control and increasing their NZD long positions. Still NZD sellers are not into market yet and this adds confirmations for EURNZD to continue bearish momentum. - Seasonality is showing that NZD will weaken till end March, but still NZD holding and continuing it's strength. We could see some reversals on EURNZD as we had created new lows, but still such spikes are opportunities for better shorts. - So with Current solid bearish momentum, COT and Seasonality; I'd expect EURNZD to continue the bearish momentum and any spike will be treated as a good opportunity for shorts until a solid support formation above 1.7020 level. - Important news for NZD this week on Thursday GDP and Wednesday Rate Decision which will move the NZD. Week Trade Plan Daily Chart: Daily Levels Daily Chart:
by Amr_Sadek