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EUR-NZD

EURNZD - 25 - 29 Jan Week trade Plan FX:EURNZD Previous Month : Bearish Previous Week : Bullish Daily : Bullish 4H : Bullish Nothing major changed from last week outlook, only a break and close above 1.6980 but EURNZD couldn't create a solid support above to extend the bush to upside. - With all HTFs (M, W, D) are trending down, Monthly pointing to 1.6670 - Weekly pointing to 1.6770 and Daily currently bouncing from a solid support zone 1.6850/20, still the bias is short any bounce. - The COT report showing that 70% of institutional positions are Long NZD which is the highest since 3 years compared to 30% Short positions. This is translated on the chart with EURNZD sustaining it's bearish trend and we are seeing support levels broken every week. - Seasonality showing that EURNZD should be strong during the first 2 weeks of Jan which had happened during the last 2 weeks and the highest to reach this month and weakness should be the theme for the remining of Jan. - Through trading several Months EURNZD, I prefer to see retracements to any move in order to have a range to trade to target. 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 Thursday and Friday.
by Amr_Sadek
2
EURNZD Buy a break setup.EURNZD - Intraday - We look to Buy a break of 1.7004 (stop at 1.6974) Bullish divergence can be seen on the 4 hour chart (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher. A break of 1.6880 is needed to confirm follow through bullish momentum. Price action looks to be forming a bottom. We look for a temporary move higher. A break of 1.7000 is needed to confirm follow through bullish momentum. Our profit targets will be 1.7095 and 1.7145 Resistance: 1.6950 / 1.7000 / 1.7050 Support: 1.6900 / 1.6860 / 1.6810
Long
by Signal_Centre1
EURNZD Buy a break setup.EURNZD - Intraday - We look to Buy a break of 1.6885 (stop at 1.6856) Bullish divergence can be seen on the 4 hour chart (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher. A break of 1.6880 is needed to confirm follow through bullish momentum. Price action looks to be forming a bottom. We look for a temporary move higher. Our profit targets will be 1.6972 and 1.7024 Resistance: 1.6880 / 1.6940 / 1.6980 Support: 1.6810 / 1.6750 / 1.6700
Long
by Signal_Centre1
Further Upside Expected as EURNZD Expects to Breach 1.698 LevelKey details outlined in Signposts. Despite price breached lower, this didn't sustain and crossed back above our support. 1.698 was tested earlier on the 18th and the selloff reaction was weak. [ Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy. Since my win rate and R-multiple targets are different, ideas published are simply a resource to provide guidance. You are expected to manage your own trading decisions. ]
Long
by FinancialGamblR
EURNZD - 17-22 Jan Week trade Plan This is my 17-22 Jan 21 Week trade Plan for EURNZD . FX:EURNZD Previous Month : Bearish Previous Week : Bullish Daily : Bullish 4H : Bullish - With all HTFs (M, W, D) are trending down, Monthly pointing to 1.6670 - Weekly pointing to 1.6770 and Daily currently bouncing from a solid support zone 1.6850/20. - The COT report showing that 70% of institutional positions are Long NZD which is the highest since 3 years compared to 30% Short positions. This is translated on the chart with EURNZD sustaining it's bearish trend and we are seeing support levels broken every week. - Seasonality showing that EURNZD should be strong during the first 2 weeks of Jan which had happened during the last 2 weeks and the highest to reach this month and weakness should be the theme for the remining of Jan. - Through trading several Months EURNZD, I prefer to see retracements to any move in order to have a range to trade to target. 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, Also China is having very important news on Monday and Wednesday.
by Amr_Sadek
EURNZD - 11-16 Jan Week trade opportunities for referenceThis is a summary of the trade opportunities during this week according to my Trade Rules: e 1- Momentum 2- HTF close with momentum direction 3- 1H close above / below previous candle in momentum direction 4- Targets for TP points from Week Trade Plan FX:EURNZD - Jan week 11 - 16 - Previous momentum: Bearish - Week Close: Bullish - Range: 171 pip -A Ranging week for EURNZD between 1.6980 and 1.6880/50 solid levels after the rejection at 1.7100/20 resistance zone. - The main factor this week was the 2:00pm UK time 4H candle, it showed how market repeats the same behavior at specific times. - The COT report showing that 70% of institutional positions are Long NZD which is the highest since 3 years compared to 30% Short positions. This is translated on the chart with EURNZD sustaining it's bearish trend and we are seeing support levels broken every week. - Seasonality showing that EURNZD should be strong during the first 2 weeks of Jan which had happened during the last 2 weeks and the highest to reach this month and weakness should be the theme for the remining of Jan. - Highlighted 3 opportunities for Short according to my rule of having Momentum and 1H close in my direction, but not according to my trade plan as the nothing triggered to Short or Long. - Check 4H TF you will find that 4H candle close is Bearish and closing below previous candle.
by Amr_Sadek
waiting for that break out...Bias is so short with the trend,let's wait and see! 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!
Short
by Shadowing_The_Big_Boys
1
EURNZD Buy a break setup.EURNZD - Intraday - We look to Buy a break of 1.6983 (stop at 1.6949) Dips continue to attract buyers. The bias is to break to the upside. A break of 1.6980 is needed to confirm follow through bullish momentum. Pivot support is at 1.6863. Levels below 1.7000 continue to attract buyers. Short term MACD is moving higher. Price action looks to be forming a bottom. Our profit targets will be 1.7088 and 1.7154 Resistance: 1.6950 / 1.6980 / 1.7000 Support: 1.6900 / 1.6850 / 1.6800
Long
by Signal_Centre1
1
EURNZD - 11-15 Jan Week trade Plan FX:EURNZD This is my 11-15 Jan 21 Week trade Plan for EURNZD . Previous Month : Bearish Previous Week : Bearish Daily : Bearish 4H : Bearish With EURNZD ended last week with bearish close below 1.6980 confirming the bearish momentum, I'm expecting further continuation to the down side with cautious as currently we are at HTF support zone that may hold a bit EURNZD from the down move. Also COT Report and Seasonality are showing that NZD is currently strong, so expectation for the bearish momentum continuation is viable. I'd highlighted 2 scenarios for Shorts and Longs with No Trade Zone.
by Amr_Sadek
EURNZD - 4 - 8 Jan Week trade opportunities for referenceThis is a summary of the trade opportunities during this week according to my Trade Rules: 1- Momentum 2- HTF close with momentum direction 3- 1H close above / below previous candle in momentum direction 4- Targets for TP points from Week Trade Plan FX:EURNZD Jan Week 4 - 8 Previous momentum: Bearish Week Close: Bearish Range: 284 pip - With last week failure to sustain the bullish momentum above the 1.7180 and rejection confirmation at 1.7220, EURNZD ended last week bearish at Support zone at 1.6950/80. - EURNZD started this week with retracement to the next resistance zone 1.7080/1.7100 (Expected as per the weekly trade plan posted) and rejection confirmed at the zone for bearish continuation and retest of the support zone at 1.6950/80 TP1 and break to test 1.6880 TP2 and 1.6780 TP3. - The COT report and Seasonality of NZD currency supported the bearish momentum to reach TP2 and treated any rise as opportunity for Shorts. - Highlighted 3 opportunities for Short according to my rule of having Momentum and 1H close in my direction and as per my Weekly Plan. - Check 4H TF you will find that 4H candle close is Bearish and closing below previous candle. Weekly plan: Jan 5 Update: Jan 6 Update: Jan 8 Update:
by Amr_Sadek