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EUR-NZD

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
EURNZD looking up 🦐EURNZD created a double bottom over a weekly support. The price from the last impulse retreated at the 0.382 Fibonacci level. According to Plancton's strategy, if the conditions will be satisfied, we can 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
6
💡 Don't miss the great buy opportunity in EURNZDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.676). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURNZD is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 60. Take Profits: TP1= @ 1.6835 TP2= @ 1.6885 TP3= @ 1.6950 TP4= @ 1.7040 TP5= @ 1.7120 SL= Break below S2 ❤️ 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 trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
16
💡 Don't miss the great buy opportunity in EURNZDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.676). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURNZD is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 60. Take Profits: TP1= @ 1.6835 TP2= @ 1.6885 TP3= @ 1.6950 TP4= @ 1.7040 TP5= @ 1.7120 SL= Break below S2 ❤️ 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 trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
4
EURNZD - 08-12 Feb 21 Week Trade Plan EURNZD Previous Month : Bearish Previous Week : Bearish Daily : Slightly Bullish - EURNZD finally broken the range and closed below 1.6780 reaching 1.6720 and barely 1.6620, meaning we are in a very solid bearish momentum. - The COT report showing that NZD sellers are picking up for the first time since the start of 2021 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. - Seasonality is not correlated with the current PA as NZD strengthen during Feb and created a pick now while Seasonality is showing ranging and a bit of weakness for NZD. I'll wait for this week to clarify a bit to confirm. - 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. - We have important news for NZD on Tuesday and Friday for Inflation and Business PMI also some news from China on Wednesday which also effects NZD. Daily Chart : Weekly Chart :
by Amr_Sadek
2
EURNZD Buy a break setup.EURNZD - Intraday - We look to Buy a break of 1.6732 (stop at 1.6697) Daily pivot is at 1.6660. Dips continue to attract buyers. Selling posted in Asia. This has resulted in signals for sentiment being at oversold extremes and we look for a move to the upside. A higher correction is expected. Price action looks to be forming a bottom. Our profit targets will be 1.6847 and 1.6898 Resistance: 1.6700 / 1.6760 / 1.6800 Support: 1.6670 / 1.6620 / 1.6600
Long
by Signal_Centre1
1
EURNZD for new recent lows? 🦐EURNZD after breaking below the support at the 1.68200 area is now looking to consolidate over a structure. 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
5