EURNZD D1 demand in control EURNZD tested our zone and the 4h supply mentioned in the previous post took the price to a lower low.
Will the demand zone even lower be tested?
We shall see. Big news on the euro this week.
NZDEUR trade ideas
EURNZDBUY on the theory markets ranges 70% of the time, and BUY on the theory markets retraces HALF of the previous leg 90% of the time. Entry and invalid lines for 1h TF.
EURNZD 450 pips projectionLooking at the Daily timeframe, we can see that price is in a big Triangle pattern and it's about to test the Bullish trend line. Upon touching the trend line, wait for a clean Bullish Daily candle to close for confirmation, then swing all the way up to the top of the triangle. Let me know what u think in the comment section.
EURNZD long, i have been waiting ..Ok so this beaut has me really excited for this level, lets see what will come of it and if my analysis is correct in conjunction with a new software i have been using
EURNZD: Waiting For Breakout to Sell 🇪🇺🇳🇿
EURNZD is trading in a bearish trend on a daily.
Currently, the price is testing a key horizontal support.
Its breakout will be an important bearish signal for us.
A daily candle close below 1.762 will confirm the violation.
A bearish continuation will be expected at least to 1.7555 then.
❤️Please, support my work with like, thank you!❤️
EURNZD LONGThis is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any
EURNZDLooking for a Buy opportunity in EN.
Reason to buy: Price is in Over sell area. so there will be a pushback before it go for more short.
Otherwise price will go till the Last support area of EN where I marked it, then it will go up to the Resistance zone which I marked in box.
Use proper risk management.
Thank you
6/2/2024 SELL EUR / NZD 23 - 33 PIPS 1 DAY FXCLLC TRADER - NORMAN SPENCER
SELL 1 HR CHART
EUR/NZD @ 1.76567 target 1.76329 (23 pips) 1.76231 in sight (33 pips)
Fib retraction .236 and well below the 50,100 and 200 EMA on the daily chart
STOP LOSS .76645
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EurNzd going down but I looking for reversalAs you see on chart nice short after harmonic, still price can go a bit more down and I lokking for reversal...
eurnzd. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
EURNZD Potential DownsidesHey Traders, in today's trading session we are monitoring EURNZD for a selling opportunity around 1.76900 zone, EURNZD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.76900 support and resistance area.
Trade safe, Joe.
EURNZD LONGThis is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any
EURNZD Continuing Bearish TrendEURNZD has a bearish bias and has retraced to the 0.618 to 0.75 zone on 15 minute TF. Anticipating to move towards the previous Lower Low.
EURNZD SHORTThis is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any
EURNZD: Classic Day TradeEURNZD shows signs of a bullish trend after testing a significant intraday support level.
There is a clear breach of a resistance line in a descending channel and a breakout of a neckline in a cup and handle pattern.
This suggests that we can anticipate an upward movement in the near future, with target levels at 1.7759-1.7820.
EURNZD SHORTThis is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any
EURNZD bullish ideaA bullish idea, retracement from the bullish move, channel is going upwards.
Fundamentals that I am not 100% sure.
Good luck!
EURNZD Is Bullish! Buy!
Please, check our technical outlook for EURNZD.
Time Frame: 7h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 1.765.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.774 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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EURNZD 4H *). Price Reaching the Support Level of 1.76270: When the price approaches a key support level, like 1.76270, it signifies an important potential trading opportunity. Support levels are price points where historically, the asset has had difficulty falling below, as buying interest tends to outweigh selling pressure. When the price nears this level, traders watch closely for potential signals:
1) Bounce Off Support: If the price touches 1.76270 and rebounds, it may indicate a continuation of the current trend or a reversal back upwards. This could be seen as a buying opportunity with a stop-loss just below the support level.
2) Breakthrough Support: If the price falls through 1.76270, it might signal further downside, suggesting a selling opportunity or a signal to exit long positions. This breach may lead to increased selling pressure and a move to the next support.
3) Observing the volume during these movements can provide additional confirmation. High volume on a bounce back up indicates strong buying interest, whereas high volume on a break below support suggests strong selling pressure.
*). Trend Line Breakout on 4H Time Frame: A trend line breakout on the 4-hour (4H) time frame is a significant technical event indicating a potential shift in the market trend. Trend lines are drawn to connect successive higher lows in an uptrend or lower highs in a downtrend, helping traders visualize the direction and strength of the trend. A breakout occurs when the price moves decisively above or below this line.
1) Bullish Breakout: If the price breaks above a descending trend line, it suggests a potential reversal from a downtrend to an uptrend. This can be a strong buy signal, especially if accompanied by increasing volume. Traders might enter long positions, anticipating further upward movement.
2) Bearish Breakout: If the price breaks below an ascending trend line, it indicates a potential reversal from an uptrend to a downtrend. This can be a sell signal, prompting traders to take short positions or exit long positions in expectation of further decline.
The 4-hour time frame provides a balance between shorter-term volatility and longer-term trends, making it a preferred chart for many swing traders. To enhance the reliability of the breakout signal, traders often look for confirmation through other indicators, such as moving averages, the Relative Strength Index (RSI), or MACD (Moving Average Convergence Divergence). Good Luck 🤞🤞🤞
EURNZD - LONGEUR NZD is currently in up trend after printing divergence,
long entry is recommended on current rate.
BUY AT 0.382EURNZD Is looking strong and eur is more stronger than the nzd so place a buy order at 0.382
EURNZD Market DecisionFor this pair, the price indicates a dilemna momentum.
According to the longer timeframes, a falling flag pattern is formed, which might be a strong indication of a bullish momentum. As for now, a head and shoulder pattern has been formed, and when the support line breaks, it might be a strong bearish momentum. Let us wait and see how it will turn out.
