EURNZD - Potential Reversal Zone Identified - Bullish BiasThe EURNZD pair is currently forming a Harmonic Pattern, specifically an XABCD pattern. This pattern indicates potential reversals in the market. At the completion of the pattern, we identify Point D, which is considered a Potential Reversal Zone (PRZ).
Confluence with Key Support Area:
Point D aligns with a Key Support area, further reinforcing our bias toward a potential trend reversal. This confluence strengthens our confidence in the upcoming price action.
Anticipated Trend Reversal to Bullish:
Given the formation of the Harmonic Pattern and alignment with the Key Support area, we anticipate a bullish trend reversal from Point D.
Entry, Stop Loss, and Take Profit Levels:
Entry: 1.79370
Stop Loss: 1.78420
Take Profit Targets:
TP-1: 1.80375
TP-2: 1.81290
TP-3: 1.82250
Conclusion:
With the formation of the Harmonic Pattern and the alignment of Point D with a Key Support area, we anticipate a bullish trend reversal in the EURNZD pair. Our entry point, stop loss, and take profit levels have been carefully calculated to maximize potential gains while managing risk. Traders should monitor price action closely for confirmation of the anticipated reversal.
Eurnzdbuy
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: Update 26/02/2024EURNZD as we explained in our first chart that AB=CD pattern is in process, that turn out to be true. Price rejected and bounce back from POINT 'D' now that price has rejected and breakthrough a consolidated region. We expect price to grow steadily with enough volume coming in New York session. Use the stop loss as described in the chart.
Good Luck and Happy Trading.
#EURNZD: First Major Drop and then Swing Buy?FX:EURNZD we have published numbers of chart analysis on eurnzd so far, and most of the time, the analysis has gone out in our favour. In our last chart analysis, we were hoping that price will fill the liquidity gap and then reject at the key level that we had identified, however, price mitigated early. We still think price will come to our key level and then bounce from there. We would recommend to wait for trend to become much clear.
Trade Safe and Good Luck.
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#EURNZD:First Two Entries Hit Targets What you think about this?FX:EURNZD first two entries hit our targets successfully, now we are focusing on the third entry, price rejected at the key level, where we think most of the major selling orders were placed. Currently, in our price had left behind big 'liquidity void area' due to that reason. In our view, price is likely to fill those area and then bounce back from our 'third entry'. We are targeting same 300-400 pips this time around too. Which will helps us gathering over 1200 pips from three ideas.
Let me know what do you think about EURNZD? Please share your views too.
EURNZD
EUR/NZD shows signs of a bullish move on the 4-hour timeframe, tracking within a descending channel and potentially forming a double bottom pattern. Traders could consider initiating long positions following bullish price action confirmation, anticipating a reversal from the current downtrend. Keep a close watch for breakout signals and consider buying opportunities accordingly.
EURNZD Trading Plan - 18/Feb/2024Hello Traders,
Hope you all are doing good!!
I expect EURNZD to go Up from here anytime.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
EUR/NZD Made Inverted H&S , Ready To Buy And Get 200 Pips !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
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 : Long Trade , 1hHello traders, we want to check the EURNZD chart. The general trend of the market is bearish and the price has reached a certain key level that it has reacted to several times in the past. We expect this level to play the role of a support level and the price will grow to around 1.75900. Good luck.
#EURNZD: some bullish movement before a dropDear Traders,
EURNZD recently broke out of ascending channel and also took out the sell side liquidity. Possible bullish price momentum expected to fill the market gap that it left behind. Use smaller time frame for entry and enter with proper risk management. Remember patience pays and this is our bias, yours can be different.
Good luck and thanks as always for showing support!
EUR/NZD is catching a beat and heading higher.....for nowEUR/NZD has support from the 200 day EMA which coincides with the WPP mid pivot. This should provide enough support for a move higher possibly targetting WR1 (Weekly Resistance) at 1.7611 over the next several hours.
The STOP at 1.7497 is under these 2 significant support levels.
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 I Double top soon to be completed and bounce from demandWelcome 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.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
EURNZD is in possible down waveAn opportunity seems to be emerging in the EURNZD as it indicates a downward trend. Consider initiating a sell position upon observing the breakdown.
Should the downward momentum not sustain, observe the price action at the top and consider selling from that point.
Wishing you success in your endeavors.
EURNZD,a Long entry setup, Swing Trade.📣📈 Recently news about NZD:
The New Zealand central central bank held benchmark rates at a 15-year high, as expected. However, the accompanying statement was less hawkish than anticipated. The RBNZ stated that policy needs to remain restrictive to ensure inflation returns to its 1%-3% target, echoing the global higher-for-longer narrative. However, it stopped short of suggesting further increases were on the table.
The diverging economic growth and monetary policy outlooks between the US and New Zealand suggest that any upside in NZD/USD could be limited. In recent months, the growth outlook in New Zealand has deteriorated compared to a material improvement in US economic growth expectations. Additionally, the US Federal Reserve has left the door open for one more rate hike before year-end
📣📈 Technical analysis:
1) From our screener, it shows NZD reversal to weak side from Over Bought level in Daily chart which means there is a strong sell on NZD relative to other currencies since last week for some reason.
2) Regarding to technical analysis, most of NZD currency pairs has break of structure (BOS), it is the first step of a trend reversal. We are waiting for a successful retest for a Swing entry.
3) Our trading plan about EURNZD - a Long entry setup
EURNZD was tested fairly strong support on the 200-day moving average, not too far from the June and July lows, with stronger support at the May low of 1.7165.
Moreover it has a breakout of the early-October high of 1.7825 since last Friday.
Execution: Coming 2 weeks, we are looking for a pullback above the 1.7165, that would be a higher low.
Long Entry after the pullback.
Stop loss at the May low of 1.7165.
Target 1.8034
Risk and Reward 1: 2 or better.
EURNZD Long Term Buying Buying IdeaHello Traders
In This Chart EURNZD HOURLY Forex Forecast By FOREX PLANET
today EURNZD analysis 👆
🟢This Chart includes_ (EURNZD market update)
🟢What is The Next Opportunity on EURNZD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts