EURNZ BEARSChoCh! Direction change to downtrend. The high broke the low in a 4 hour chart. Price currently retracing to the supply zone before the downward movement. Equal highs (Red arrows) to be swept.
EURNZD trade ideas
EUR/NZD Bearish Trend Expected After Double Top RejectionEUR/NZD is expected to enter a bearish trend after rejecting and forming a double top at the 1.80200 level. With the rate cut expected today, this bearish move could drop to 1.78520 without much resistance. Keep an eye on the RSI overbought/oversold zones for potential corrections along the way.
SELL EURNZD - trade explained in detail Trader Tom, a technical analyst with over 15 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button.
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eurnzd shortDowntrend: The pair has been forming lower highs and lower lows, indicating a potential downtrend1.
Moving Averages
50-period and 200-period Moving Averages: The price is currently below both the 50-period and 200-period moving averages, which is a bearish signal1.
Key Levels
Chart Patterns
Double Top Formation: A double top pattern has formed, which is a classic bearish reversal signal1.
Indicators
Relative Strength Index (RSI): The RSI is trending downwards, indicating weakening momentum2.
MACD: The MACD line is below the signal line, reinforcing the bearish outlook2.
Conclusion
Given the current technical indicators and chart patterns, the EUR/NZD pair is showing signs of a bearish trend on the H4 chart.
EURNZD 11 Sep. 2024Helllllllo my dear Friends !
We have EURNZD here and my strategy tells me that it can rise again from the highlighted price level !
So , I'm ready for taking the trade and try my chance !
EURNZD - Short TradeOn Tuesday (manipulation day) price swept the previous week high (PWH) with a great sign of weakness: a market structure break (MSB).
Also, a good confluence for me is a MACD divergence on the 4H timeframe (when price made a higher high, but indicator show us also sign of weakness by not making a higher high in histogram).
As a target, I prefer the opposite key level - 4H demand zone
I'm excited to see your opinion in the comments, and I'd like it if you could boost this idea if it was helpful for you!
EURNZD swing trade this is 4hr EN , BPR below , daily FVG respected , 4hr FVG , we have now seen a sweep of the lows a clear purge on liquidity followed with a bos to the upside we are looking to enter off 67% of the range , clear demand in discounted price
EURNZD SELLPrice rejected Daily resistance area
1.80000 with a Head And Shoulders
patern. Entry of the retest of the neckline.
EUR/NZD Ready To Sell After 4H Closure To Get 200 Pips !If we have a good 4h bearish closure below this res we can sell this pair , and to be more sure you can wait for daily closure to get the best confirmation.
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
EURNZD ShortPossible swing trade
There was a change in character, and price created a new low. Price then retraced to the equilibrium zone and tapped the FVG. Possible 3 pin pattern formation happening. For aggressive trades, one can enter now as i have done but for conservative traders, wait for D candle close then enter tomorrow.
EURNZD ShortPrice has ran into resistance at the 1.8000 level. Also Have bearish divergence on H1 TF. If price breaks and close below 1.79137. I'll be looking to add a second entry on a retest of that level
EURNZD Awaiting Directional BreakoutEURNZD Awaiting Directional Breakout
Technical Analysis:
The EURNZD pair is currently consolidating within a triangle pattern. Typically, this pattern suggests a bullish movement, but the current situation presents a more complex scenario.
Bullish Scenario:
A breakout above the triangle pattern would confirm a bullish trend, potentially pushing EURNZD higher towards 1.8020 and 1.8075.
Bearish Scenario:
Conversely, a breakdown below the triangle pattern would confirm a bearish trend, potentially driving EURNZD lower to 1.7830 and 1.7760.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Lingrid | EURNZD bearish MOMENTUM on the DAILY. Short The price perfectly fulfilled my last idea. FX:EURNZD made a significant nosedive on the daily timeframe but has since pulled back after bouncing off a support level. This pullback resulted in a 50% retracement, with rejection candles appearing on the daily chart. Currently, the price is testing the psychological level of 1.8000, and it's evident that the market is moving sideways just below this level, indicating that bears are beginning to show downward pressure. Given this setup, I anticipate a potential fake breakout or a price squeeze at the resistance, which could then lead to a subsequent bearish move. My target is support level at 1.77800
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
EURNZD BULLSCurrently in an uptrend. Previous low broke structure, retracing on the demand zone for bullish strength. Buy-side liquidity ( red arrows ). TP 3 1.8014
EURNZD Possible SELL?The market is currently testing the current daily fib area.I'm anticipating for a sell should the current level hold.
Based on price action, the market is showing a reversal chart pattern on the 4HR TF.
Let's see how this will play out
Disclaimer:
Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account.
High-Risk Warning
Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
EURNZD Short We approached one of the key value area around 1.80200 - price tapped into it and rejected in both 1H and 4H TMF. After some rejection price started to develop a Head and shoulder structure, retesting the back end of the left shoulder and the previous low. It rejected that area 4 times on the 15m, which increased the likelihood of a strong resistance for bearish pressure.
Trade has a lot of room for short with the first real inflection point at 1.79200 and then a big gap till the bigger hold at 1.78200.
Buy EURNZD Bullish ChannelThe EUR/NZD pair on the M30 timeframe presents a potential Buying opportunity due to a recent formation of well-defined channel pattern. This suggests a shift in momentum towards the Upside in the coming Hours.
Key Points:
Buy Entry: Consider entering a Long position around the current price of 1.7975, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.8084
2nd Support – 1.8145
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
Bearish reversal?EUR/NZD is rising towards the pivot which acts as a pullback resistance and could drop to the 1st support which has been identified as a pullback support.
Pivot: 1.80689
1st Support: 1.78283
1st Resistance: 1.82383
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EUR/NZD Approaching 1.8000 After Strong Bullish Move from 1.7650The EUR/NZD currency pair is going up, moving from 1.7650 and getting close to 1.8000. This rise shows that the Euro is gaining strength against the New Zealand Dollar. If the trend continues, it might break through the 1.8000 level, leading to more gains. Keep an eye on the market to see if this upward trend continues.
EURNZD BULL SETUP
EURNZD short time buy setup created. If your analysis matches it take a trade otherwise skip the trade
EUR/NZD Long FROM SupportHello Traders
In This Chart EURNZD 4 HOURLY Forex Forecast By FOREX PLANET
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