EUR/NZD SENDS CLEAR BEARISH SIGNALS|SHORT
Hello,Friends!
Previous week’s green candle means that for us the EUR/NZD pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 1.755.
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EURNZD
EURNZD Is Very Bearish! Short!
Here is our detailed technical review for EURNZD.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 1.768.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.762 level soon.
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.
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EurNzd- genuie break, finally?After the second drop from 1.82, EurNzd started a range trading and consolidation just above 1.75 important support.
Yesterday's rise above consolidation's resistance was, in fact, a false break, that came to test the recently broken trend line and, after this test, the pair fell strongly under 1.75.
The violence of the drop could indicate that a genuine break under support will follow and in such an instance, the pair could drop to the next important level at 1.7
Also, looking at the daily posted chart, there is a Double top pattern with the measured target of 700 pips.
I'm bearish on this pair as long as 1.77 is intact.
EUR/NZD 320 Pips long idea based on SupportDear traders and the Tradingview community. What I have for you is a nice set-up
in EUR/NZD which can give us more than 300 Pips worth of profit if this plays
out nicely.
From the chart, you can see that EUR/NZD is at a demand level.
1.75 remains unbroken, which is a positive sign for the bulls here.
As an aggressive trader, I have already bought EUR/NZD@1.75 with my target
at 1.79. If price dips again to the support level, you too can consider buying.
Nearly Time To SELL Again For Move To 1.70??This pair looks like it is starting to transition into a longer term downtrend with the formation of lower highs and higher lows on the weekly charts.
Last Month we seen a breakdown that was able to take out the October low at 1.75 and moved lower slightly creating the new low this is indicating that more HTF selling is on the cards and is why I will be looking to sell this pair.
But first here's I want to see price rise up towards and above 1.785 as this is firstly a nice liquidity zone created last month if you look at the daily chart below see how price crashed here last month. (image below)
Also located here is the 50% and 61.8% fib retracement levels from last Months near 800 pip drop 1.785 to 1.80 will be a really good area to look for selling opportunities for the next leg down.
I will be waiting for price to move up and above 1.78 and then looking for evidence of slowing of momentum on the lower timeframes once confirmed will then use my TRFX indicator to look for sell signals on timeframes from the 4hr to the Daily.
Targets for this position will be a new low possibly targeting 1.73 first which should draw some support before heading down towards 1.70.
Stop loss will be above 1.81 depending on where I get in the market.
Hope you enjoyed the read.
EURNZD: Expecting Bearish Continuation! Here is Why:
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the EURNZD pair price action which suggests a high likelihood of a coming move down.
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EURNZD Will Collapse! SELL!
My dear followers,
This is my opinion on the EURNZD next move:
The asset is approaching an important pivot point 1.7610
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 1.7548
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
[EUR/NZD] Idea of long position on EURNZDWe have right now a rejection on the daily level I have been watching for a while.
I wanted this level to hold for a potential long and here we have what I wanted so I am going to start to look for the good long entry point. I have for now this kind of entry but will see ... have to be flexible to take a big R/R trade (can take 2 stops max on this kind of position and then if it does work, I switch into another idea).
Will be updating if needed on the next days
Great Trade !
NZDCAD - Catch The Next Impulse! NZDCAD has been in a correction for almost a year and we might be at the start of the next big impulse.
We're expecting NZD strength so we can assume that NZDCAD has bottomed out.
Trade Idea:
- Watch for BOS, trendline break or reversal pattern on lower timeframe
- invalidation for this bullish scenario is below 0.794 so any entries will require a stop below that level
- Targets: 0.85 (500pips), 0.88 (800pips)
Goodluck and as always, trade safe!
EURNZDIs EURNZD getting fueled at strong support level?
As the price is been on strong sell side but now it seems like price is getting some bullish momentum after reaching at support level and bullish divergence suggesting the buying pressure is about to start.
If the bears took control , the 1st target could be 1.7875 followed by 1.8200.
What you guys think of it
✅EUR_NZD LOCAL LONG🚀
✅EUR_NZD is approaching a demand level of 1.7500
So according to our strategy
We will be looking for the signs of the reversal in the trend
To jump onto the bullish bandwagon just on time to get the best
Risk reward ratio for us
LONG🚀
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EurNzd- On a verge of an important breakThe past month and a half proved favorable for EUR/NZD bears as the pair not only broke below the double-top structure but also breached the ascending trend line that had kept prices elevated for over a year.
Currently, the pair is preparing for another significant downside break at the 1.75 psychological figure, which also represents a crucial horizontal level. Examining the anemic rebound observed on Monday and yesterday, it is my opinion that this level is likely to be breached as well, potentially leading to a substantial drop in the pair's value.
The most obvious target in this scenario is the next significant level at 1.7, keeping in mind the interim support at 1.72.
Diagonal Done,3Waves Corrective! Wave (B) Can Be Sideway??Hello there!
I am a big fan of the Elliott Wave Principle, which is very interesting and useful for analyzing the market. I have developed my analytical approach by combining the principle with my personal experience and considering various scenarios that may occur in the market.
Although I want to share my analysis with you, I want to emphasize that I do not provide buy or sell signals. My main intention is to share my unbiased analysis so that you can use it as a guide to make informed decisions.
To build your confidence in my analysis, I always share my previous analysis of the same market so that you can compare and see the progress. All the details of my analysis are clearly labeled, which should make it easy for you to understand.
I hope that my analysis will be helpful in your trading journey and wish you all the best.
Sincerely,
EURNZD: One More Bullish Confirmation 🇪🇺🇳🇿
As I predicted yesterday, EURNZD nicely bounced from a key daily support.
Analyzing a price action on a 4H time frame now, we may spot one more bullish pattern.
This time the pair formed a double bottom formation.
Its neckline was broken after a release of RBA interest rate decision.
I believe that the pair may go higher.
Next resistance: 1.7695
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EURNZD H4 | Potential Bullish reversal?Price could bounce off from our buy entry at 1.7509, which is a multi-swing low support level. Our stop loss is at 1.7399, which is a swing low support level. Take profit is at 1.7626, which is a pullback resistance level.
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EUR/NZD SENDS CLEAR BULLISH SIGNALS|LONG
Hello,Friends!
EUR/NZD pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 5H timeframe the pair is going down too. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 1.779 area.
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EURNZD Is Going Up! Buy!
Take a look at our analysis for EURNZD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 1.751.
Considering the today's price action, probabilities will be high to see a movement to 1.764.
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 Potential DownsidesHey Traders, in today's trading session we are monitoring EURNZD for a selling opportunity around 1.75400 zone, EURNZD was trading in an uptrend and successfully managed to break it out. Currently we are waiting for a correction in order to see a potential retrace of the trend towards more lows.
Trade safe, Joe.
EURNZD I Double top soon to be completed and bounce from demandWelcome back! Let me know your thoughts in the comments!
** EURNZD Analysis - Listen to video!
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