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Eurnzdanalysis

EURNZD Technical Analysis & Trade IdeaThe #EURNZD pair displays a clear bearish bias on the higher timeframe, with a recent decisive break of market structure highlighting a downward shift in price action. This breakdown, marked by lower highs and lower lows, suggests a potential continuation of this bearish momentum. Traders may find an attractive opportunity near the 61.8% Fibonacci retracement level, where a short entry could be considered. If price action revisits this level, it's suggested to place a stop-loss order above the recent swing high. Target previous lows for potential profit-taking. It's crucial to remember that market analysis and trading carry inherent risks. Before entering any trades, always conduct your own comprehensive research, factoring in fundamental drivers and global economic events alongside your technical assessment. Employ prudent risk management strategies to protect your capital. Disclaimer: The information provided here offers a technical perspective on the EURNZD pair. It does not constitute investment advice. Trading decisions should be based on your individual risk tolerance, thorough market analysis, and careful consideration of all relevant factors.
Short
by fxtraderanthony
EurNzd- 1000 pips drop higes on 1.75 (Long term view)After reaching a high around the 1.85 zone, FX:EURNZD initiated a correction that eventually settled near the 1.75 zone. Throughout the end of October and all of November last year, the pair formed a lower high around the 1.82 zone. Subsequently, following the formation of a double top pattern, the pair breached below the neckline and the rising long-term trend line, ultimately revisiting the 1.75 zone. In December, there was a retest of the broken trend line, and after another examination of the 1.75 level, the pair experienced a rise. However, this time, it encountered significant resistance at the crucial confluence level of 1.79 before retracing back to 1.75 once more. Taken together, these movements suggest mounting selling pressure and long-term distribution in the market. Considering these cumulative factors, it's plausible to infer that the pair may be poised for a substantial decline. A drop of 1000 pips doesn't seem out of the realm of possibility, given the current setup and historical patterns. The confluence of technical indicators and price behavior underscores the potential for a significant downturn in the pair's value. Thus, traders may find it prudent to closely monitor these developments for potential trading opportunities aligned with the anticipated downward movement.
Short
by Mihai_Iacob
2
EURNZD Long Term Buying Buying IdeaHello Traders In This Chart EURNZD HOURLY Forex Forecast By FOREX PLANET today EURNZD analysis 👆 🟢This Chart includes_ (EURNZD market update) 🟢What is The Next Opportunity on EURNZD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexPlanet20
EURNZD Technical Analysis and Trade IdeaThe EURNZD pair exhibits clear bearish momentum. The current retracement to the 50% Fibonacci level presents a possible sell opportunity. Trend: EURNZD demonstrates a well-defined downtrend. Retracement: The price action is likely experiencing a corrective retracement before renewed selling pressure. Fibonacci Confluence: The 50%-61.8% Fibonacci level is our optimal entry zone. Trade Idea Direction: Short Entry: Upon bearish candlestick confirmation near the 50% Fibonacci level. Target: 1.74840 Stop Loss: Place the stop loss above the recent swing high to manage risk. Important Disclaimer The provided analysis serves as a technical perspective and should not be misconstrued as direct investment advice. Please conduct comprehensive independent research and employ robust risk management strategies before committing to any trades.
Short
by fxtraderanthony
EUR/ NZD !! Trendline DOWN !! SELL now ⭐️ Smart investment, Strong finance ⭐️ Personal comments NOVA: The price range is following a DOWN trend, touching the trendline along with the resistance area, suitable for a SELL signal ⭐️ SET UP PRICE: 🔥SELL EUR/ NZD zone: 1.76630 - 1.76800 SL 1.77130 TP1: 1.76330 TP2: 1.76000 TP3: 1/75700 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
Short
by Nova-Scalper
8
EURNZD I Bearish flag on weekly and potential continuationWelcome 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
3
EURNZD: 2 HR Big bullish move expected! EURNZD in Wyckoff Method, we can confirm that price is in verge of big bullish move of 400 pips at least. If you look through the chart carefully, we have given reason for each move that EURNZD made in last few weeks. This idea has highest possibility of the trade. Though we need to take sell side liquidity into the consideration if price decide to push down to take out the liquidity and fill the void area, we should not be shocked if it does. So please keep that into the consideration while taking buy entry on this pair. Euro can be extremely bullish in coming days, and this will likely to have effect on most of the euro pairs, same goes to EURUSD. Please do like and comment if you agree with the idea. It will gives us encouragement. ❤️
Long
by Setupsfx_
9