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EURNZD trade ideas

EURNZD Forecast: A Bullish Outlook Ahead!As we analyze the EURNZD currency pair, the market signals a clear direction for a bullish stance. The recommended entry price is set at 1.83898. With the market sentiment currently favoring the Euro over the New Zealand dollar, this presents a solid opportunity for traders looking to capitalize on potential upside movements. The rationale behind this bullish outlook is rooted in the fundamentals. Recent economic indicators suggest a strengthening Eurozone economy, characterized by robust employment data and increasing consumer confidence. Conversely, the RBNZ's dovish stance raises concerns over NZD's future performance, suggesting that the Kiwi may struggle to keep pace. Our Take Profit target is positioned at 1.84279333, which provides a favorable risk-to-reward ratio. The Stop Loss is strategically set at 1.83330333 to protect against unexpected reversals. Adhering to the EASY Trading AI strategy gives traders the confidence to navigate these market fluctuations effectively. In conclusion, this trade setup not only aligns with current market trends but is also fortified by sound economic analysis. Happy trading!
Long
by ForexRobotEasy
EURNZD Developing in a Large Range Trading Movement -UpdateEURNZD Developing in a Large Range Trading Movement -Update EURNZD is currently developing a significant range trading movement. The price has been oscillating between 1.7500 and 1.8500 for about 600 days, with a trading range of nearly 1000 pips, which is quite substantial. EURNZD has reached the top of the structure again, and it appears that the bearish trend may resume, as it has in the past. The price may not move immediately, but it is already in a critical zone. Support zones on the way down are located near 1.8250, 1.8090, 1.7830, and 1.7500. ✅Our previous analysis remains valid. The price has reacted and is now down nearly 100 pips. While it needs to develop further, and this process may take some time, the initial price reaction appears promising. 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❤️
Short
by KlejdiCuni
5
Bullish bounce?EUR/NZD is falling towards the pivot which is an overlap support and could bouncer to the 1st resistance. Pivot: 1.8271 1st Support: 1.81566 1st Resistance: 1.84096 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
EURNZD MARKET ANALYSIS AND PRICE PREDICTION EURNZD, has finished consolidating at the Institutional renegotiation zone, decision has been taken in favor of the Bears, there is a reorder already. Price has changed direction with a shift candle and left an imbalance. Price has retraced to fill up that imbalance and the Bears have a perfect entry now at 61:8% Premium price. First Take profit is the first unmitigated bullish order block, second take profit is the second unmitigated bullish order block and third take profit is the renegotiation support to sweep off the sell side liquidity. Entry , Stop Loss, Take Profit 1,2&3 are well marked out on the chat. GOOD LUCK GUYS!
Short
by Akpambang
Potential bearish drop?EUR/NZD has reacted off the pivot which is a pullback resistance and could drop to the 1st support which acts as a pullback support. Pivot: 1.84169 1st Support: 1.82679 1st Resistance: 1.85339 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
Falling towards 38.2% Fibonacci support?EUR/NZD is falling towards the support level which is an overlap support that aligns with the 38.2% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.83820 Why we like it: There is an overlap support level that lines up with the 38.2% Fibonacci retracement. Stop loss: 1.83155 Why we like it: There is a pullback support level. Take profit: 1.84759 Why we like it: There is an overlap resistance level that is slightly below the 78.6% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
EURNZD - Potential Rejection at ResistanceThe EURNZD pair is approaching a significant resistance zone marked by prior price rejections. This area aligns with a key supply zone, and the market structure hints at a potential reversal. The overall context suggests that sellers may take control at this level, leading to a downward move. I anticipate that if the price shows a clear rejection from the resistance zone, the market may head lower toward the 1.83200 support level. This setup aligns with the idea of trend exhaustion near resistance. if you agree with this analysis or have any additional insights, feel free to share your thoughts in the comments!
Short
by DanieIM
EURNZD to find resistance at previous support?EURNZD - 24h expiry Short term bias has turned negative. We are trading at overbought extremes. Preferred trade is to sell into rallies. Risk/Reward would be poor to call a sell from current levels. 50 4hour EMA is at 1.8398. Previous support at 1.8400 now becomes resistance. We look to Sell at 1.8389 (stop at 1.8445) Our profit targets will be 1.8249 and 1.8229 Resistance: 1.8384 / 1.8400 / 1.8450 Support: 1.8320 / 1.8280 / 1.8250 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
EUR/NZD 4H Timeframe AnalysisEUR/NZD 4H Timeframe Analysis Trend Analysis: On the 4-hour timeframe, EUR/NZD is in an uptrend, creating higher highs and higher lows. The pair recently broke a minor key resistance at 1.83800, followed by a pullback that created a minor liquidity zone. As the price resumed its upward momentum, it broke another minor resistance level, signaling increased buyer interest. However, as buyers pushed the price toward the next minor resistance level, a double top formation emerged, indicating a potential reversal. This reversal has resulted in the price losing bullish momentum and breaking down, liquidating stop-loss orders placed by buyers in the liquidity zones below. Price Action Expectation: At present, the price has retraced below the previous minor resistance at 1.83800, which now serves as a key level to watch. A break above this level is necessary to confirm renewed bullish momentum. Fundamental Correlation: The upcoming release of Germany’s Prelim CPI m/m, with a previous figure of -0.2% and a forecast of 0.3%, will likely influence the Euro's strength. Better-than-expected CPI (above 0.3%): This would indicate rising inflation in Germany, potentially increasing the likelihood of further monetary tightening by the European Central Bank (ECB). A stronger Euro could provide upward momentum for EUR/NZD, aligning with the technical bullish scenario of breaking above 1.83800. Worse-than-expected CPI (below 0.3%): A lower-than-forecast CPI could weaken the Euro, as it reduces the likelihood of immediate hawkish actions by the ECB. This could cause EUR/NZD to remain under the 1.83800 resistance or even retest lower liquidity zones. Trade Setup: Trade Type: Buy Stop (Breakout Trade) Entry Price: 1.83990 (confirmation of a break above minor resistance) Stop Loss: 1.82770 (below the liquidity zone to protect against false breakouts) Take Profit: 1.86520 (aligned with the next significant resistance level) Conclusion: EUR/NZD is positioned for a potential bullish continuation if it breaks above the 1.83800 resistance. However, the direction could also depend on the outcome of the German Prelim CPI release. Traders should be prepared for heightened volatility around the news and adjust positions based on price action following the announcement. Risk Management: Ensure disciplined risk management with a 1:2 risk-to-reward ratio. Keep position sizes aligned with account equity and monitor real-time price reactions to the news event to validate or invalidate the setup.
Long
by RebornFXTrader