EUR/NZD Long FROM SupportHello 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 trade ideas
EUR/NZD SHORT FROM RESISTANCE
Hello, Friends!
EUR/NZD pair is in the downtrend because previous week’s candle is red, while the price is clearly rising on the 2H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.768 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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Overlap resistance ahead?EUR/NZD is rising towards the pivot which has been identified as an overlap resistance and could reverse to the 1st support.
Pivot: 1.77963
1st Support: 1.76667
1st Resistance: 1.79086
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EURNZD Will Go Up! Buy!
Here is our detailed technical review for EURNZD.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 1.760.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.774 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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Bullish reversal?EUR/NZD is falling towards the support level which is an overlap support that is aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.76128
Why we like it:
There is an overlap resistance level that is slightly above the 61.8% Fibonacci retracement.
Stop loss: 1.74918
Why we like it:
There is an overlap resistance level.
Take profit: 1.77991
Why we like it:
There is an overlap support that lines up with the 50% Fibonacci retracement.
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EURNZD: Bullish Reversal Coming?!The 📈EURNZD chart on a 4-hour time frame formed an inverted head and shoulders pattern.
The neckline of the pattern was a horizontal resistance level that was broken yesterday, with a 4-hour candle closing above it, now act as support.
I anticipate an upward trend with a target of 1.7753.
EURNZD - SELL IDEALast Week price pushed lower with nice intent.
4H structures bearish and price is now making a correction to the upside.
There are some liquidity created resting right below a stacked area of 4h + 1h imbalance,
Waiting for price to swept those equal highs and react from the imbalance.
My target might be some daily equal lows that are in line with 4H structure point.
EURNZDRange Breakout: The pair has been trading within a range, and the breakout from this range signals potential bullish momentum. A breakout indicates that the price is ready to move out of its consolidation phase, with buyers now in control.
Trendline Breakout: The price breaking above a key trendline further confirms a shift from a bearish or neutral market sentiment to a more bullish one. This is a strong signal that upward momentum is building.
RSI Bullish Divergence: The Relative Strength Index (RSI) indicates a bullish divergence, meaning while the price was making lower lows within the range or downtrend, the RSI was making higher lows. This suggests that selling momentum is weakening, and buyers are starting to gain strength.
EURNZD - A Top-Down Tutorial (ICT)In this video I go through how I perform a top-down analysis and zone in on exactly where I am in price action in order to source for the next high-probability trade. IF there is none, then we stay out until more clues are provided. We DO NOT want to chase price and get in on consolidative and manipulative price action. We want to be hunters, not sheep.
- R2F
Rise After Resistance Breakout or Drop to 1.7670 SupportAfter breaking the falling resistance line, EUR/NZD is likely to rise and may hit all targets. However, if it doesn't break through, the pair could drop to the 1.7660 support level. From there, we expect it to bounce back and go up again. This means it's important to watch the resistance level closely, as it will affect the pair's next move. A successful breakout could open up buying opportunities, while a drop to support might provide a good entry point for buyers.
EURNZD Maintains Bearish TrendJust a simple TA using conventional wave length projections. This pair wasn't able to hold onto the 78.6% fib pullback level so now I anticipate this pair first retesting around the 1.74 handle. Following the retest I would expect a natural bounce from profit taking and buyers heading into the market, but then I can foresee this pair breaking support heading towards the 1.7170 area in the days ahead.
How to trade this you ask?
First wait for bullish action, then follow the bullish candles on a small timeframe (5 or 15min) then wait for the bullish momentum to stall out for the best entry on the sell side.
That's it - That's all
Trade Safe
EUR/NZD Long FROM SupportHello 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
EN bias to short,likewise for GNHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Both eurnzd and gbpnzd should be seeing more downside, had shorted since last week..this week shall continue unless something else happened :)
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
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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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