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Euro / New Zealand Dollar

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EURNZD trade ideas

EURNZD Will Go Lower From Resistance! Sell! Take a look at our analysis for EURNZD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 1.818. The above observations make me that the market will inevitably achieve 1.803 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
Lingrid | EURNZD short after FAKE BreakoutThe price perfectly fulfilled my last idea. It hit the target level. FX:EURNZD experienced a sharp decline from the resistance zone at 1.81500 and subsequently pulled back to retest this level. The price made a significant move from this area, and I believe it may decline again, as it is currently testing last week's high. I expect the market could form a false breakout and then making downward move toward the channel border . My goal is support zone around 1.80400 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
1
Trade Update On EURNZDThe price has recently pulled back to the daily Area of Interest (AOI), creating a potential opportunity for trading. I am currently on the lookout for a Sign of a Shift Of Structure(SOS) on the 30-minute and 1-hour chart, which would indicate a bullish momentum shift. Once I observe this signal, my next step will be to wait for a pullback to a previous structure point, as this can serve as confirmation for the trade setup. Overall, the trade is progressing in a favorable direction. Additionally, it's worth noting that there is significant economic news scheduled for release tomorrow at 8:30 AM ET, specifically regarding USD pairs. This news has the potential to influence the Euro as well, so it's crucial to keep this in mind as we approach that timeframe. Above all, I want to emphasize the importance of patience in trading. It's essential to avoid rushing into positions; successful trading is about waiting for clear confirmation before making any entries, rather than acting on impulse.
Long
by SmartCharts_