NZDhello my friends this currency pairs has down trend. but it can possibly revers in the lower area so we wait for there. after the changing nature we can see price return price upwards.
weekly: down trend
daily:down trend
4h:down trend
good luck
Eurnzdshort
EURNZDEURNZD Has a Big Bullish Movement due to Data effect of ECB INTERERST RATES.
I think Now EURO wana Breathe and Will Drop to its Recent Support!
EUR/NZD Sell Opportunity: Breaks Below Trendline Support This week on Tuesday, EUR/NZD dropped below the long-term trendline support ahead of RBNZ rate decision and monetary policy.
RBNZ expects a rise official cash rate from 0.75% to 1.00%. Despite a sharp downside in the global equity space on further escalating military tensions between Ukrainian and pro-Russia separatist/Russia forces and continued Russia/NATO tensions in the background, EUR/NZD has dropped below the critical trendline resistance level and creates a selling opportunity.
From the current zone, 1.6950 was the trendline support zone. Now it has become a trendline resistance. So, as long as EUR/NZD is below the trendline support, it still has chances to drop further.
The market expects RBNZ to rise 50BPS though RBNZ forecasted only 25 BP. Any surprise rate hike like 50BP or more will Send EUR/NZD 1.6500 price zone or more.
From the present rate, immediate support is identified is at the 1.6840 price zone. Breaking below 1.6840, our final target to the downside is 1.6500.
SHORT OPPORTUNITY ON EUR NZD the price touch the upside of uptrend channel direction to downside of this channel
fibo retracement
TP and SL
EURNZD | ALL SUPPORTS TAKEOUT
EURNZD has break the multiple supports and turned negative since then. We are expecting bears will lead from here and any strength is the excellent opportunity to short it again.
Alternatively, bulls can intervene and ruin the party. Entering into the parallel channel will be the buyers territory.
Trade your levels accordingly.
EUR NZDthis support a is a very strong ever. if you see broken this support It will be difficult to up again at the moment but if you see it hold above this support, we will have a buying opportunity
💡Don't miss the great sell opportunity in EURNZDTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1.7071).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURNZD is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 32.
Take Profits:
TP1= @ 1.6881
TP2= @ 1.6822
TP3= @ 1.6721
TP4= @ 1.6653
TP5= @ 1.6535
SL: Break Above R2
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💡Don't miss the great sell opportunity in EURNZDTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1.7071).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURNZD is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 32.
Take Profits:
TP1= @ 1.6881
TP2= @ 1.6822
TP3= @ 1.6721
TP4= @ 1.6653
TP5= @ 1.6535
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
EUR/NZD Finally Closed Below Strong Supp ,New Short Setup Valid 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 - Short Idea Hello Traders,
Hope you are having an amazing week !
I am short biased on EURNZD for the rest of the week, we are currently in a wide corrective phase
I hope to see price push one last time higher so we can short this asset
Wishing you a profitable week ahead!
Disclaimer: this is not financial advice, charts we share should only be used for educational purposes
ETGL Team 💛
EURNZD Analysis Hello traders,
Hope you had an amazing weekend !
EURNZD is overall bearish given the strong momentum we have seen last week.
I will be shorting this pair if i see a valid 15 min rejection pattern.
The risk reward ratio on this pair should be good enough to get us a solid 5-6% without risking too much
Good luck everyone !
ETGL TEAM 💛
EURNZD Hrly short | Algo training **EURNZD hrly short**
shortstop @ 1.70609
TP #1 @ 1.70130 74.36% wr
TP #2 @ 1.69633 56.41% wr
SL @ swing high 1.71658 17.95% hr
EURNZD| Beating from Channel Top EURNZD on daily timeframe made a double top and took a beating from there. On shorter timeframe, it is following parallel channel and reversing from channel top.
We are expecting the bears will be tired soon and bulls will break the shorter term falling dotted line.
Trade your levels accordingly.
EURNZD 4Hr Short!
As charted earlier, price Failed at Resistance 1.73619.
It is right to not overlook or under-estimate a retest at 1.73619 | 1.76831 zone for Short entries.
