EURNZD making rising wedge patternEURNZD upward trend continuous on hourly time frame price has taken a dip good opportunity for bulls to buy at current level with stop loss at previous higher low.
EURNZD trade ideas
EUR_NZD SHORT FROM RESISTANCE|
✅EUR_NZD has been growing recently
And the pair seems locally overbought
So as the pair has approached a horizontal resistance of 1.7886
Price fall is to be expected
SHORT🔥
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EURNZD - Long from bullish order block !!Hello traders!
‼️ This is my perspective on EURNZD.
Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look for a long position. I expect price to make a retracement after mitigating bearish order block. My point of interest if price fills the imbalance lower and then rejects from bullish order block + institutional big figure 1.77000.
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EURNZD: Growth ContinuesThe EURNZD pair successfully broke and closed above a resistance line within a horizontal range on a 4-hour time frame.
Prior to this breakout, the pair was trading within a consolidation phase.
This bullish breakout indicates a potential for further growth, with a target of at least 1.7888.
EUR/NZD FINAL UPDATE TAKE PROFIT ACHIEVEDEUR/NZD 4H - As you can see price has gone ahead and taken profit on the long position we predicted here, price has played out really well especially over the course of the last few days.
It is important that we now take a step back from this market and allow price to play out, we will see one of two things take place here now. Either price will absorb this area of interest or reject from it.
This trade Took Profit for + 353 pips. (+ 12%) 12RR
If price rejects from it, we want to see price break the last protected low within the bullishness that traded us up and into the zone, that will confirm enough Supply has been introduced to see price reverse.
If price absorbs this area then we must wait and see if price rejects from one of the other two areas we have marked out higher up, a big well done to those involved in this market, any questions drop a message below!
Potential BEARSClear impulse in the upside, and from the Elliott Wave Principle we all know that after such a move there comes a correction. Therefore, we expect a clear downfall for a good amount of pips
EURNZD Elliott WaveHello friends
In the EURNZD currency pair, we see the completion of a complete 5-wave impulse pattern, where the details of all the waves are clearly visible and are also marked on the chart.
We are waiting for the completion of wave 5 of 5 and a zigzag correction or... should start.
The possibility of price growth will continue until touching the upward trend line drawn from waves 1 and 3.
The price target is the range of 1.7600, which is marked in pale red.
Don't forget the stop loss.
Be successful and profitable.
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EURNZD Simple Entry/Exit Trade Plans After RBNZ comments/sentiment we have seen a surge in EN overnight.
This comes off the back off NZD weakness and brings us to some ideal areas.
Key Tech/PA zones exist slightly higher for short side entries. TGT comes at early support areas amongst reasonable uptrend.
Trade Signal for EURNZD: Sell OpportunityDirection: Sell
Enter Price: 1.76308
Take Profit: 1.76037
Stop Loss: 1.76805
We have identified a selling opportunity for the EURNZD currency pair based on our analysis with the EASY Quantum Ai strategy. This recommendation is supported by several key factors:
1. Technical Analysis: Our technical indicators have signaled a bearish trend. The resistance levels have been tested multiple times without a breakout, suggesting the price is more likely to decline from its current position rather than rise.
2. Momentum Indicators: The Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) are both showing bearish signals. The RSI has consistently hovered below the 50 mark, and the MACD histogram is indicating downward momentum.
3. Economic Data: Recent economic data releases from the Eurozone have underperformed compared to forecasts, putting pressure on the Euro. Conversely, New Zealand has shown strengthening economic indicators, which support a downturn in the EURNZD pair.
4. Global Sentiment: Global market sentiment appears to favor riskier assets, which typically benefits currencies like the New Zealand Dollar over safer options like the Euro.
Considering these factors, our strategy suggests entering a sell position at the price of 1.76308. The take profit target is set at 1.76037, allowing for a strategic exit as the currency pair is expected to reach this support level. To manage risk, the stop loss is placed at 1.76805 to protect against any unexpected upward movements.
This forecast has been made using the EASY Quantum Ai strategy, providing a data-driven approach to trading. Please make sure to conduct your own analysis and consider potential risks before entering any trades.
