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Eurnzdanalysis

EURNZD Long Currency Pair: EURNZD Overview: EURNZD is currently experiencing a rebound from the higher low area of the uptrend line on the weekly chart, indicating a potential buying opportunity. Technical Analysis: In the 4-hour timeframe, EURNZD has successfully broken the horizontal resistance area. A Cup and Handle bullish pattern has formed on the 1 Hour time frame. 📉 Expectations: Anticipate the pair to re-test key support levels as highlighted in the attached chart. 📊 Trading Strategy: This trade is based on a combination of technical analysis and candlestick patterns. It's a long-term position, so ensure sufficient margin to manage market fluctuations. Implement proper risk management in line with your account size. 🚦 Trading Rules: 1️⃣ Rule 1: If the trade does NOT surpass our entry-level (GREEN LINE ON THE CHART), Do not enter the trade. 2️⃣ Rule 2: When the market hits Target 1, consider closing some positions or move your STOP LOSS to ENTRY price for safe trading. 3️⃣ Rule 3: After reaching Target 1, avoid placing new trades based on the same signal/alert. 4️⃣ Rule 4: If the market consolidates for more than 2 days, close the trade and patiently wait for the next favorable trading opportunity.
Long
by Pro-Trading-Africa
1
7 Dimension Analysis For EURNZD Yearly 🕛 TOPDOWN Analysis Yearly: A multi-year bearish structure persists, notably mitigated after the 2020 liquidity. The current chart suggests a potential trend shift. Monthly: The market induces a significant move, establishing a proper internal structure with clear mitigations. The last two candles exhibit pronounced long wicks, rejecting from previous long wick order blocks. Weekly: A well-defined weekly internal bearish structure is in place. 😇 7 Dimension Analysis Time Frame: H4 1️⃣ Swing Structure: Bearish 🟢 Structure Behavior: Break of Structure (BoS) 🟢 Swing Move: Impulsive move is intact after a proper BoS, with a pre-breakout buildup near support levels. It's advisable to monitor any support breakouts for potential sell entries. 🟢 Inducement: Done 🟢 Pullback: Completed with a proper liquidity sweep 🟢 Internal Structure: Sideways 🟢 Decisional OB: Mitigated; waiting for support breakout due to observed volatility spikes and a massive supply at the decisional OB area. Distribution is evident in the same area for the third time. 🟢 Time Frame Confluence: Daily and H4 2️⃣ Pattern 🟢 CHART PATTERNS: Reversal - Rounding Patterns, Triple Bottom (waiting for failure). Consolidation Rectangle - A strong consolidation range; waiting for support breakout. Continuation. 🟢 CANDLE PATTERNS: Massive consolidation range; avoiding candlestick patterns in a sideways market. 3️⃣ Volume 🟢 Fixed Range: According to it, in this bearish volume, 🟢 Volume on Breakout: Awaiting this 🟢 Volume during Consolidation: Not as needed so high chance market continue its fall moves 4️⃣ Momentum RSI 🟢 Zone: Bearish to strict sideways 🟢 Range Shift: Bearish to sideways; intact from many sessions, indicating a lack of bullish power to break this range. 🟢 Divergence: Some bullish divergences observed, but not strong enough to manipulate the market. 5️⃣ Volatility Bollinger Bands 🟢 Middle Band: Price is under the middle band. 🟢 Contraction: A long and strong contraction; breakout will be crucial for this move. 🟢 Headfake: A very clear headfake, suggesting a potential sharp downward move in the coming sessions. 6️⃣ Strength According to ROC 🟢 Values: EUR 3.47 vs. 7.20, clearly showing the strength of NZD. 7️⃣ Sentiment ✔️ Entry Time Frame: H4 ✅ Entry TF Structure: Bearish ☑️ Current Move: Sideways; waiting for breakout ✔ Support Base: Previous swing low is support ☑️ Candles Behavior: Bears' candles appear stronger than bullish. 💡 Decision: Sell at the support line breakout 🚀 Entry: 1.7382 ✋ Stop Loss: 1.7602 🎯 Take Profit: 1.6758, 2nd Exit if Internal Structure changes, also Exit 3rd Trendline Breakout, FOMO. 😊 Risk to Reward Ratio: 1:3 🕛 Expected Duration: 15 days SUMMARY: The analysis reveals a persistent bearish stance with indications of potential bearish continuation. Monitoring support breakout for sell entries is advised, considering the observed volatility and supply factors. The decision emphasizes waiting for the right breakout conditions.
Short
by Optimum369
4
EURNZD I In Consolidation But Here's What to Look ForWelcome 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
7 Dimension Trade Idea For EURNZD 😇 7 Dimension Analysis Time Frame: H4 1️⃣ Swing Structure: Bearish 🟢 Structure Behavior: Break of Structure (BoS) 🟢 Swing Move: Impulsive 🟢 Inducement: Liquidity sweep and start impulse 🟢 Pull Back: 1 🟢 Internal Structure: Bearish 🟢 Decisional OB: Mitigated and gave a proper reaction Support Resistance Breakout/CIP: Playing a major role 🟢 Traps: False Breakout, considering the continuation, Shakeout 🟢 Time Frame Confluence: Daily 2️⃣ Pattern 🟢 CHART PATTERNS: Consolidation Gramophone Breakout, Shakeout Continuation Done 🟢 CANDLE PATTERNS: Long wick: at CIP area bearish, Momentum: many bearish candles appeared here, 3️⃣ Volume 🟢 A substantial volume observed during the consolidation phase, and also good at the breakout, meaning bears have full control of this pair 4️⃣ Momentum RSI 🟢 Zone: Bearish to sideways consolidation 5️⃣ Volatility Bollinger Bands 🟢 Middle band: Price Around here 🟢 Price is fully contracted in this point, volatility is compressed 6️⃣ Strength According to ROC 🟢 Values: 3.33 vs 7.04, NZD is much stronger than EUR 7️⃣ Sentiment: A small sell entry ✔️ Entry Time Frame: H1 ✅ Entry TF Structure: Bearish ☑️ Current move: Impulsive ✔ Resistance Base: Trend line resistance ☑️ Candles Behavior: Momentum ☑️ FIB Trigger event: Done ☑️ Trend line breakout: Done 💡 Decision: Sell right at the opening 🚀 Entry: 1.7498 ✋ Stop Loss: 1.7555 🎯 Take Profit: 1.7305 2nd If Internal Structure changes also Exit 3rd Trendline Breakout, Fomo 😊 Risk to Reward Ratio: 3.3 🕛 Expected Duration: 3 days SUMMARY: The analysis indicates a bearish stance with a well-defined structure and pattern confluence. Volume and momentum align with the bearish bias. The decision is to sell at the opening with specified levels for entry, stop loss, and take profit, considering potential internal structure changes and trendline breakouts.
Short
by Optimum369
EURUSD Looking BullishThe 4-hour support level has consistently demonstrated its reliability, as evidenced by several occurrences of notable price surges originating from this point. This pattern reinforces the likelihood of a substantial upward movement in the near future. It is advisable to closely monitor the charts for confirmation and updates. Looking specifically at EURNZD, the currency pair has currently reached a strong support level, suggesting the possibility of a significant rebound in its value. Traders and investors should pay careful attention to developments in this context.
Long
by HUMCRYPTOCLUB
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.
Short
by Mihai_Iacob
4
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.
Long
by YourLazyTrader
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.
Short
by TheFxAce
13