Eurnzdanalysis
BUYING OPPORTUNITY FOR EURNZDEURNZD has been quite choppy for about two weeks now since it hit the monthly support zone. Despite the market conditions, we can see the price making an inverted head and shoulder structure. From there we can catch a short buying trade as displayed on the chart above.
Nice trading!
EUR/NZD BUY SIGNALHey tradomaniacs,
welcome to another free trading-setup.
If you want you can of course extend the stop-loss a bit as we get important news today!
EUR/NZD: Daytrade-Execution
Market-Buy: 1.66200
Stop-Loss: 1.65510
Point of Risk-Reduction: 1.67030
Take-Profit: 1.69500
Stop-Loss: 65 pips
Risk: 0,5% -1%
Risk-Reward: 5,0
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me
EUR/NZD BUY SIGNALHey tradomaniacs,
welcome to another free trading-setup.
EUR/NZD: Daytrade-Execution
Market-Buy-Order: 1.66930
Stop-Loss: 1.66590
Point of Risk-Reduction: 1.67260
Take-Profit: 1.68150
Stop-Loss: 30 pips
Risk: 0,5% -1%
Risk-Reward: 4,0
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me
EURNZD to head bullish?Let me start off by saying this currency pair isn't my strong suite but if the confluences are there, hey. Go for it.
Okay.
I don't know if anyone else has noticed this but EURNZD has been trending since March 22nd this year. I used multiple timeframe analysis and well from the daily chart its just trending (said that already).
I also drew out some demand and supply zones. Price went down into my demand zone, formed a double bottom and it is likely to bounce off that zone and start heading bullish. If price doesn't start heading bullish now, it is likely to start from the 1.66600 psychological level.
Initially I was thinking price would bounce off the 1.67000 psychological level but price broke that level before forming a bullish engulfing candlestick on the 15m timeframe.
What do you think?
TRADING SETUP FOR EURNZD
EURNZD is currently approaching the daily support level. However, in the intraday timeframe, there is a very nice falling wedge which is a reversal structure.
Look for the opportunity to buy once the structure is broken and retested. Also, the formation of the double bottom on the support will add an extra trigger to BUY the market.
NB; once the price continues to fall below the yellow structure, the setup will be INVALID.
What's your opinion on EURNZD? Comment below...
EURNZD For A SellThis week we have looked at a certain pattern style based upon a consolidation and impulse push drive away from these areas. The return we look at a logical area on smart money for this week i have looked at the 15 minute set ups on this pair its the 1hr chart lets see if we get the return or pull back into our bargain price area for the entry the tp as always is the end of the original impulse push
What are your thoughts........?
💡 EUR/NZD Possible short opportunityHi traders. My analysis on this pair is suggesting a bearish move towards 1.68053. So far it has rejected off the 50% Fib on the 1h hourly bearish impulsive move. I would like to see the 15m break and close below the trend line the come up and retest the 50% Fib on the smaller timeframe to enter this short position. My first target Is 1.68347 from there I will reduce my position size.
EURNZD [H4] Price is still running in the H/L frameEURNZD Price is still running in the H/L frame,
so recommend when the price touches the support area 1.664 - 1.667 area.
Recommend entering a sell position at the support to expect the price to bounce back or Swing High again.
SL below support
Goodluck Trader
TonTrader | TamjaiTrader
🚀🚀🚀🚀🚀🚀
EUR/NZD:FUNDAMENTAL ANALYSIS+PRICE ACTION & NEXT TARGET|SHORT🔔The New Zealand Trade Balance for July was reported at -NZ$402M monthly and at -NZ$1,100M 12-month year-to-date. Forex traders can compare this to the New Zealand Trade Balance for June, reported at NZ$245M monthly and -NZ$280M 12-month year-to-date. Exports for July were reported at NZ$5.75B and Imports at NZ$6.18B. Forex traders can compare this to Exports for June, reported at NZ$5.96B, and Imports, reported at NZ$5.71B.
The German IFO Business Climate Index for August is predicted at 100.4. Forex traders can compare this to the German IFO Business Climate Index for July, reported at 100.8. The German IFO Current Assessment Index for August is predicted at 100.8. Forex traders can compare this to the German IFO Current Assessment Index for July, reported at 100.4. The German IFO Expectations Index for August is predicted at 100.0. Forex traders can compare this to the German IFO Expectations Index for July, reported at 101.2.
The forecast for the EUR/NZD remains bearish after this currency pair corrected into its descending Ichimoku Kinko Hyo Cloud. Price action may temporarily pause, and volatility can increase, but the longer-term downtrend remains intact.
Will bears pressure the EUR/NZD into an extended sell-off into its horizontal support area?
Previous Idea in Take profit:
EURNZD A BASIC PRICE ACTION IDEAAs you may see the pair moves was restricted inside a rang for a while. The pair constantly shaping lower highs and higher lows which can be an indicator for a nested Elliott move. Recently the pair has just broken the range bottom with a five-wave move and then sharply corrected it to near the last high. but bears again came into play and we saw a strong rejection which may indicate the end of correction. So based on the nature of the move we can expect another downward wave which will trigger the last bottom and of course will break it. But before this, we may see some build-up. you may enter the position with a reward/risk ratio of about 3. put your SL slightly upper the big bearish candle and your TP at the previous bottom. Don't forget like and follow if you find this idea useful.
EURNZD, 4HR TF, sell the end of wave-4
Today we saw a fierce selloff in NZDUSD because of covid case in Aucland.
In my opinion this sell off could be an opportunity to enter short as RBNZ might start tapering soon.
This trade ideas offer 8.6R trade opportunity. Price now struggling at 61.8 fibonacci retracement of wave-3 which means we might see wave-4 end soon and we got another push to the downside for wave-5.
Sell EURNZD 1.6905
Stop loss 1.6945
Take profit 1.6560 (8.6R)
Use only 1-2% risk
Good luck
Long Vision on EUR NZD for 11/08/2021Hello Dear Traders,
You find below my analysis for EUR/NZD, the currency pair is in the buy zone. I expect the price to rise. According to my set of rules, in the M30 frame EUR/NZD will rise to 1.68 as I am showing in my chart. Our Daily Goal is 1.682.
Currently,EUR/NZD is moving towards the support level of 1.671 where there is some liquidity, from this value we are looking for short-term buying opportunities of EUR/NZD.
Good Luck and enjoy your Bullish Market for today.
Entry:@1.6708
TP1: @1.673
TP2: @1.676
TP3: @1.682
SL: @1.668
As mentioned on previous posting, we oscillate daily with the market based on Human Behavior and Sentiment.
Feel free to share your thoughts and opinions in the comment section below, I will be glad to discuss my friends!