EURNZD on SupportUSDJPY is on supporta nd grab liquidity from here then we can see upside move and take tp around 0.5 FIB level.
Manage your risk accordingly.
Eurnzd!!
Bullish breakout?EUR/NZD is breaking out of the pivot which acts as an overlap resistance and could rise to the pullback resistance.
Pivot: 1.75527
1st Support: 1.7481
1st Resistance: 1.76987
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Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EURNZD: UT, Counter-Trend TradeRecent economic data indicates that New Zealand's producer prices (PPI) have surpassed expectations, which is bolstering the strength of the NZD. The inflation in the Eurozone is relatively low and is not expected to have a significant impact. This will result in a stronger New Zealand dollar compared to the euro.
Furthermore, Price Action has successfully surpassed the latest Resistance Level at 1.7559, establishing it as the most recent Support Level.
Nevertheless, the technical indicators on the 4-hour chart continue to indicate a downward trend, aligning with the overall trend on the higher time frame.
This trade carries a significant level of risk, as it goes against the prevailing downtrend.
EUR_NZD BULLISH BREAKOUT|LONG|
✅EUR_NZD was trading in
A falling channel but now
We are seeing a strong
Bullish breakout so we
Are bullish biased now and
We will be expecting
A further move up
LONG🚀
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EURNZD Under Pressure! SELL!
My dear subscribers,
My technical analysis for EURNZD is below:
The price is coiling around a solid key level - 1.7552
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 1.7503
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
EURNZD, a lot of supportive trendlines, expect upsideIdea No : 14
10 out of last 13 ideas were successful & 3 still running, let's talk about 14th
we have previously shared 2 ideas on EURNZD and both were spot on, please check the related ideas
this idea is no different to those as we still see further upsides in the pair
as you can see there are a bunch of supportive new trendlines formed so it is highly like that we follow the green arrow sooner rather than later
let's see...
EURNZD respecting previous trendlineIdea No : 09
EURNZD showing respect to our previous trendline from which we took long positions before and was profitable (please related idea for reference)
given that we have USD CPI in 13 hours from now followed by FOMC later on, this could mean we may see stronger US dollar before news events
so expect a bull run in the direction of our green arrow in the next few trading sessions
EURNZD BULLISHEURNZD recently broke above a bearish trendline on h4 and currently testing it from above
expect a bull run soon towards the arrow indicated
EUR/NZD has a strong bearish momentum, could it fall further?Price is rising towards the pivot which has been identified as an overlap resistance and could reverse to the pullback support.
Pivot: 1.7552
1st Support: 1.7395
1st Resistance: 1.7634
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EURNZD Trading Opportunity! BUY!
My dear friends,
EURNZD looks like it will make a good move, and here are the details:
The market is trading on 1.7429 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 1.7466
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
EUR/NZD BULLS ARE GAINING STRENGTH|LONG
Hello,Friends!
Bullish trend on EUR/NZD, defined by the green colour of the last week candle combined with the fact the pair is oversold based on the BB lower band proximity, makes me expect a bullish rebound from the support line below and a retest of the local target above at 1.753.
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eurnzd analysis elliot. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
EURNZD Technical Analysis and Trade Idea into the NY OpenThe EURNZD currency pair has been experiencing a strong downtrend. Notably, there have been consistent and clean price swings, except for a spike on Friday. I’m currently seeking an opportunity to short the market based on specific criteria related to price action. In the video, we analyze the trend, market structure, and price action, discussing two potential entry methods: using a limit sell order or manually trading on a lower timeframe. It’s essential to note that the content in the video is for educational purposes only and should not be considered financial advice1. 📉💶🇳🇿
EUR/NZD BULLS ARE STRONG HERE|LONG
Hello,Friends!
Previous week’s red candle means that for us the EUR/NZD pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 1.762.
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EURNZD: Will Keep Falling! Here is Why:
The strict beauty of the chart is a reflection of the fierce eternal battle between the bulls and bears and right now I can clearly see that the bears are taking over so we will bend to the will of the crowd and sell too.
❤️Please, support our work with like & comment!❤️
EURNZD Is Going Up! Buy!
Take a look at our analysis for EURNZD.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 1.742.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.745 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!
EURNZDEURNZD has retested a key support level at 1.73585 - 1.74178
The pair is already showing a bullish rebound.
A move up to retest the supply level around 1.85000 is likely.
This presents a promising opportunity for a LONG position.
EUR-NZD Bullish Bias! Buy!
Hello,Traders!
EUR-NZD went down and
Is retesting a horizontal
Support level of 1.7384
So we are locally bullish
Biased and we will be
Expecting a local bullish rebound
Buy!
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Check out other forecasts below too!
EURNZD intraday rallies continue to attract sellers.EURNZD - Intraday
Our short term bias remains negative.
Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end.
Offers ample risk/reward to sell at the market.
There is no clear indication that the downward move is coming to an end.
20 4hour EMA is at 1.7483.
We look to Sell at 1.7482 (stop at 1.7532)
Our profit targets will be 1.7362 and 1.7332
Resistance: 1.7465 / 1.7525 / 1.7560
Support: 1.7430 / 1.7392 / 1.7350
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.
EURNZD long term Bias still BearishWith reference to my EURNZD analysis of April 2024. This pair is started losing momentum to the downside. There is still no confirmation for buying as yet. However, it might create a massy structure around the marked demands zones. Therefore, we need the price to pullback at least towards 1.78000 level (round number) break the previous high before continue moving lower and breaking the swing low around 1.76000 level.
EUR_NZD SWING LONG|
✅EUR_NZD has retested a key support level of 1.7400
And as the pair is already making a bullish rebound
A move up to retest the supply level above around 1.7563 is likely
LONG🚀
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EUR/NZD - Arriving !! Maybe we can take another +100 pips selling
Until breakout liquidity zone ..
Got the last idea right..
Always when you look a great zone, take advantage of it ..
if you liked it, FOLLOW ME
EURNZD potential short
Fundamental :
The recent political developments in Europe, specifically the rise of far-right movements, have introduced additional uncertainty in the European market. This political instability is negatively impacting the Euro, making it more volatile and susceptible to depreciation.
Technical Analysis :
Bearish Momentum: EURNZDr has shown signs of bearish momentum, suggesting that sellers are currently in control. This is evident from the recent price action and trend break.
Political Uncertainty in Europe :
The rise of far-right movements in Europe is creating a climate of uncertainty, which is generally negative for the Euro. This political instability is likely to weigh on the EUR/NZD pair, making the Euro less attractive compared to the relatively stable New Zealand dollar.
Conclusion :
EURNZD is presenting a potential short opportunity, driven by technical indicators of bearish momentum and compounded by the political uncertainty in Europe due to the rise of far-right movements. Traders should watch for breaks below key support levels and monitor the overall market sentiment and political developments in Europe.
