EUR/NZD Pre ECB Rate DecisionEUR/NZD has fell tentatively on comments out the ECB.
Technical levels persist above and below, as drawn.
EURNZD trade ideas
Technical Analysis: EURNZD Bearish ButterflyHello Traders,
Below is my Technical Analysis of EURNZD.
EURNZD has formed a bearish butterfly pattern with points X: 1.79369, A: 1.7442, B: 1.78702, C: 1.76273, D: 1.80786. The current price is 1.80379. Expectation for a drop to 1.78808 in the coming weeks. Additionally, a bearish divergence is noted on the Awesome Oscillator, indicating weakening bullish momentum.
Cheers and Happy Trading.
EURNZD: Preparing for a larger descentHello Traders,
We have an interesting setup on EURNZD. Between 23rd of Feb and 1st of May, we saw an upward move identified as a corrective wave ABC, with Wave C forming an ending diagonal. Recently, we saw a break of the ending diagonal pattern in wave C, setting the stage for a decline. The break of wave 1 to the downside further confirms our bearish outlook. As such I expect EURNZD to continue the downward movement.
However, if the price goes above 1.81557, my analysis of a drop will be invalid.
Cheers and happy trading!
EURNZD Structure Analysis Ahead of RBNZ Rate DecisionEURNZD Structure Analysis Ahead of RBNZ Rate Decision
In this video, I analyze the price behavior of EURNZD, considering past price developments and potential movements ahead of the Reserve Bank of New Zealand (RBNZ) interest rate decision on Wednesday, October 9.
The market anticipates that the RBNZ will cut rates by 50 basis points, from 5.25% to 4.75%.
You may watch the video for further details.
Thank you and Good Luck!
An idea on A Certain Pair has to be a swing tradeWe now wait for price to return back to our order block and tab 50% of it then we continue with the bullish moment to the weekly high note this is EURCAD
The EURNZD is bullish.The EURNZD has strong potential on the 15-minute chart to reach 1.803 and possibly higher targets but before that , this needs a good correction.
eurnzd bullish around 1200 pipsThe EUR/NZD currency pair has exhibited some bullish trends recently, but for a comprehensive bullish analysis, it’s important to consider multiple factors, such as technical analysis, macroeconomic fundamentals, and market sentiment. Here's an overview of what typically drives a bullish case for EUR/NZD:
1. Technical Analysis
Uptrend Continuation: If EUR/NZD is forming higher highs and higher lows on a daily or weekly chart, this is a signal of an ongoing uptrend. Key indicators to watch would include:
Moving Averages (50-day, 200-day): If the short-term moving averages are crossing above long-term moving averages (a “golden cross”), it signals bullish momentum.
Fibonacci Levels: Fibonacci retracement levels can help identify support and resistance areas for potential entry points.
RSI (Relative Strength Index): An RSI value below 70 but trending upwards could suggest that bullish momentum is building without being overbought.
MACD (Moving Average Convergence Divergence): A bullish crossover in the MACD line above the signal line is a strong confirmation of upside momentum.
Possible short on EUR/NZDI have no position yet on EUR/NZD because it is too early to enter on short. The long term pattern seems bullish for the break of the local high, but in my opinion should be a rentracement as in the picture. Be cautious because the long term is bullish but for the moment the Euro seems quite weak, let's see if BCE will cut again the interest rate, that should be a good signal to short Eur.
EURNZD Short Term Buy IdeaH4 - Bullish trend pattern
Currently it looks like a pullback is happening
Until the two strong support zones hold my short term view remains bullish here.
EURNZD - Bearish TrendThis analysis highlights several factors indicating a bearish trend in the current market:
Bearish Divergence: Recent price action shows a divergence between price and momentum indicators, suggesting a potential reversal to the downside. This discrepancy signals weakening bullish momentum, which could lead to further declines.
Head and Shoulders Pattern: The formation of a classic head and shoulders pattern reinforces the bearish outlook. This reversal pattern indicates that a top may have been reached, and a breakdown below the neckline could confirm a significant price drop.
