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EURNZD

Buy EURNZD Bullish ChannelThe EUR/NZD pair on the M30 timeframe presents a potential buying opportunity due to the presence of a well-defined bullish channel pattern. This pattern suggests ongoing buying pressure and a higher likelihood of further gains in the coming hours. Key Points: Buy Entry: Consider entering a long position (buying) above the broken resistance level of the channel, ideally around 1.8000 after confirmation of the breakout. Target Levels: Initial bullish targets lie at the previous resistance levels within the channel, now acting as potential support zones: 1.8142: This represents the first level of resistance within the channel. 1.8195: This is a further extension of the upside target, based on the height of the recent price movement before the breakout. Stop-Loss: To manage risk, place a stop-loss order below the broken resistance line of the channel, ideally around 1.7980. This helps limit potential losses if the price unexpectedly reverses and breaks back downwards. Thank you
Long
by KABHI_TA_TRADING
3
EUR/NZD: Preparing for Bullish Continuation Amid Fundamental DriThe EUR/NZD pair remains ensconced within a bullish trajectory, exhibiting resilience even amidst the ebb and flow of market dynamics. As traders observe the pair's current consolidation phase, characterized by a potential pullback to the 38.2% Fibonacci level, anticipation builds around pivotal events that could catalyze its next bullish impulse. The EUR/NZD pair's bullish trend persists, with recent price action indicating a temporary pause in momentum as the pair consolidates near key levels. A potential pullback to the 38.2% Fibonacci retracement from the last swing low presents an opportunity for the pair to gather momentum for its next leg upwards. This technical setup suggests a continuation of the prevailing bullish trend, pending confirmation from fundamental drivers. Fundamental Outlook: Two critical events loom large on the horizon, each poised to exert significant influence on the EUR/NZD pair's trajectory. Firstly, the Reserve Bank of New Zealand (RBNZ) monetary policy meeting on Wednesday is anticipated to maintain cash rates at 5.5%, underscoring the necessity for continued restraint to combat inflation. The RBNZ's steadfast commitment to restrictive policies, coupled with concerns surrounding record immigration, could shape market sentiments and impact the NZD's performance. Secondly, all eyes will be on the release of the United States Consumer Price Index (CPI) data for March, scheduled for the same day. Traders should brace themselves for potential market volatility following the CPI data release, as it could offer insights into inflationary pressures and prompt shifts in investor sentiment. The EUR/NZD pair's negative correlation with the EUR/USD suggests that any significant movement in the latter could reverberate across the forex market, influencing the pair's direction. Trading Strategy: In anticipation of a potential continuation of the bullish trend, traders may position themselves accordingly, with a focus on long opportunities. Monitoring price action around the 38.2% Fibonacci level and key support zones can offer valuable entry points for bullish positions. However, it's imperative to remain vigilant and adapt to evolving market conditions, particularly in response to the RBNZ meeting and US CPI data release. Furthermore, implementing robust risk management strategies, such as setting stop-loss orders and adhering to position sizing principles, can help mitigate downside risks and protect capital in the event of adverse price movements. In conclusion, the EUR/NZD pair's bullish outlook remains intact, underpinned by both technical and fundamental factors. By staying attuned to key events and adopting a disciplined trading approach, traders can position themselves to capitalize on potential bullish continuation opportunities while navigating the inherent uncertainties of the forex market. As always, prudence and adaptability are essential virtues for success in trading.
Long
by FOREXN1
1
EURNZD to find buyers at previous swing high?EURNZD - 24h expiry Short term bias has turned positive. Posted a Double Bottom formation. Offers ample risk/reward to buy at the market. Daily signals are bullish. Previous resistance at 1.7970 now becomes support. We look to Buy at 1.7975 (stop at 1.7939) Our profit targets will be 1.8065 and 1.8095 Resistance: 1.8000 / 1.8045 / 1.8090 Support: 1.7978 / 1.7955 / 1.7920 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 Go Down! Short! Here is our detailed technical review for EURNZD. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 1.802. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.792 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
EURNZD - Keep It Simple 📊Hello TradingView Family / Fellow Traders, On Daily: Left Chart EURNZD has been hovering inside a big range and it is currently approaching the upper bound of the range acting as a resistance zone. On 1H: Right Chart 📈 For the bears to take over, we need a momentum candle close below the neckline highlighted in gray. 📉 Meanwhile, EURNZD would be bullish short-term and can still trade higher inside the daily resistance. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
Short
by TheSignalyst
1
EURNZD - Follow The Flow 🌊Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 EURNZD has been overall bearish, trading within the falling channel in red. Currently, EURNZD is approaching the upper bound of the channel acting as a non-horizontal resistance. Moreover, it is retesting the upper bound of the short-term channel in blue. 🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the red and blue trendlines. 📚 As per my trading style: As #EURNZD approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
4
EURNZD Sellers In Panic! BUY! My dear followers, I analysed this chart on EURNZD and concluded the following: The market is trading on 1.7915 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 1.7975 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
New Entry Here In EUR/NZD Don’t Miss ItThe price is moving in decent nice waves . The last wave was a great success after the price broke the stubborn support we entered a sell trade together u can check that in related ideas. Now the price is creating a new wave and i think the retracement is over. Using my Fib tool, i figured out that the prices hit 71% fib level and for me it is the right time to enter a sell trade. The trade is available now with its all details. Enjoy and make great profits.
Short
by Forex_Wealth_Factory
Falling towards an overlap support, could it reverse?EURNZD is falling towards a support level which is an overlap support level which aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit Entry: 1.78560 Why we like it: There is an overlap support level which aligns with the 50% Fibonacci retracement. Stop loss: 1.77389 Why we like it: There is an overlap support level which aligns with the 78.6% Fibonacci retracement Take profit: 1.79608 Why we like it: There is a pullback resistance level 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.
Short
by VantageMarkets
1