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EUR-NZD

EUR/NZD Long Term AnalysisGood morning traders, today we bring you a long-term analysis on the EUR/NZD pair. 🔸As we can see in the Weekly chart, the price broke the bullish channel to the downside, and from there began a downward movement that has not stopped until last week. 🔸The area where the price rebounded is a strong demand area. The last three times in the last four years that the price faced it, it had a bullish rebound. And this time it was not the exception. 🔸If the upward movement continues, we may see a retest of the supply zone approximately at 1.7300. 🔸In case of a bearish breakout, the bearish target is approximately at 1000 pips, at 1.5200.
by ThinkingAntsOk
1
EURNZD - 01-05 March 21 Week Trade Plan FX:EURNZD Previous Month : Bearish Previous Week : Bullish Previous Daily : Bullish - EURNZD as expected created a lower resistance below 6660 which pushed EIRNZD to create a new low at 6320 helped by Interest rate news and NZ economical optimism. The new low created triggered a hard pullback as it was Feb End and profit taking which currently pushed EURNZD again above 6660. - 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 in 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. - 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 Wednesday Building Permits and RBNZ's Governor Orr speech on Thursday. Monthly Outlook: Weekly Outlook: Daily Outlook: Weekly Trade Plan 4H Chart:
by Amr_Sadek
EURNZD possible 530 pip short swingConfluences: -Price is retracing to major a major resistance zone -Price is retracing to the 78.6 fib level -This is an impulse correction so we can see an impulse down -Additionally this pair has been in a downtrend and I'm expecting for a retest and continuation down On monday I will wait for a 4hour break of structure (lower low and lower high) and enter on the lower high, taking this part all the way down to 1.62 Feel free to tell me what you guys think!
Short
by Fed02
4
EurNzd pull back will be to long... If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! 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!
Long
by Shadowing_The_Big_Boys
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