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.
Eurnzdanalysis
DeGRAM | EURNZD pullback in the channelEURNZD is moving in a descending channel under the trend lines.
The chart is moving from the upper boundary of the channel, the price failed to break the dynamic resistance.
We expect the continuation of the decline in the channel.
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EURNZD
The EURNZD pair is exhibiting a bullish trend on the daily timeframe, as it has formed a descending triangle and completed the Elliott Wave 4 at a key support level. A buy entry is advisable after the breakout of the descending trendline, signaling a potential upward movement. This setup indicates a strong possibility for a bullish continuation.
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.
eurnzd analysis elliot. Don't forget about stop-loss.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
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 ..
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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.
Eur Nzd Long A long position on EUR/NZD looks promising based on strong support zones and bearish sentiment towards the New Zealand Dollar. The NZD faces pressure from weak domestic economic data and dovish Reserve Bank of New Zealand (RBNZ) policies. In contrast, the Euro is supported by stable Eurozone economic performance and potential ECB rate hikes. Technically, EUR/NZD has established firm support around key levels, providing a solid entry point for a long position. If the pair holds above these support zones and the NZD remains under pressure, a bullish move towards higher resistance levels is likely, making this an attractive setup.
EURNZD: Buy Opportunity
Well, as you can see, the price hit the daily bullish FVG in deep discount and cleared the sell-side liquidity. Here in the hourly chart, we know the market structure shifted and we are bullish now.
Now we are on the buy side of the curve so we expect the price to stay above the key level and respect the bullish PD Arrays, like Order block and FVG that you can see on the chart.
We need LTF confirmation for entry.
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EURNZD Market DecisionFor this pair, the price indicates a dilemna momentum.
According to the longer timeframes, a falling flag pattern is formed, which might be a strong indication of a bullish momentum. As for now, a head and shoulder pattern has been formed, and when the support line breaks, it might be a strong bearish momentum. Let us wait and see how it will turn out.
DeGRAM | EURNZD breakout saleEURNZD is trading near the lower boundary of the descending channel.
The price has fallen under the dynamic support, which now acts as resistance.
The chart formed a bearish takeover when testing the trend line, and after the candle shadow re-defined the dynamic resistance.
We expect the decline to continue after testing the lower boundary of the channel.
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EUR/NZD-Bullish Opportunity with Harmonic Pattern & RSI Div.This report provides a detailed technical analysis of the EUR/NZD currency pair, emphasizing a Bullish Butterfly Harmonic Pattern forming at a key support area. The analysis is supported by a Bullish RSI Divergence observed on the 4-hour chart, reinforcing our bullish bias.
Bullish Butterfly Harmonic Pattern:
The EUR/NZD is currently forming a Bullish Butterfly Harmonic Pattern, a reversal pattern signaling a potential bullish trend. This pattern is characterized by precise Fibonacci retracement and extension levels, indicating a potential upward price movement from the current support area.
Key Support Area:
The pattern is emerging at a significant support zone around 1.76671, which has historically provided strong buying interest. This level is crucial for our entry point, providing a favorable risk-to-reward ratio.
Indicator Analysis
RSI Divergence:
The Relative Strength Index (RSI) on the 4-hour chart shows a bullish divergence, where the price makes lower lows while the RSI makes higher lows. This divergence suggests a weakening bearish momentum and potential bullish reversal.
Trade Setup
Entry Point:
Entry: 1.76671
Stop Loss:
Stop Loss: 1.76242
Take Profit Targets:
TP-1: 1.77100
TP-2: 1.77529
TP-3: 1.77958
Risk Management:
Setting a stop loss at 1.76242 ensures minimal risk exposure if the market moves against our position. The take profit targets are strategically placed to capitalize on the anticipated bullish movement, with each target offering progressively higher potential returns.
Conclusion:
Based on the formation of the Bullish Butterfly Harmonic Pattern and the Bullish RSI Divergence on the 4-hour chart, EUR/NZD exhibits a strong bullish bias. Traders are advised to enter the market at 1.76671, with a stop loss at 1.76242. The take profit targets of 1.77100, 1.77529, and 1.77958 provide clear exit points to maximize profits.
By adhering to this trade setup and risk management strategy, traders can effectively navigate the EUR/NZD market, leveraging technical indicators and patterns to inform their trading decisions.
