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New Zealand Dollar/Euro

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NZDEUR trade ideas

EURNZD to break to the upside?EURNZD - 24h expiry Daily signals are mildly bullish. Dips continue to attract buyers. 1.7966 has been pivotal. A break of the recent high at 1.7966 should result in a further move higher. We are trading at overbought extremes. We look to Buy a break of 1.7971 (stop at 1.7931) Our profit targets will be 1.8071 and 1.8091 Resistance: 1.7947 / 1.7966 / 1.8000 Support: 1.7925 / 1.7880 / 1.7842 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.
Long
by OANDA
EURNZD: Will be extremely bullish next week| Forex| Setupsfx_|FX:EURNZD expected to reject from current key level and continue the bullish trend. However, there is a risk involved as price may drop between the marked two blue lines and rebound strongly from that region. Although, there is another possibility is that price can create AB=CD pattern and if it does follow that route then price can touch our second blue line and rebound from there. So it is better to have our options clear. Good luck and trade safe.
Long
by Setupsfx_
3
EURNZD @ SELLING, Breakdown the upward trend (READ CAPTIONS)📉 🚀 EURNZD Market Update: Bearish Momentum with Technical Targets 🎯💼 Forex Traders, key insights on EURNZD: OANDA:EURNZD 📉 Trend Breakdown: EURNZD has experienced a breakdown from its upward trend, marked by a strong bearish candle. This move indicates a potential shift in market sentiment towards the downside. 🔄 Retracement and Support: After breaking down, the pair has found temporary support and is now retracing to the trendline. This retracement is crucial for confirming the bearish continuation. 📊 Golden Crossover in Smaller Timeframe: Despite typically being a bullish signal, the golden crossover of the 200EMA and 50EMA in the smaller timeframe needs careful interpretation in the context of the overall bearish trend setup. 🔊 Volume Increase on Selling Side: There has been a noticeable increase in volume on the selling side, reinforcing the strength of the bearish momentum and supporting the potential for further declines. 🎯 Technical Target: We are aiming for a technical target at 1.7620, following the completion of the retracement. This level is identified based on recent price action and expected areas of significant support/resistance. 📈 Trading Strategy: Maintain your trades with a focus on the bearish setup. Monitor the retracement carefully; a continuation of the bearish momentum after touching the trendline could offer additional entry opportunities or reinforce current positions. Stay vigilant and manage your positions with appropriate risk management techniques to capitalize on this downward trajectory. Let’s make the most of the bearish setup in EURNZD! 📉💼 #EURNZD #ForexTrading #MarketAnalysis
Short
by TrendLogic1
1
EURNZD in a bear flag.EURNZD - 24h expiry Price action is forming a bearish flag which has a bias to break to the downside. Trend line resistance is located at 1.7960. Rallies should be capped by yesterday's high. We look for a temporary move higher. Risk/Reward would be poor to call a sell from current levels. We look to Sell at 1.7950 (stop at 1.8000) Our profit targets will be 1.7830 and 1.7800 Resistance: 1.7926 / 1.7966 / 1.8000 Support: 1.7886 / 1.7842 / 1.7800 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
1
Technical Analysis: Potential Selling Opportunity on EURNZDTechnical Analysis: Potential Selling Opportunity on EURNZD Dear fellow traders, I would like to share a detailed analysis that has identified a potential selling opportunity on the EURNZD pair, based on careful technical analysis. Here are the details: Overview: Pair: EURNZD Timeframe: H1 (1-hour chart) Technical Context: Following a sharp downward movement, EURNZD found support at a key area and established a lateral consolidation. Recently, we observed two false breakouts of this consolidation, which attempted to push higher but lacked strength, quickly reversing back to a selling bias, indicating a scenario known as a "Bull trap". Indicators Used: LTA Breakout: Price broke below an upward trend line (LTA) within the consolidation, confirming weakness among buyers and strength among sellers. Price Patterns: The "Bull trap" pattern following the previous breakouts suggests a potential short-term reversal to the downside. Profit Targets: Target 1: 1.7875 - First significant support level. Target 2: 1.7845 - Second relevant support level for a possible continuation of the downtrend. Max Profit: 1.7790 - Key area where I expect the selling to reach its maximum potential. Risk Management: I am closely monitoring price action and will adjust the stop-loss as needed to protect potential profits and manage risk responsibly during the trade. Conclusion: Based on the technical analysis and identified price patterns, I am considering a selling position on EURNZD. Please note that this analysis is for educational purposes and does not constitute financial advice. I recommend conducting your own analysis before making trading decisions. I am available for discussions and clarifications in the comments. Wishing everyone success in their trading endeavors. Best regards, Italo Olini Tribo de Traders
Short
by ItaloOlini