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EURNZD

EURNZD Is Bearish! Sell! Take a look at our analysis for EURNZD. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 1.774. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 1.767 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
EURNZD I Impulse correction phase short opportunityWelcome back! Let me know your thoughts in the comments! ** EURNZD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
2
EURNZD → Day Analysis | BUY SetupHello Traders, here is the full analysis. Price reversal going up, levels for BUY . ! Great BUY opportunity EURNZD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Long
by TheGrove
1
EUR/NZD SHORT from 1.7580We have an M-Top formation at an area of resistance and over the last few hours this overbought pair has been unwinding. The neckline of the M-Top has been broken and the MACD crossed south some hours ago and although there are headwinds that may hold up EUR/NZD BEARS, the technicals suggest that we should be headed for 1.7534 as a minimun initial target. On H4 we can see that the 200 EMA has been a formidable barrier to EURNZD BULLS and this level has been tested 3 times and prevented price from moving higher. The RSI on H4 was also o.b. but this is now reading 61 and dropping. The Andean Oscillator sees the green BUY line heading south over the signal line and the red SELL line is rising. This looks like a certain move south but the concern would be the 50 EMA 100 EMA and 200 EMA on H1 all of which now stand in the way of the BEARS. This trade will have to be closely observed and if it looks like EUR/NZ BULLS are getting a second win then the position will have to be closed. STOP currently is at 43 pips (1.7621) which is the recent high. This is a hard STOP so if we move back north this trade will have to be closed. Target is initially 1.7535 but if price makes its way down there then the position would have to be re-evaluated.
by forextraplaces
EURNZD Set To Fall! SELL! My dear subscribers, EURNZD looks like it will make a good move, and here are the details: The market is trading on 1.7586 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 1.7527 About Used Indicators: The average true range ATR plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
EURNZD Is Going Up! Buy! Here is our detailed technical review for EURNZD. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 1.749. Considering the today's price action, probabilities will be high to see a movement to 1.761. 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!
Long
by SignalProvider
1
Analyzing EUR/NZD: Sell Opportunity on the Horizon In the realm of forex trading, seizing the right opportunities is crucial for success. Today, let's delve into the EUR/NZD pair, examining recent conditions and potential avenues for profit. External liquidity has been a significant factor influencing market dynamics lately, and its impact on EUR/NZD cannot be overlooked. With the recent shift in external liquidity conditions, a unique scenario has emerged, creating a favorable setup for traders. The concept of SIBI (Sell in Buyable, Ignore in Sellable) comes into play here. This principle suggests selling when external liquidity is withdrawn, indicating potential downward pressure on the currency pair. In such situations, it's prudent to adopt a short-selling strategy. Currently, I'm inclined towards a bearish outlook on EUR/NZD. Several factors contribute to this sentiment: 1. **External Liquidity Conditions**: As mentioned, the withdrawal of external liquidity serves as a catalyst for downward movement. Traders should monitor this closely and act accordingly. 2. **Technical Analysis**: Analyzing the charts reveals patterns and trends that support a bearish stance. Key indicators such as moving averages, RSI, and MACD may signal an impending downtrend. 3. **Fundamental Factors**: Consider the fundamental landscape, including economic data, central bank policies, and geopolitical events. Any developments favoring the New Zealand dollar over the Euro could further tilt the balance in favor of selling EUR/NZD. In light of these factors, it's essential to approach the market with a clear and disciplined strategy. Here's how to capitalize on the sell opportunity while keeping risks in check: 1. **Short Entry**: Look for an optimal entry point to initiate a short position on EUR/NZD. This could coincide with technical signals or fundamental developments aligning with the bearish bias. 2. **Risk Management**: Implement robust risk management practices to mitigate potential losses. Set stop-loss orders at strategic levels to limit downside exposure while allowing room for market fluctuations. 3. **Profit Targets**: Identify profit targets based on key support levels or technical indicators. Consider scaling out of positions as the trade progresses to lock in gains and minimize risk. 4. **Monitoring and Adjustments**: Stay vigilant and adapt to evolving market conditions. Continuously monitor external factors and adjust your trading strategy accordingly to optimize outcomes. In conclusion, the current environment presents a compelling opportunity to sell EUR/NZD. By adhering to a structured approach and leveraging market insights, traders can position themselves for success in the forex market. Remember, discipline and patience are key virtues in navigating the complexities of currency trading.
Short
by Asif_Brain_Waves
EURNZD - The Trend is your Friend 📉Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 EURNZD has been overall bearish, trading within the falling channel in red. At present, EURNZD is undergoing a correction phase and it is currently approaching the upper red trendline acting as a non-horizontal resistance. Moreover, it is retesting a strong resistance zone marked in green. 🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper red trendline. 📚 As per my trading style: As #EURNZD approaches the red circle zone, I will be looking for bearish reversal setups (like a top bottom 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
2