Eurnzdshort
EURNZD Sell the breakdown.EURNZD - Intraday - We look to Sell a break of 1.6878 (stop at 1.6903)
There is no indication that the selloff is coming to an end.
Our short term bias remains negative.
A break of yesterdays low would confirm bearish momentum.
Price action is forming a bearish flag which has a bias to break to the downside.
Our profit targets will be 1.6804 and 1.6784
Resistance: 1.6940 / 1.6970 / 1.7000
Support: 1.6900 / 1.6870 / 1.6830
EURNZD - Bearish BiasEURO - Weak Bearish
1️⃣ Pressured by negative sentiment in the Eurozone.
2️⃣ Concerns about the spread of COVID-19 variant Delta in the region.
3️⃣ In August 2021, ZEW economic sentiment in the Eurozone fell by 18.5 points to 48.7 from the previous month’s 61.20.
4️⃣ Both Manufacturing and Services PMIs in the Eurozone declined due to the rise of COVID-19 in the region.
5️⃣ The German IFO business climate is forecast to deteriorate, following a decline in German ZEW sentiment.
NZD - Strong Bullish
1️⃣ Recovered from a massive sell-off last week after Fed Officer Robert Kaplan considered delaying a reduction in Fed stimulus.
2️⃣ A positive market environment benefits high-beta currencies such as the NZD.
3️⃣ In the second quarter, retail sales in New Zealand increased by 3.3%, following a 2.8% increase in the previous period.
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Technical
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We are selling the EURNZD after it failed to break resistance levels.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
Bearish outlook on EURNZDhi everyone, EURNZD broke its ascending trend line and is facing bearish pressure from its resistance zone at the 1.6960 area. A pullback to test this area presents an opportunity to enter a short. What are your views on EURNZD?
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 ShortEURNZD Short
pair has tested the supply
price rejected in d1 as well,
macd cross over has started as well
this best to go short in this pair
with small stop loss,
Good luck
EURNZD, DOUBLE TOP PATTERNFX:EURNZD
The price is move around 0.50 fibo retracement, and form bearish pattern (Double Top) lets take a sit sand wait, if the bearish engulfing candle form.
waiting for the breakoutconsolidation, price is failing to break the previous hh.
if the price break the structure after the retest i expect the price to continue falling
EUR/NZD SHORT Signal Signal
Market Sell: 1,70250
Stop-Loss: 1,71250
Target 1: 1,68500
Target 2: 1,67000
Stop-Loss: 100 pips
Risk: 0,5%
Risk-Reward: 3,25
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
EURNZD SHORT After price push lower new we can see nice corrective wave. waiting to price push to supply area & we will take short entry.
EURNZD OUT OF FALLING WEDGEWe have seen EURNZD break out of its falling wedge with clear bullish pressure.
Now, we expect some pullback before a continuations upwards.
This pair now tops the watchlist so that we'll see the move when it happens.
We'll watch how price reacts to the previously broken level before looking for buy setups
FALLING WEDGE ON EURNZD?As we see clearly, it's a falling wedge on EURNZD.
Price is slowly correcting and still moving sideways.
We expect a breakout of this wedge, or a continuous push to the downside.
Either ways, we need momentum to continue trading this pair.
As for now, we wait on the sidelines.
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
EUR/NZD Running In 160 Pips And New Entry Added After Retest !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
EUR/NZD Made Double Top, Short Entry Available After 4H ClosureThis 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 ANALYSISThe current bearish momentum has broken below the level of 1.69600.
We will now wait patiently for a retest before looking for sell-side opportunities.
We are working with the current momentum which is why we intend to short than long.
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
EURNZD > Best Scenario for A Buy Setup!!Friends I am overwhelmed by your generosity, thanks for the likes and comments, thank you for being so giving and kind, not many people have the virtue of generosity.
Analysis on #EURNZD
the market has been aking higher highs but still not able to break above the resistance level, for that I am interested only in buys and not sells so far.
if the market will come and tests the support level laid on the chart near 1.6860 I will look for a reason to get in a buy trade if the rules of engagement are met.
Check today analysis below⠀
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