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Eurnzdforecast

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:
Short
by FOREXN1
2
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
Short
by HayatoDragonFX
EURNZDHello Traders Welcome back to another profit day If you like my idea please give me a like and comment, That's will be a great appreciation to do more predictions Here is the full analysis for this pair, Let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. EURNZD on my view is buy with market imbalance Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts. The information given is not a Financial Advice. Please support this idea with a like, if you find it useful have a good profit week guys
Long
by Bexi03
3
Short Vision on EUR NZD for 05/08/2021Hello 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 1.682 as I am showing in my chart. Our Daily Goal is 1.684. Currently,EUR/NZD is moving towards the support level of 1.674 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:@1.674 TP1: @1.676 TP2: @1.678 TP3: @1.68 SL: @1.67 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!
Long
by HugoAJROUCHE
EURNZD LONG Readyyy!!!Lovely order on Eurnzd R:R 1:7 ❗️ First lets wait for price to close above our support then set this order ❗️ All supports and resistances are determined on the chart ⚠️Take Max 1% of your capital on this trade⚠️ ‼️Attention‼️ As soon as we get 50%✅ in profit, SL❌ to entry point & Save profit Clear setup @FxShzd trading style doesn't care about win rate only thing cares is Risk to Reward Lets make trading simple W/ @FxShzd 👇🏻👇🏻👇🏻 Any question comment bellow 👇🏻👇🏻👇🏻 Good-luck everyone
Long
by FxShzd
eurnzd neutraleurnzd analysis : Reasons : 1)there has been 2 resistance levels from which the market crossed the 1st resistance level and came uptrend and there is another resistance level as of now and it and didnt succesfully pass through that as right now , right now it is no trading zone as it is fluctuating a lot from 3 weeks so until it passes the no trading zone and cross the resistance level we cant expect to trade once it does,it goes for a potential up or downtrends Trade carefully
by saimanik9
EURNZD LONG TERM FORCASTCurrently this pair is on a short tern buy an easy 500+ pips on the table as of next week we are looking @ 168630 to scale in, once we hit that we are looking at a short which will produce about 1400+ pips. Then we are looking forward to the long term buy which can take a few years to playout but time is irrelevant to us direction is what matters. We are not big on fundamentals but we believe that the whole structure of the market follows a road map and our job is to find the blueprints of that map.
by TROJAN-FX-ARMY
2