HOWEVER, recent price action suggests areas where price is likely to Experience Tests and highly likely FAIL so as to seek new Buyers at listed Target zones and finally drive price UP to new upside Targets 1.76823 | 1.81826 zone.
Note: Idea is to complement your research.
Check comments section for future updates on idea.
Like this idea? Like, Share, Comment, Follow, (...)
Thank you, Happy Trading.
EURNZDHello traders. I expect the price to be ready for the second wave of correction and pullback to the trend line little by little, and it is R:R =3. Be profitable
EURNZD Bullish BiasEURNZD has given a breakout from the rising wedge and has taken support from the trendline. The price action looks bullish and it is support with bullish engulfing candle. We are expecting bulls to be active again and push the price to atleast recent high.
Trade your levels accordingly.
EURNZD Daily Short!
Overview:
1.70809 | 1.77529 is a rejected Buy-zone looking as far out on Monthly timeframe.
Price is currently trading inside multiple Caption/ Sell-zones: 1.70042 | 1.71501 and 1.69167 | 1.70367 zones.
EUR has Major news no more than 4hrs from now for potential price volatility.
Sell Entries should be inside Caption prices for target zones 1.67230 | 1.66136 and potentially down to expected Buy-zone 1.64572 | 1.63422
More conservative traders likely to hold Sells through 1.58043 | 1.53842 zone.
Note: Idea is to complement your research.
Check comments section for future updates on idea.
Like this idea? Like, Share, Comment, Follow, (...)
EUR/NZDSell: EUR/ NZD
SL @ 1.74080
TP @ 1.72100
Max Risk: 2%
(When calculating, do not forget about different spreads from Brokers)
Leave comments or likes to keep our content free and alive.
Have a good week to everyone
It is not an investment recommendation
EURNZD: Try to Short this interesting daily Channel!Hello, everybody, and welcome to my TradingView’s profile, my name is Gianni and today I’m going to analyse the EUR/NZD , translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities.
My ideas are for those who are interested in improving their financial education and for those who are looking for new trading opportunities, according with their own strategies.
Daily timeframe:
4 hours timeframe:
Since the last April, the price has been following an interesting downtrend, shifting few times the value area.
Analysing the last bullish intraday impulse, the market got a good corrective move around the price control (usually expected considering the price control as an area with high trading activity).
In lower timeframe, is possible paying some attention on the last impulse, that compared with the previous one is definitely losing momentum.
However , although the price reached a previous key level formed on September 2021, the price could get some more move up till the higher line of the value area.
When, where and why would I step into the market?
Considering a daily downtrend with the most trading activity on the lower value of the area, I would be looking for a short term position.
The intraday impulse seems exhausted , but before planning my short position, I will be waiting for the price to reach the higher value, clearly looking for a rejection and reversal price action with a RRR of 1:2 or greater.
My SL would be placed above the swing high (in case of good rejection) and the first TP around the price control.
If you enjoy this trade idea, please support my work with a thumb up and don’t forget to follow my profile for more detailed market analyses!
Trade safe and responsibly,
Gianni
DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose
EURNZD UpdateEURNZD is trading at the top and giving bearish divergence on the indicator levels. We are expecting bears to be active from here and push the price to atleast tendline support first and then break below to new lows.
Alternatively, if it manages to break above, bulls to take price to new highs.
Trade your levels accordingly.
EURNZD:SHORTAccording to, deal with the daily level and CHANGE OF STRUCTURE ,I expect the specified level to stop the price
EURNZD 1H TF Price tested the upper trend line in the channel. A Head & Shoulder pattern is formed and I want to see price complete the pattern.
1) The 10 EMA has crossed the 20 EMA on the 15m, 30m, and about to crossover on the 45m and 1H TF.
2) The RSI and MACD (bearish crossover) on the lower timeframes suggest a short-term bearish trend.
EURNZD is bullish on the Daily and Weekly timeframe, so price can continue to the upside ( you can't predict how deep a pullback can be). Hoping to hit this target in the next few hours. Then go long later in the session.
Pls like & follow if you find this helpful.
