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EUR-NZD

EURNZD Sell the downtrend.EURNZD - Intraday - We look to Sell at 1.6734 (stop at 1.6766) Daily signals are bearish. Broken out of the Head and Shoulders formation to the downside. Trend line resistance is located at 1.6740. Previous support, now becomes resistance at 1.6740. Early optimism is likely to lead to gains although extended attempts higher are expected to fail. We look for a temporary move higher. Our profit targets will be 1.6641 and 1.6601 Resistance: 1.6650 / 1.6700 / 1.6740 Support: 1.6620 / 1.6570 / 1.6540
Short
by Signal_Centre1
2
UPDATE! EURNZD on a short outlook? 🦐After our last analysis on this pair, EURNZD broke and retest the resistance and currently is breaking the support. According to PLancton's strategy if the conditions will be satisfied we can check a new selling opportunity. ––– 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.
Short
by InkyGrip
10
EURNZD 22-26 Feb 21 Week trade Plan FX:EURNZD Previous Month : Bearish Previous Week : Bearish Daily : Bearish - EURNZD failed to hold above 6820/45 resistance zone and rejected multiple time during last week tide range. Breaking lows on Friday reaching weekly planned TP2 at 6590. Refer to last week plan: - 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 continued bearish momentum. - Seasonality is showing that NZD will weaken till end Feb, 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 formation above 1.7020 level. - Through trading several Months EURNZD, I prefer to see retracements to any move in order to have a range to trade to target created. So i recommend to Short after retracement or break and Resistance formation below broken Support and vise versa for Longs. - Important news for NZD this week on Tuesday Retail Sales and Interest Rates for China on Monday.
by Amr_Sadek
EURNZD a short outlook? 🦐EURNZD on the 4h chart after the last bearish impulse bounces over the weekly support and retraced until the 0.5 Fibonacci level. The market is now turning again into a bearish scenario and according To Plancton's strategy, if the conditions will be satisfied 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.
Short
by InkyGrip
2
EURNZD: The price BROKE the SECONDARY TRENDLINEHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : EUR/NZD ⚪ Technical Analysis : Since the 8th of February 2021, the price has been following its secondary trendline, breaking through its S/R zone at about 1.67700, reaching the secondary bearish trendline after few re-tests on the same level. On the last two bounces we can see the price forming lower highs, that could be an interesting sign of weakness. The price is currently re-testing the S/R zone and the main trendline. 🔴 Conclusion : I'm confident to see the price failing its attempt to break the S/R zone and falling down until the main support at about 1.66500. In the daily chart, the last few days closed with a bearish pin bar could be a confirmation of an upcoming downtrend. I'll be waiting for the breakout of the support zone at 1.67230 before planning my short position on this trade Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! ⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️ Trade Safe and Responsibly , Gianni
Short
by FXtrades-gp
53
EURNZD Long in Short-term!Trend Magic has changed color in the short term and this is a sign of money entering the market. Also, the price is above the Trend Magic line! It seems that with a significant increase in trading volume in areas that are above the resistance and the reluctance of traders to trade below the resistance line, there is a high chance that the red resistance line will be broken. We will probably have at least a significant correction in a few days if we do not change the trend. Crossing the Ichimoku cloud is also a good sign to enter the market, although the Ichimoku lines have been horizontal, which reinforces the correction hypothesis. Considering the natural risks, we open a buy position. Personally, I hold the position until the yellow line is touched, but if I see a serious change in the market momentum, I will close the deal! The red highlighted area, regarding it's great history of resistance and support, which is also consistent with our long-term magic trend's yellow line, could be a good target for our trade. Do not forget the principles of capital management!
Long
by AliSignals
EURNZD for a lower low 🦐EURNZD on the 4h chart after the last bearish impulse bounces over the weekly support and retraced until the 0.5 fiboncci level. The market is now turning again into a bearish scenario and according To Plancton's strategy, if the conditions will be satisfied 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. Leave a comment that is helpful or encouraging. Let's master the markets together
Short
by InkyGrip
8
EURNZD - 15-19 Feb 21 Week Trade Plan EURNZD Previous Month : Bearish Previous Week : Bullish Daily : Bearish - EURNZD retested the low formed at 6640 and formed a support on Feb 9. The bounce from 6640 extended to test resistance level 6780 and resistance zone at 6820/45 where it found solid rejection on Friday at the resistance zone but still holding above 6780/60 support zone. - The COT report showing that NZD sellers are still picking up but still not a confirmation that buyers are out yet. I anticipate that this could be the spike that EN does with each new low created and with the current support formed at 6640. - Seasonality is showing that NZD will weaken till end Feb, I anticipate that this week we could have the last strength for NZD before continuing weakness till end of Feb. - 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 formation above 1.7020 level. - Through trading several Months EURNZD, I prefer to see retracements to any move in order to have a range to trade to target created. So I recommend to Short after retracement or break and Resistance formation below broken Support and vise versa for Longs. - No major news for NZD this week and China having Bank Holidays so not expecting major moves during Asia Sessions. Weekly Chart Outlook: Monthly Levels:
by Amr_Sadek