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EUR-NZD

EURNZD to find resistance at market?EURNZD - 19h expiry - We look to Sell at 1.7373 (stop at 1.7423) Bearish divergence can be seen on the daily chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower. Bearish divergence is expected to cap gains. We look for a temporary move higher. Preferred trade is to sell into rallies. A higher correction is expected. Our profit targets will be 1.7253 and 1.7233 Resistance: 1.7370 / 1.7410 / 1.7459 Support: 1.7306 / 1.7270 / 1.7240 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
EURNZDEURNZD has been examined in different dimensions: 1- Strong supply and demand levels that I identify with my own indicator and system. 2- The structure of recently formed waves 3- Current market momentum 4- The structure of classical and price patterns In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis. In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram. ⚠️ Disclaimer: This is a personal opinion and you are responsible for any trading decisions.
Short
by HamidRamezani1992
EUR/NZD Fundamental + Technical Macroeconomic Update | 3.14.23The Euro continued its upward momentum, trading above $1.07 and approaching its highest level since February 14th. This is in contrast to the two-month low of $1.05 it reached on March 8th, which was due to concerns about the US financial system following the collapse of SVB. Despite US authorities' efforts to limit the damage, investors are concerned that the Federal Reserve may adopt a more cautious approach and only deliver a 25 basis point hike at the March meeting, instead of the previously expected 50 basis point hike. This is because of the potential risk to global growth caused by the turmoil in the US banking sector. Investors are also awaiting the European Central Bank's policy statement on Thursday. Although the bank is expected to raise interest rates by another 50 basis points, there are concerns that it may adopt a more dovish tone due to ongoing risks to financial stability. The S&P/ASX 200 Index rebounded from over two-month lows, rising 0.8% to above 7,060 on Wednesday. The gains were led by technology and banking stocks, following a similar trend on Wall Street, as investors felt that the worst of the fallout from the collapse of Silicon Valley Bank and Signature Bank had passed. The US inflation report, which came in line with expectations, also calmed the market’s nerves, and investors are now betting on a smaller interest rate hike by the Federal Reserve next week. Although Australian consumer sentiment remained at historic lows in March due to concerns about inflation, interest rates, and the broader economy, business sentiment dropped to a three-month low in February. The Hang Seng Index soared by 346 points or 1.8% to 19,594 on Wednesday, recovering from a 2.3% plunge the day before. This plunge had seen the index hit its lowest in more than three months. Investors are optimistic that China's economic activity will strengthen after official data showed that industrial output, retail sales, and fixed-asset investment all grew during the first two months of the year. The People's Bank of China added more liquidity than expected while holding a key lending rate, adding to the positive sentiment. WTI crude futures rose above $72 per barrel, rebounding from three-month lows, as OPEC raised its forecast for Chinese oil demand growth in 2023. This is in light of the country’s exit from the zero-Covid policy. However, OPEC left its outlook for global demand unchanged, citing potential downside risks for global growth. The group said that it would stick to production cuts agreed in October until the end of the year, according to Saudi Arabia energy minister Prince Abdulaziz bin Salman. The US oil benchmark, however, remains down more than 5% this week due to the turmoil in the US banking sector, and the prospect of another interest rate hike from the Federal Reserve next week continues to weigh on sentiment. Investors are now looking ahead to the IEA’s monthly report and official data on US crude inventories on Wednesday. Soybean prices eased below $15 per bushel, moving further away from a seven-month high of $15.55 hit on February 13th. This is because of the expectation that supply will remain strong, boosted by large crops in Brazil. The country's soybean production is estimated to reach a historical 153 million metric tons (MMT) in 2022/23, unchanged from last month, and higher by 24 mmt (18 percent) from last season’s drought-affected crop. Meanwhile, concerns over Argentina's supplies will continue, as the country's soybean harvest forecasts have been cut several times over the past months after the South American nation fell into the grip of its worst drought in over 60 years. The USDA has slashed its projection for Argentine production to 33 million tons, down 20% from its February estimate and marking the smallest crop since 2009. Crush is also expected to hit the lowest level in over a decade. The Hang Seng soared 346 points or 1.8% to 19,594 around midday on Wednesday, mostly recovering from a plunge of 2.3% the day before that saw the index hit its lowest in more than 3-months, amid signs that China's economic activity strengthened during the first two months of the year, with official data showing that industrial output, retail sales, and fixed-asset investment all grew. Meantime, the PBoC today added more liquidity than expected while holding a key lending rate unchanged and stepping up financing support for private small firms. An upbeat session on Wall Street overnight also boosted sentiment, with traders trying to shake off bank woes in the US, while speculation grew that the Federal Reserve may go for a smaller rate hike when it meets next week. All sectors supported the upturn, with financials, tech, and consumers all gaining over 1%. Innovent Biologics climbed 9.8%, followed by Giant Biogene Hlds. (9.3%), Orient Express Intl. (8.4%), and Longfor Group (4.2%).
