EURNZD trade ideas
EurNzd can see continuation this weekHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Looking to short, a break of key level, a big toppish formation.Likely more downside.
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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EURNZD Sell Opportunity EURNZD Shows a nice short opportunity after forming a bear flag, coming down from a strong downtrend, we'll maybe see a retest at previous support
EUR/NZD LONG FROM SUPPORT
Hello, Friends!
We are targeting the 1.799 level area with our long trade on EUR/NZD which is based on the fact that the pair is oversold on the BB band scale and is also approaching a support line below thus going us a good entry option.
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EUR_NZD WILL KEEP FALLING|SHORT|
✅EUR_NZD is trading in a
Downtrend and the pair
Made a breakout of the
Key horizontal level of 1.7750
So we are bearish biased
And we will be expecting
A further move down
SHORT🔥
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EURNZD Simple Trade Plans EURNZD has been smacked off from extreme pushes as cash flows into NZD.
Long areas approach as labelled.
The EURO railway only travels in one direction - downwards!First things first:
📊🔮My crystal ball tells me:
EUR CPI (inflation data) today will be lower than consensus expected.
-> This will weigh on the euro in the long term
🔮An old saying goes:
"The crystal ball spoke and the ECB obeyed."
A look back.
🔮 - As predicted in July last year, inflation in the eurozone fell far faster than the market and the ECB in particular had expected
(In December, EUR CPI was already below the 3% mark)
🔮- The 2% target has almost been reached! (as predicted. Quote July 2023:""and reach the 2% target in the first half of 2020 at the latest.")
🔮 - As predicted, this led to the market pricing in upcoming ECB rate cuts far earlier than the ECB had planned
(Quote 23 November 2023: "I see a high probability that we will be very close to the ECB's first rate cut as early as April 2024.")
And here we are: in April 2024, very close to the ECB's first rate cut.
History has taken its course. And this should have come as little surprise to readers of this channel.
Although the probability of this is split 50/50 between April and June, this will no longer be decisive.
-> The fact is that the ECB will start with a first interest rate cut of 0.25% in June at the latest and many more will follow this year.
I expect 4-5 rate cuts by the ECB this year.
-> This goes against the market consensus which expects only 3 rate cuts from the ECB this year.
-> There is a lot of potential for the EUR train to move downwards!🟢
Long on EURNZDIt has been quite a long while since I traded on forex EURNZD has reached a critical weekly zone which is also a daily demand zone.
So I do the smallest lot size possible. Hopefully after a month I will reap the reward
EURNZD is in bearish phaseafter breaking marked support the trend has changed from bullish to bearish. support has also been drawn where the price can reach. trade plan has also been shown on the chart
EURNZD - Long Position The pair is approaching a daily support of a raising trendline, i will consider buying the pair if the conditions are favorable.
My target is 1.80
Regardless, always follow your trading plan.
EURNZD - NEW BREAKOUT Hello Traders !
On Thursday 25 July, The EURNZD reached the resistance level (1.83844 - 1.84623) and failed to break it !
The price broke the support level (1.79254 - 1.79915).
This key level becomes a new resistance !
So, I expect a bearish move 📉
_____________
TARGET: 1.77500🎯
EURNZD Falls Amid Risk On (T Plans)EURNZD has been smashed back down from extreme high pushes.
Falling now to key long zones for entry on rebounds and potential short side profit taking.
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.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Europe and New Zealand are on the other sides of the globeChatGPT states that a dove would need to fly non-stop for 300 hours to deliver a note from Europe to New Zealand. How long do you think it will take for EURNZD to reach our target? I bet it’s longer than 12.5 days. But regardless of the timeframe, the message is clear: we need to capitalize on this opportunity. EURNZD appears to present a strong selling opportunity, at least from my perspective. The analysis should be straightforward. Please let me know if there are any uncertainties or disagreements.
EUR/NZD SHORT FROM RESISTANCEHello Traders
In This Chart EURNZD 4 HOURLY Forex Forecast By FOREX PLANET
today EURNZD analysis 👆
🟢This Chart includes EURNZD market update)
🟢What is The Next Opportunity on EURNZD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
EURNZD Potential Short!EUR-NZD is going up now
But the pair will soon hit
A horizontal resistance
Level of 1.805295 from where
We will be expecting
A pullback and a move down !
EUR/NZD For Bearishyou can go short now
or
wait for entry point
- General Trend is down
- EUR under Pressure
have fun :)
EURNZD: Bullish Continuation & Long Signal
EURNZD
- Classic bullish formation
- Our team expects growth
SUGGESTED TRADE:
Swing Trade
Buy EURNZD
Entry Level - 1.7822
Sl - 1.7694
Tp - 1.8046
Our Risk - 1%
Start protection of your profits from lower levels
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EURNZD is at the 200dmaIntraday Update: The EURNZD may be trying to work a longer term false breakout, head and shoulder pattern, etc, however the intraday RSI's are reaching for very oversold condition. We'd expect sellers to step in above 1.7950's if a bounce happens intraday. We have also hit the 200dma as expected overnight.
EURNZD BearishBias Ranging
Fundamental Analysis
EUR is neutral and likely to reduce interest rates soon.
NZD is bearish fundamentally. Due to geopolitical issues, XAU is bullish, putting NZD in bullish momentum.
Price Action:
Price rejected from Daily S/R level. The bearish movement has come in, creating a break in H4 support level and close below it. Price pulled back and retest the broken support level H4. Price formed a double top pattern with a H1 neckline Support level. Price break the H1 support level again.
Confluence:
Higher TF (W/D/H4) - H4 Broken Support, H4 EMA50, H4 Trendline
Lower TF (H1/M30/M15) - H1 broken support. Bearish Momentum Candle towards downside.
Set up:
Short Entry at broken H1 neckline.
TP at Daily SR level R:R 1:4
SL above the double top pattern +1 ATR
EUR/NZD Sell D1 Sell Limit Entry @ 1.80378
S/L @ 1.86537
T/P1 @ 1.74200
T/P2 @ --------
R.R.R. @ 1/1
Pure Price Action Trading based on Pullback of Key Levels.
Short EURNZDEUR broke down the trendline support against the Yen, and the price below the moving average with a lower low and lower high could be a sign of weakness in the euro.
