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EURNZD

EURNZD H4 | Bounce off overlap supportEUR/NZD is falling towards an overlap support and could potentially reverse off this level to bounce higher. Buy entry is at 1.80752 which is an overlap support that aligns with the 78.6% Fibonacci projection level. Stop loss is at 1.80000 which is a level that sits under the 100.0% Fibonacci projection level. Take profit is at 1.82605 which is a swing-low resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by FXCM
2
EURNZD ShortLooking at EURNZD for a short on a potential correction. The pair have been trading strong to current supply zone. Often after a strong impuls, a strong correction takes place. But strong impulses can also hold momentum and continue. So that is something to keep in mind and an eye on. Overall the pair is pretty much trading at a relative premium level, but definitely not at its highest premium. The weekly closed as a massive doji and local the price seems to form a double top. Monday and Tuesday there is quite some news, so I'll let that play out and see how price builds its structure and maybe trade the price back for a retest of the 1.7940 range.
Short
by GoldvalleyCap
1
BluetonaFX - EURNZD Head & Shoulders SHORT IdeaHi Traders! EURNZD has a potential head-and-shoulders pattern forming on the 1D chart, and there are opportunities for short entries to lead to a possible neckline break. Price Action 📊 Recent lower market swings with lower highs and lower lows, and the market is about to break back below the 20 EMA. We are looking for bearish momentum to fully complete the right shoulder and lead to a break and close below the neckline. Fundamental Analysis 📰 The NZD has found strength and bounced off session lows due to the parliamentary elections, as the country voted for a change in parliament. Support 📉 1.75127: NECKLINE Resistance 📈 1.78600: PREVIOUS DAY'S HIGH Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
5