EURNZD - Looking To Buy Pullbacks In The Short TermW1 - Bullish trend pattern followed by a pullback
Price reached a strong support zone, respected it and bouncing higher.
H4 - 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.
EUR/NZD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
We are going short on the EUR/NZD with the target of 1.768 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band.However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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EURNZD - Bullish ContinuationOANDA:EURNZD has broken the bearish parallel channel and currently trending upwards with good bullish momentum! Price is currently supported by a trend line. Will be placing a buy limit order on 0.5 Fib Level with Stop loss below 4 hr low.
Falling towards 38.2% Fibonacci support?EUR/NZD is falling towards the support level which is a pullback support that lines up with the 38.2% Fibonacci retracement and could potentially bounce from this level to our take profit.
Entry: 1.77237
Why we like it:
There is a pullback support level which aligns with the 38.2% Fibonacci retracement.
Stop loss: 1.76387
Why we like it:
There is a pullback support level which aligns with the 76.4% Fibonacci retracement.
Take profit: 1.78532
Why we like it:
There is a pullback resistance level which lines up with the 161.8% Fibonacci extension.
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EUR-NZD Short From Resistance! Sell!
Hello,Traders!
EUR-NZD shot up sharply
But the pair will soon
Hit a horizontal resistance
Of 1.7860 and from there
We will be expecting a
Local bearish pullback
Sell!
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Check out other forecasts below too!
EURNZDSimple and Clean Buy Trade setup..
Expecting upside movement as per plan..
wait for BOS in LTF the Buy.
EMA CROSS CONFIRMATION WAIT FOR REJECTION OF EMA's....
#EURNZD Long opportunity Based on RBNZ on Wednesday, if the downtrend as depicted break up, you can set long positions. Sl: Below 1.75400
EURNZD My Opinion! SELL!
My dear friends,
Please, find my technical outlook for EURNZD below:
The price is coiling around a solid key level - 1.7780
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 1.7684
Safe Stop Loss - 1.7838
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
EUR/NZD UPDATE ON CURRENT PROFITSEUR/NZD 4H - As you can see here price has really played out well for us over the course of the last two weeks, I am still waiting for TP to be hit but once it is I will be preparing for shorts.
It is important we are patient with these longer term positions so we are able to make the most out of the trades themselves, as you can see price has really taken off over the course of the last 24 hours.
This trade is currently running + 296 pips. (+ 10%) 10RR
A big well done to anyone who jumped onboard of this trade when it was first sent out. Please ensure you are taking partials throughout your position and you are applying safety measures.
If you guys have any questions with regards to the analysis or the trade itself please drop me a message or comment below and I will get back to you as soon as possible.
Trade idea - EURNZD Long4H
Market was moving in Bull Flag formation.
3rd touch of trend line was aligning perfectly with the -68 Fibonacci.
Missed the early entry on this trade.
New opportunity now to get involved.
Bullish impulse: indication .
Pattern within pattern: confirmation.
Inverse Head & Shoulders, Bullish M.
Clear support & resistance zone is there.
1% risk
EURNZD SELLHi fellow traders, EURNZD is ready to make a move lower from the blue box after completing the flag correction. Target the 1.7218 level and move your stoploss to break even as soon as we reach the grey ‘Risk free zone’. Good luck and trade safe!
EURNZD - In Bearish TrendEURNZD is in bearish trend but to confirm that I had plotted ABCD Bullish Reversal Harmonic on the chart at 1D time frame. 1D time frame gave me a holistic view of the chart and at the moment the chart is going from point C to D. Now, I have changed the time frame to 1H and found the chart is in bearish trend with LHs and LLs. However, on smaller time frames (30m, 15m) the chart has a bullish divergence and that is why I have chosen a pending order of Sell Limit. My trade is on the basis of 1H time frame and there is still a long way to reach point D of 1D time frame ABCD, I have selected two TPs (TP1 & TP2 - two orders).
The Signal is:
EP:
SL:
TP1:
TP2:
RR: 2% (Total)
Lots: 0.45 x 2
EURNZD: Expecting Bullish Movement! Here is Why:
The recent price action on the EURNZD pair was keeping me on the fence, however, my bias is slowly but surely changing into the bullish one and I think we will see the price go up.
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