EURNZD - Seize Profitable Opportunity with Anti-Shark PatternEURNZD is currently exhibiting the formation of an Anti-Shark Harmonic Pattern (XABCD) coupled with the presence of a significant Trendline, indicating potential bearish momentum on the horizon. This analysis delves into the technical factors influencing the currency pair's movement and proposes strategic entry and exit points for traders to consider.
Pattern Identification:
Anti-Shark Harmonic (XABCD) with Trendline Confluence
The observed Anti-Shark Harmonic Pattern (XABCD) on the 1-hour time frame suggests a potential reversal in the prevailing trend. This pattern comprises distinct points: X, A, B, C, and D, with Point D marking a crucial juncture for market participants. Additionally, the convergence of a Trendline further emphasizes the significance of Point D as a potential turning point.
Key Levels:
Resistance Identified
Point D aligns strategically with a key resistance level, reinforcing the likelihood of bearish pressure manifesting from this point. Traders should remain vigilant as price action nears this critical area, as it often serves as a catalyst for significant market movements.
Entry Strategy:
Entry: 1.80900
Stop Loss: 1.81370
A prudent entry point at 1.80900 aligns with the anticipated bearish momentum following the completion of the Anti-Shark Harmonic Pattern. To mitigate risk, a stop loss set at 1.81370 provides a buffer against adverse price fluctuations, safeguarding capital in the event of unexpected market developments.
Take Profit Targets:
TP-1: 1.80400
TP-2: 1.79900
TP-3: 1.79436
Strategically positioned take profit targets offer traders opportunities to capitalize on potential downward movements. These targets, set at 1.80400, 1.79900, and 1.79436 respectively, correspond with key support levels where price action may encounter barriers or exhibit signs of reversal.
Conclusion:
In conclusion, the technical analysis of EURNZD on the 1-hour time frame indicates a favorable setup for bearish trading opportunities. With the formation of an Anti-Shark Harmonic Pattern and confluence with a Trendline, coupled with the proximity to a key resistance level, traders are advised to consider short positions with careful risk management. By adhering to the outlined entry, stop loss, and take profit levels, traders can navigate the market dynamics with greater confidence and precision.
EURNZD is ready to move lowerBased on my previous analysis on 18th Feb 2024. I now see that EURNZD has completed the swing and starting to move lower. I am expecting a drop for around 500 pips.
EURNZD I Multiple timeframe analysis and trading planWelcome back! Let me know your thoughts in the comments!
** EURNZD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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EURNZD SELLHi fellow traders, EURNZD is setting up for a move lower after it completes the flag pattern. Look for an entry from the blue box area and target the 1.77640 level. Good luck and trade safe!
DeGRAM | EURNZD confluence at resistance levelEURNZD is near the resistance at 1.79500, where price dropped before.
It is trading in the consolidationg zone following sell off on the 4 hourly chart.
There's a nice confluence zone to short at the resistance level, 78.6% fibo level and bearish harmonic pattern.
We expect a bearish move from the confluence zone.
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EURNZD Long Trade Setup A #long trade opportunity recently presented itself on the #eurokiwi (#EURNZD) #trading chart 📈.
This is indicated by the #bullish harami candlestick 🕯️ pattern just above the 1.78600 horizontal support level.
This indicates a rejection of the same level, with potential price move in the upward 👆 ⬆️ direction (#buy).
Sufficient upward momentum should see price rallying towards the 1.81000 psychological level and possibly testing the strength of the 1.81162 horizontal resistance level.
As always, please apply appropriate risk management.
Happy trading!
#crosspair
EURNZD I Potential correction to 1.8000 resistance zone Welcome back! Let me know your thoughts in the comments!
** EURNZD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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EURNZD - Long idea ✅Hello traders!
‼️ This is my perspective on EURNZD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. I wait price to go a little bit lower to fulfill the imbalance and then to reject from institutional big figure 1.80000 + FIBO 0.618 level.
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EURNZD SELLHi fellow traders, EURNZD looks ready to make a move lower after completing the WXY correction in a flag formation. Target the 1,7143 level and move your stoploss to break even as soon as we reach the grey 'risk free zone'. Good luck and trade safe!
EURNZD Short Term Buy IdeaH1 - Downtrend line breakout
Higher highs
Until the strong support zone holds I expect the price to move higher further after pullbacks.
DeGRAM | EURNZD early pullbackEURNZD is moving between the trend lines within the descending channel.
The pair has been growing for a long time without pullbacks.
We expect a pullback soon.
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