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Euro / New Zealand Dollar

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EURNZD trade ideas

EUR/NZD Long Setup – Buy Near 0.8290, Target 0.8440EUR/NZD is currently trading near a key support zone around 0.8290, aligning with a strong demand area and potential Fibonacci retracement level. The pair has shown signs of exhaustion on the downside, with buyers stepping in to defend this level. Fundamentally, the Euro remains supported by a stable economic outlook, while the New Zealand Dollar faces pressure due to risk-off sentiment and dovish RBNZ expectations. Technically, the 0.8290 level is a confluence of previous support and a potential reversal zone, making it a favorable entry point. If the pair sustains above this level, we anticipate a bullish move towards the 0.8440 resistance zone, where previous price action suggests profit-taking may occur. Trade Setup: 📍 Entry: Buy near 0.8290 🎯 Target: 0.8440 📉 Stop-loss: Below 0.8250 (adjust based on risk appetite) A break above 0.8340 could add further bullish momentum, confirming the reversal. Monitor price action closely for confirmations like bullish candlestick patterns or trendline breakouts. Risk Disclaimer: Always manage risk appropriately and use stop-loss orders. This is not financial advice—conduct your own analysis before trading.
Long
by justforfreelauncing
"EUR/NZD: Support Zone Watch for Bullish Move"🔹Key Overview: The EUR/NZD pair is currently trading near a strong support area around the 1.8170 – 1.8200 zone, which has previously acted as a significant demand level. The price has tested this region multiple times, indicating a potential bullish reversal if buyers step in. 🔹Support & Resistance Levels: - Support Zone: 1.8170 – 1.8200 (Key buying area) - Resistance Levels: - Immediate Resistance: 1.8277 (Recent price level) - Major Target: 1.8493 (Target area from historical highs) ▪️Moving Averages & Trend Outlook: - The 50-period EMA (red) is sloping downward, indicating short-term bearish pressure. - The 200-period EMA (blue) is above the price, acting as dynamic resistance. - If the price holds above the support zone, it could push toward 1.8330 - 1.8493 in the coming sessions. ▪️Trading Outlook: - A bounce from the strong support zone could initiate a bullish move targeting the 1.8493 level. - A break below 1.8170 could invalidate the bullish setup, leading to further downside. - Confirmation of a reversal (e.g., bullish candlestick formations) would strengthen a long trade bias. 🔹Conclusion: The EUR/NZD pair remains in a key decision zone. A bullish reversal from the support area could provide a strong upward move, while a breakdown may extend losses. Traders should watch for confirmation signals before entering positions. 😊Don't Forget To Hit The Like Button & Share Your Ideas In Comments.
Long
by SOAM_PRO_TRADER
Ascending Channel on EURNZD, Potential Bullish ContinuationTechnical analysis involves studying price action and identifying patterns that provide insights into potential future movements. One common pattern is the ascending channel, where price consistently makes higher highs and higher lows within two parallel trendlines. This pattern suggests an ongoing uptrend as buyers remain in control. On the EURNZD daily chart, price is currently rebounding from the lower boundary of an ascending channel, marked by multiple previous bounces (blue arrows). The upper boundary has acted as resistance (red arrows), leading to price pullbacks each time it was tested. Key Levels: Support Zone: 1.8150 – 1.8100 (Lower boundary of the channel) Immediate Resistance: 1.8400 – 1.8500 (Mid-channel and previous price congestion area) Major Resistance: 1.8800 – 1.9000 (Upper boundary of the channel) Trading Plan: Potential Entry & Stop-Loss Strategy Entry Strategy: Aggressive Entry: Buy near 1.8150 – 1.8200 (current support) with confirmation of bullish candlestick formation (e.g., bullish engulfing, pin bar). Conservative Entry: Wait for price to reclaim 1.8300 – 1.8350 as confirmation of bullish momentum. Stop-Loss Placement: Below the recent low at 1.8100, allowing room for volatility. Take Profit Targets: First Target (Short-Term): 1.8400 – 1.8500 (mid-channel resistance). Final Target (Medium-Term): 1.8800 – 1.9000 (upper channel boundary). Risk Management & Considerations If price breaks below 1.8100, this would invalidate the ascending channel setup, signaling a possible trend reversal. Watch for confirmation signals like increased volume and strong bullish momentum before entering a trade. If price rejects mid-channel resistance, consider adjusting stop-loss to breakeven and securing partial profits. Overall, this setup presents a bullish opportunity with a well-defined risk-to-reward ratio as long as price respects the lower boundary of the ascending channel.
Long
by DNP-FX
7
EURNZD AnalysisEURNZD Analysis The EURNZD pair is currently in a bearish trend on the daily time frame, making it a favorable candidate for short positions. Notably, on the 4-hour chart, the pair has broken out of a sideways rectangle pattern, retested the breakout level, and is now expected to move lower toward the next structural support level. This price action reinforces the bearish momentum and suggests further downside potential. In my view, the bearish outlook for EURNZD is well-supported by the confirmed breakout and retest of the rectangle pattern, coupled with the broader downtrend on the daily chart. However, it is crucial to monitor how the price behaves around the next support level. A decisive break below this level would likely confirm the continuation of the downtrend, while a rejection or consolidation could signal a temporary pause or reversal. What are your thoughts on this analysis? Are there any additional factors or levels you believe should be considered?
Short
by sirkamal
EURNZD Is Bearish! Sell! Please, check our technical outlook for EURNZD. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 1.819. Considering the today's price action, probabilities will be high to see a movement to 1.806. 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
EURNZD - Sell Opportunity After Support BreakOANDA:EURNZD has broken below a key support zone and is now retesting it, which may act as new resistance, aligning with a potential bearish continuation. If sellers confirm resistance at this level, the price is likely to move downward toward the 1.80600 level, which represents a logical target for this setup. Conversely, a failure to hold resistance could suggest a potential bullish shift. Traders should monitor for bearish confirmation signals, such as bearish engulfing candles or increased selling volume, before considering short positions. Let me know your thoughts or any additional insights you might have!
Short
by DanieIM
EURNZD 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
Long
by ForexMasters2000
EURNZD is in the Buy direction after forming Triple Bottom Hello 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
Long
by ForexMasters2000
1
#EURNZD 4HEURNZD (4H Timeframe) Analysis Market Structure: The price is forming a flag pattern, which is generally considered a continuation pattern. This indicates that the market is in a temporary consolidation phase before potentially resuming its previous upward trend. Forecast: A buy opportunity may arise if the price breaks above the flag resistance, confirming bullish momentum. Key Levels to Watch: - Entry Zone: A buy position can be considered after a confirmed breakout above the flag pattern. - Risk Management: - Stop Loss: Placed below the recent swing low to minimize risk. - Take Profit: Target key resistance zones based on previous price action. Market Sentiment: The flag pattern suggests that the market is pausing before continuing its upward movement. Waiting for a breakout confirmation will help validate the trade setup.
Long
by PIPSFIGHTER
3
EURNZD - Buy Setup at key ZoneOANDA:EURNZD is currently in a significant support zone, which has times before been a turning point for bullish moves. The recent bearish pressure brings the price into this critical area once again, creating a potential buying opportunity. If bullish signals emerge, such as strong buying volume or bullish candlestick patterns, I expect the price to move toward 1,83700. However, a break below this support would invalidate the bullish bias and could lead to further declines. Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management. Best of luck!
Long
by TrendDiva