EUR Outlook: The Euro (EUR) appears to be bearish, influenced by macroeconomic factors and sentiment shifts. Weakness in the Eurozone economy may add pressure, contributing to downward movements in related currency pairs.
Overall, these elements combine to create a compelling case for a bearish sentiment in the market.
EUR/NZDI think the EUR/NZD is going to do a triple tap and retest of the trendline. Retest is now incoming. I think it should happen in about a week. Then It may start going up again.
EURNZD BUY!!!EURNZD is in a bullish momentum and is continuing upwards
BUY ENTRY with a 1: 2.1 RR
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eurnzd buy signal. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
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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 - 4H - Bearish TrendTechnical Analysis: EURNZD is in a confirmed bearish trend, having broken the trendline on the 4-hour chart. The pair is showing bearish divergence , which signals a continued downtrend. We will enter a sell position at the 0.5 Fibonacci retracement level to take advantage of the bearish momentum. The stop loss will be placed above the last higher high (HH) in a strong resistance zone to manage risk.
Fundamental Analysis: NZD is gaining strength over EUR, especially in October, as it is considered a risk-on period, further supporting the bearish outlook for EURNZD.
Seasonality: Seasonally, EURNZD is expected to remain in a downtrend from the second week of October until the end of the month.
Entry Strategy:
Entry Point: Sell at 1.79295 at the 0.5 Fibonacci level.
Stop Loss: Set at 1.80305 , above the last higher high (HH) to manage risk effectively.
Take Profit 1: First target at 1.78286 for initial gains.
Take Profit 2: Second target at 1.77270 for further downside potential.
This strategy utilizes both technical signals and fundamental insights, with a clear focus on seasonality trends, to capture the expected bearish continuation in EURNZD .
EUR-NZD Risky Long! Buy!
Hello,Traders!
EUR-NZD is falling down
Now but will soon hit
A horizontal support
Of 1.7850 from where
A local bullish rebound
Is to be expected
Buy!
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EURNZD has swept BUYSIDE LIQUIDITY & reacted to supply zoneLater this week we posted a BUY setup for EURNZD. However, price had reached higher timeframe supply zone causing a lot of selling pressure. This has led to a new supply zone being formed (FRIDAY CLOSED LOWER) inside our demand zone. As this is our last swing high, we might experience price breaking lower and give us more bearish orderflow. For now we remain bearish until next VALID demand zone.
Price moves from INTERNAL LIQUIDITY to EXTERNAL LIQUIDITY, vice versa. On our chart, price swept buyside liquidity (external liquidity) and is now targeting internal liquidity.
These are strictly for statistical purpose, not signals. They are simply Trading ideas we see on the market and post to keep our Trading journal up to date.
EURNZD Just one click for the week When H4 down on Monday and then back up above Simple Moving Average 50 that’s the bullish action begin.
EURNZD - Bearish Turn in PlayEUR/NZD is displaying potential signs of a bearish reversal, highlighted by a bearish divergence and the formation of a head and shoulders pattern. A decisive break of the neckline could signal the onset of a new bearish trend, offering a favorable selling opportunity for traders.
EURNZD LONG TREND FOLLOWINGEURNZD BUY
ENTRY 1.7340
SL 1.7900
TP 1.80776
The market trend is bullish, and it is moving in a higher high and higher low pattern. On October 9, the market made a new high, and now it is retesting the last resistance, which is now our support on the daily chart.
On the 1-hour chart, a double bottom pattern has formed, and its neckline has broken out. We took the trade on the retest
EUR NZD - Potential Head & Shoulders Pattern Forming? Taking a look at the EURNZD chart, we may be seeing a potential head and shoulders pattern emerging! This classic reversal setup often indicates a shift in trend direction, typically from bullish to bearish.
The left shoulder and head seem to be forming, with the possibility of the right shoulder completing soon. If this pattern plays out, we could expect a potential downside move once the neckline is broken.
However, as with any setup, it's important to confirm with other indicators and manage risk accordingly. What do you think? Are you seeing the same pattern, or do you have a different view?
Drop your thoughts and comments below!
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