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Eurnzdsignal

EURNZD Technical Analysis & Trade IdeaThe #EURNZD pair displays a clear bearish bias on the higher timeframe, with a recent decisive break of market structure highlighting a downward shift in price action. This breakdown, marked by lower highs and lower lows, suggests a potential continuation of this bearish momentum. Traders may find an attractive opportunity near the 61.8% Fibonacci retracement level, where a short entry could be considered. If price action revisits this level, it's suggested to place a stop-loss order above the recent swing high. Target previous lows for potential profit-taking. It's crucial to remember that market analysis and trading carry inherent risks. Before entering any trades, always conduct your own comprehensive research, factoring in fundamental drivers and global economic events alongside your technical assessment. Employ prudent risk management strategies to protect your capital. Disclaimer: The information provided here offers a technical perspective on the EURNZD pair. It does not constitute investment advice. Trading decisions should be based on your individual risk tolerance, thorough market analysis, and careful consideration of all relevant factors.
Short
by tradingwithanthony
EurNzd- 1000 pips drop higes on 1.75 (Long term view)After reaching a high around the 1.85 zone, FX:EURNZD initiated a correction that eventually settled near the 1.75 zone. Throughout the end of October and all of November last year, the pair formed a lower high around the 1.82 zone. Subsequently, following the formation of a double top pattern, the pair breached below the neckline and the rising long-term trend line, ultimately revisiting the 1.75 zone. In December, there was a retest of the broken trend line, and after another examination of the 1.75 level, the pair experienced a rise. However, this time, it encountered significant resistance at the crucial confluence level of 1.79 before retracing back to 1.75 once more. Taken together, these movements suggest mounting selling pressure and long-term distribution in the market. Considering these cumulative factors, it's plausible to infer that the pair may be poised for a substantial decline. A drop of 1000 pips doesn't seem out of the realm of possibility, given the current setup and historical patterns. The confluence of technical indicators and price behavior underscores the potential for a significant downturn in the pair's value. Thus, traders may find it prudent to closely monitor these developments for potential trading opportunities aligned with the anticipated downward movement.
Short
by Mihai_Iacob
2
EURNZD Technical Analysis and Trade IdeaThe EURNZD pair exhibits clear bearish momentum. The current retracement to the 50% Fibonacci level presents a possible sell opportunity. Trend: EURNZD demonstrates a well-defined downtrend. Retracement: The price action is likely experiencing a corrective retracement before renewed selling pressure. Fibonacci Confluence: The 50%-61.8% Fibonacci level is our optimal entry zone. Trade Idea Direction: Short Entry: Upon bearish candlestick confirmation near the 50% Fibonacci level. Target: 1.74840 Stop Loss: Place the stop loss above the recent swing high to manage risk. Important Disclaimer The provided analysis serves as a technical perspective and should not be misconstrued as direct investment advice. Please conduct comprehensive independent research and employ robust risk management strategies before committing to any trades.
Short
by tradingwithanthony
EURNZD: 2 HR Big bullish move expected! EURNZD in Wyckoff Method, we can confirm that price is in verge of big bullish move of 400 pips at least. If you look through the chart carefully, we have given reason for each move that EURNZD made in last few weeks. This idea has highest possibility of the trade. Though we need to take sell side liquidity into the consideration if price decide to push down to take out the liquidity and fill the void area, we should not be shocked if it does. So please keep that into the consideration while taking buy entry on this pair. Euro can be extremely bullish in coming days, and this will likely to have effect on most of the euro pairs, same goes to EURUSD. Please do like and comment if you agree with the idea. It will gives us encouragement. ❤️
Long
by Setupsfx_
9
