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EURNZD

EURNZD posted a daily bearish engulfing.EURNZD - Intraday The bearish engulfing candle on the daily chart is negative for sentiment. The trend of lower highs is located at 1.8345. We look for a temporary move higher. We are trading at overbought extremes. Bearish divergence is expected to cap gains. We look to Sell at 1.8343 (stop at 1.8393) Our profit targets will be 1.8223 and 1.8193 Resistance: 1.8220 / 1.8280 / 1.8330 Support: 1.8170 / 1.8125 / 1.8100 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
EURNZD Fails To Hold Above 1.8293 Daily LevelSimilar to my EURAUD post, I see downside potential in the EURNZD pair as well. I plotted upper and lower boundaries of this daily range based on last week's prices. Earlier today, price sold off, crossing back below the 1.88293 lower level. Not only is this signalling that price is unable to hold back within the range, the bearish candle is also an engulfing bar. It signals toady's close is so strong that it took out two days worth of gains. In my short term forecast, I think downside pressure is due to form.
Short
by FinancialGamblR
2
EURNZD should be looking at more upside to come! **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
Long
by Shadowing_The_Big_Boys
EURNZD Is Bearish! Short! Here is our detailed technical review for EURNZD. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 1.828. Considering the today's price action, probabilities will be high to see a movement to 1.818. 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
7
EURNZD 20/8/23EURNZD has become one of our main pairs after we back tested over 12months of PA and had increased returns, now we follow this pair on a daily basis! super simple sell range here so we are going to go for a short at our POI if we meet our entry requirements, NOW as we have such a large range we are using a confirm entry to get the best idea of price dropping or leading us higher. cons are good for this range, liquidity, POI high volume, bank zone at our POI and overall clean break of the last range. **KEY NOTE** Jackson hole meetings this week that always shake up the markets so please keep an eye on that event! Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
by PipSurfingSociety