EURNZD Buy/Long SignalEURNZD looks like a clear indicator on the daily for a nice day trade/swing trade set up. It has bullish momentum potential since the supporting trendline indicates a set up for a swing upward for the next few weeks. Please look below for a full breakdown analysis of EURNZD and any pairs you may request for us to analyze. Thank you!
EURNZD
EURNZD is about to bounce!The 4-hour support has proven to be a reliable level, with multiple instances of price surges originating from it. This reinforces the potential for a significant upward movement. Keep a close eye on the charts for confirmation and updates.
EURNZD. Currently, it has reached a robust support level, indicating potential for a substantial bounce.
EURUSD Looking BullishThe 4-hour support level has consistently demonstrated its reliability, as evidenced by several occurrences of notable price surges originating from this point. This pattern reinforces the likelihood of a substantial upward movement in the near future. It is advisable to closely monitor the charts for confirmation and updates.
Looking specifically at EURNZD, the currency pair has currently reached a strong support level, suggesting the possibility of a significant rebound in its value. Traders and investors should pay careful attention to developments in this context.
EURNZD Aiming For A Lower Low? From the end of summer, EASYMARKETS:EURNZD is seen drifting lower, while trading below a newly established downside resistance line drawn from the high of 21st of August. At the end of November, the pair once again fell below the 200-day EMA on our daily chart and continues to run below it. However, the rate is currently floating above the current lowest point of December, at 1.7463. If EASYMARKETS:EURNZD falls and stays below that hurdle, this may open the door towards lower areas.
A drop below the previously mentioned 1.7463 hurdle would confirm a forthcoming lower low, potentially attracting more bears into the field. Such a move might send EASYMARKETS:EURNZD to the 1.7395 obstacle, or to the 1.7275 zone, marked by the inside swing high of 23rd of May. If that zone is not able to withstand the pressure from the bears, this could lead to a test of the 1.7168 territory, marked near the lowest point of May of this year.
Alternatively, a push back above the 1.7740 area, marked near the current highest point of December, may also lift the rate above the 200-day EMA. That’s when EASYMARKETS:EURNZD could go for a larger correction higher, possibly aiming for the 1.7885 obstacle, or to the 1.7955 zone, which is the inside swing low of 15th of November. Slightly above it runs the previously discussed downside line, which could provide some resistance.
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EUR/NZD SENDS CLEAR BEARISH SIGNALS|SHORT
Hello,Friends!
Previous week’s green candle means that for us the EUR/NZD pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 1.755.
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EURNZD Is Very Bearish! Short!
Here is our detailed technical review for EURNZD.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 1.768.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.762 level soon.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
Like and subscribe and comment my ideas if you enjoy them!
EurNzd- genuie break, finally?After the second drop from 1.82, EurNzd started a range trading and consolidation just above 1.75 important support.
Yesterday's rise above consolidation's resistance was, in fact, a false break, that came to test the recently broken trend line and, after this test, the pair fell strongly under 1.75.
The violence of the drop could indicate that a genuine break under support will follow and in such an instance, the pair could drop to the next important level at 1.7
Also, looking at the daily posted chart, there is a Double top pattern with the measured target of 700 pips.
I'm bearish on this pair as long as 1.77 is intact.
EUR/NZD 320 Pips long idea based on SupportDear traders and the Tradingview community. What I have for you is a nice set-up
in EUR/NZD which can give us more than 300 Pips worth of profit if this plays
out nicely.
From the chart, you can see that EUR/NZD is at a demand level.
1.75 remains unbroken, which is a positive sign for the bulls here.
As an aggressive trader, I have already bought EUR/NZD@1.75 with my target
at 1.79. If price dips again to the support level, you too can consider buying.
Nearly Time To SELL Again For Move To 1.70??This pair looks like it is starting to transition into a longer term downtrend with the formation of lower highs and higher lows on the weekly charts.
Last Month we seen a breakdown that was able to take out the October low at 1.75 and moved lower slightly creating the new low this is indicating that more HTF selling is on the cards and is why I will be looking to sell this pair.
But first here's I want to see price rise up towards and above 1.785 as this is firstly a nice liquidity zone created last month if you look at the daily chart below see how price crashed here last month. (image below)
Also located here is the 50% and 61.8% fib retracement levels from last Months near 800 pip drop 1.785 to 1.80 will be a really good area to look for selling opportunities for the next leg down.
I will be waiting for price to move up and above 1.78 and then looking for evidence of slowing of momentum on the lower timeframes once confirmed will then use my TRFX indicator to look for sell signals on timeframes from the 4hr to the Daily.
Targets for this position will be a new low possibly targeting 1.73 first which should draw some support before heading down towards 1.70.
Stop loss will be above 1.81 depending on where I get in the market.
Hope you enjoyed the read.
EURNZD: Expecting Bearish Continuation! Here is Why:
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the EURNZD pair price action which suggests a high likelihood of a coming move down.
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EURNZD Will Collapse! SELL!
My dear followers,
This is my opinion on the EURNZD next move:
The asset is approaching an important pivot point 1.7610
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 1.7548
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
[EUR/NZD] Idea of long position on EURNZDWe have right now a rejection on the daily level I have been watching for a while.
I wanted this level to hold for a potential long and here we have what I wanted so I am going to start to look for the good long entry point. I have for now this kind of entry but will see ... have to be flexible to take a big R/R trade (can take 2 stops max on this kind of position and then if it does work, I switch into another idea).
Will be updating if needed on the next days
Great Trade !
NZDCAD - Catch The Next Impulse! NZDCAD has been in a correction for almost a year and we might be at the start of the next big impulse.
We're expecting NZD strength so we can assume that NZDCAD has bottomed out.
Trade Idea:
- Watch for BOS, trendline break or reversal pattern on lower timeframe
- invalidation for this bullish scenario is below 0.794 so any entries will require a stop below that level
- Targets: 0.85 (500pips), 0.88 (800pips)
Goodluck and as always, trade safe!
EURNZDIs EURNZD getting fueled at strong support level?
As the price is been on strong sell side but now it seems like price is getting some bullish momentum after reaching at support level and bullish divergence suggesting the buying pressure is about to start.
If the bears took control , the 1st target could be 1.7875 followed by 1.8200.
What you guys think of it