7 Dimension Analysis For EURNZD Yearly 🕛 TOPDOWN Analysis Yearly: A multi-year bearish structure persists, notably mitigated after the 2020 liquidity. The current chart suggests a potential trend shift. Monthly: The market induces a significant move, establishing a proper internal structure with clear mitigations. The last two candles exhibit pronounced long wicks, rejecting from previous long wick order blocks. Weekly: A well-defined weekly internal bearish structure is in place. 😇 7 Dimension Analysis Time Frame: H4 1️⃣ Swing Structure: Bearish 🟢 Structure Behavior: Break of Structure (BoS) 🟢 Swing Move: Impulsive move is intact after a proper BoS, with a pre-breakout buildup near support levels. It's advisable to monitor any support breakouts for potential sell entries. 🟢 Inducement: Done 🟢 Pullback: Completed with a proper liquidity sweep 🟢 Internal Structure: Sideways 🟢 Decisional OB: Mitigated; waiting for support breakout due to observed volatility spikes and a massive supply at the decisional OB area. Distribution is evident in the same area for the third time. 🟢 Time Frame Confluence: Daily and H4 2️⃣ Pattern 🟢 CHART PATTERNS: Reversal - Rounding Patterns, Triple Bottom (waiting for failure). Consolidation Rectangle - A strong consolidation range; waiting for support breakout. Continuation. 🟢 CANDLE PATTERNS: Massive consolidation range; avoiding candlestick patterns in a sideways market. 3️⃣ Volume 🟢 Fixed Range: According to it, in this bearish volume, 🟢 Volume on Breakout: Awaiting this 🟢 Volume during Consolidation: Not as needed so high chance market continue its fall moves 4️⃣ Momentum RSI 🟢 Zone: Bearish to strict sideways 🟢 Range Shift: Bearish to sideways; intact from many sessions, indicating a lack of bullish power to break this range. 🟢 Divergence: Some bullish divergences observed, but not strong enough to manipulate the market. 5️⃣ Volatility Bollinger Bands 🟢 Middle Band: Price is under the middle band. 🟢 Contraction: A long and strong contraction; breakout will be crucial for this move. 🟢 Headfake: A very clear headfake, suggesting a potential sharp downward move in the coming sessions. 6️⃣ Strength According to ROC 🟢 Values: EUR 3.47 vs. 7.20, clearly showing the strength of NZD. 7️⃣ Sentiment ✔️ Entry Time Frame: H4 ✅ Entry TF Structure: Bearish ☑️ Current Move: Sideways; waiting for breakout ✔ Support Base: Previous swing low is support ☑️ Candles Behavior: Bears' candles appear stronger than bullish. 💡 Decision: Sell at the support line breakout 🚀 Entry: 1.7382 ✋ Stop Loss: 1.7602 🎯 Take Profit: 1.6758, 2nd Exit if Internal Structure changes, also Exit 3rd Trendline Breakout, FOMO. 😊 Risk to Reward Ratio: 1:3 🕛 Expected Duration: 15 days SUMMARY: The analysis reveals a persistent bearish stance with indications of potential bearish continuation. Monitoring support breakout for sell entries is advised, considering the observed volatility and supply factors. The decision emphasizes waiting for the right breakout conditions.
Short
by Optimum369
4
7 Dimension Trade Idea For EURNZD 😇 7 Dimension Analysis Time Frame: H4 1️⃣ Swing Structure: Bearish 🟢 Structure Behavior: Break of Structure (BoS) 🟢 Swing Move: Impulsive 🟢 Inducement: Liquidity sweep and start impulse 🟢 Pull Back: 1 🟢 Internal Structure: Bearish 🟢 Decisional OB: Mitigated and gave a proper reaction Support Resistance Breakout/CIP: Playing a major role 🟢 Traps: False Breakout, considering the continuation, Shakeout 🟢 Time Frame Confluence: Daily 2️⃣ Pattern 🟢 CHART PATTERNS: Consolidation Gramophone Breakout, Shakeout Continuation Done 🟢 CANDLE PATTERNS: Long wick: at CIP area bearish, Momentum: many bearish candles appeared here, 3️⃣ Volume 🟢 A substantial volume observed during the consolidation phase, and also good at the breakout, meaning bears have full control of this pair 4️⃣ Momentum RSI 🟢 Zone: Bearish to sideways consolidation 5️⃣ Volatility Bollinger Bands 🟢 Middle band: Price Around here 🟢 Price is fully contracted in this point, volatility is compressed 6️⃣ Strength According to ROC 🟢 Values: 3.33 vs 7.04, NZD is much stronger than EUR 7️⃣ Sentiment: A small sell entry ✔️ Entry Time Frame: H1 ✅ Entry TF Structure: Bearish ☑️ Current move: Impulsive ✔ Resistance Base: Trend line resistance ☑️ Candles Behavior: Momentum ☑️ FIB Trigger event: Done ☑️ Trend line breakout: Done 💡 Decision: Sell right at the opening 🚀 Entry: 1.7498 ✋ Stop Loss: 1.7555 🎯 Take Profit: 1.7305 2nd If Internal Structure changes also Exit 3rd Trendline Breakout, Fomo 😊 Risk to Reward Ratio: 3.3 🕛 Expected Duration: 3 days SUMMARY: The analysis indicates a bearish stance with a well-defined structure and pattern confluence. Volume and momentum align with the bearish bias. The decision is to sell at the opening with specified levels for entry, stop loss, and take profit, considering potential internal structure changes and trendline breakouts.
Short
by Optimum369
EURNZD H3 / Strong resistance level, SHORT TRADE OPPORTUNITY ✅Hello Traders! This is my perspective for EURNZD H3. I see a strong resistance level on a descending trend. Also, another important resistance level at the price of 1.76300 where I expect a retracement until the DL (Daily Low), representing a good opportunity for SHORT TRADE EXECUTION. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
Short
by GoodTradeST
3
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.
Long
by HUMCRYPTOCLUB
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!
Long
by BKTradingAcademy
3