Long
by TayFx
EURNZD intraday dips continue to attract buyers.EURNZD - Intraday - We look to Buy at 1.7145 (stop at 1.7105) Daily signals are bullish. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. 20 1 day EMA is at 1.7145. We look to buy dips. We look for a temporary move lower. Our profit targets will be 1.7245 and 1.7265 Resistance: 1.7200 / 1.7240 / 1.7270 Support: 1.7170 / 1.7126 / 1.7100 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
EURNZD to find support at trend line?EURNZD - Intraday - Our short term bias remains positive. There is no clear indication that the upward move is coming to an end. We are trading at overbought extremes. Trend line support is located at 1.7220. 50 4 hour EMA is at 1.7224. We look to buy dips. We look to Buy at 1.7224 (stop at 1.7184) Our profit targets will be 1.7324 and 1.7344 Resistance: 1.7370 / 1.7415 / 1.7470 Support: 1.7300 / 1.7270 / 1.7200 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
EURNZD broke into a new higher high.EURNZD - Intraday - Daily signals are bullish. Our bespoke resistance of 1.7270 has been clearly broken. Previous resistance at 1.7270 now becomes support. 20 4hour EMA is at 1.7264. We look to buy dips. We look to Buy at 1.7266 (stop at 1.7226) Our profit targets will be 1.7366 and 1.7386 Resistance: 1.7377 / 1.7400 / 1.7440 Support: 1.7340 / 1.7270 / 1.7200 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
Joe Gun2Head Trade - EURNZD Stalling at 78.6% Fibonacci level.Trade Idea: Selling EURNZD Reasoning: EURNZD Stalling at 78.6% Fibonacci level. Entry Level : 1.7238 Take Profit Level: 1.7014 Stop Loss: 1.7309 Risk/Reward: 3:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre
EURNZD to find support at previous highs?EURNZD - Intraday - We look to Buy at 1.7156 (stop at 1.7116) Daily signals are bullish. Our short term bias remains positive. A lower correction is expected. We look to buy dips. The sequence for trading is higher highs and lows. Previous resistance at 1.7150 now becomes support. Our profit targets will be 1.7256 and 1.7276 Resistance: 1.7232 / 1.7270 / 1.7300 Support: 1.7180 / 1.7150 / 1.7130 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
EURNZD in a sequence of higher highs and lows.EURNZD - Intraday - We look to Buy at 1.7091 (stop at 1.7051) The sequence for trading is higher highs and lows. Preferred trade is to buy on dips. A lower correction is expected. Bespoke support is located at 1.7100. 20 4hour EMA is at 1.7084. Our profit targets will be 1.7191 and 1.7211 Resistance: 1.7185 / 1.7200 / 1.7240 Support: 1.7170 / 1.7140 / 1.7100 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
EURNZDEURNZD has been examined in different dimensions: 1- Strong supply and demand levels that I identify with my own indicator and system. 2- The structure of recently formed waves 3- Current market momentum 4- The structure of classical and price patterns In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis. In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram. ⚠️ Disclaimer: This is a personal opinion and you are responsible for any trading decisions.
Short
by HamidRamezani1992
2
Joe Gun2Head Trade - Swing failure on EURNZD?Trade Idea: Selling EURNZD Reasoning: Swing failure at 1.7167? Entry Level: 1.71569 Take Profit Level: 2.64 Stop Loss: 1.7203 Risk/Reward: 3.9:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre
1
EURNZD Potential for Bullish Rise | 10th February 2023Looking at the H4 chart, my overall bias for EURNZD is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Price has tapped into my pullback buy entry at 1.69491, where the overlap support is. Stop loss will be at 1.66668, where the recent low is. Take profit will be at 1.75494, where the previous swing high is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Long
by Rockqet
1
EURNZD Potential for Bullish Rise | 9th February 2023Looking at the H4 chart, my overall bias for EURNZD is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Price has tapped into my pullback buy entry at 1.69491, where the overlap support is. Stop loss will be at 1.66668, where the recent low is. Take profit will be at 1.75494, where the previous swing high is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Long
by Rockqet
1
EURNZD Potential for Bullish Rise | 8th February 2023Looking at the H4 chart, my overall bias for EURNZD is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Price has tapped into my pullback buy entry at 1.69491, where the overlap support is. Stop loss will be at 1.66668, where the recent low is. Take profit will be at 1.75494, where the previous swing high is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Long
by Rockqet
EURNZD Potential for Bullish Rise | 7th February 2023Looking at the H4 chart, my overall bias for EURNZD is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Looking for a pullback buy entry at 1.69491, where the overlap support is. Stop loss will be at 1.66668, where the recent low is. Take profit will be at 1.75494, where the previous swing high is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Long
by Rockqet
EURNZD Potential for Bullish Rise | 6th February 2023Looking at the H4 chart, my overall bias for EURNZD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a pullback buy entry at 1.69491, where the overlap support is. Stop loss will be at 1.66668, where the recent low is. Take profit will be at 1.75494, where the previous swing high is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Long
by Rockqet
EURNZD to see another early optimism?EURNZD - Intraday - We look to Sell at 1.6969 (stop at 1.7009) Levels above 1.7000 continue to attract sellers. Short term momentum is bullish. Early optimism is likely to lead to gains although extended attempts higher are expected to fail. We look for a temporary move higher. Preferred trade is to sell into rallies. Our profit targets will be 1.6869 and 1.6849 Resistance: 1.6914 / 1.6940 / 1.6970 Support: 1.6870 / 1.6830 / 1.6800 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
1