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Euro / New Zealand Dollar

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EURNZD trade ideas

EURNZD Double Top Formation Signals Potential Short OpportunityThe EURNZD currency pair has recently formed a classic double top pattern at a significant supply area, signaling a potential reversal. This double top aligns with broader Forex seasonality trends, reinforcing the likelihood of a downward movement. The confluence of these technical and seasonal factors suggests that the current levels may offer an attractive entry point for short positions. Traders observing this setup on a daily timeframe may find it an opportune moment to capitalize on the anticipated bearish trend. As the pair tests the supply zone for the second time, we are closely monitoring the price action for signs of a sustained reversal. With the added weight of seasonal analysis, this short position aligns with a broader strategy of trading in harmony with established market cycles. We are considering a short position on EURNZD, targeting potential downside as the pair responds to the resistance offered by the supply area and the natural seasonality patterns in the Forex market. ✅ Please share your thoughts about EUR/NZD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Short
by FOREXN1
1
eurnzd sell tradeHere’s a bearish technical analysis for the EUR/NZD on the H4 (4-hour) timeframe: Trend Analysis: The pair has been showing signs of a potential downtrend, with lower highs and lower lows forming on the chart. Moving Averages: The 50-period and 200-period moving averages are key indicators. If the 50-period MA crosses below the 200-period MA, it could signal a bearish trend (known as a “death cross”). Resistance Levels: Key resistance levels to watch are around 1.8315 and 1.8350. If the price fails to break above these levels, it could reinforce the bearish sentiment. Support Levels: Immediate support is around 1.8200. A break below this level could accelerate the bearish move towards 1.8100. Technical Indicators: Relative Strength Index (RSI): If the RSI is below 50 and trending downwards, it indicates bearish momentum. Moving Average Convergence Divergence (MACD): A bearish crossover (MACD line crossing below the signal line) supports the bearish outlook. Stochastic Oscillator: If the stochastic lines are in the overbought region and start to cross downwards, it suggests a potential bearish reversal. Candlestick Patterns: Look for bearish candlestick patterns such as the “bearish engulfing” or “evening star” near resistance levels to confirm bearish sentiment. Volume Analysis: Decreasing volume on upward moves and increasing volume on downward moves can confirm the bearish trend.
Short
by Mansa_Musa_Capital
Potential bullish rise?EUR/NZD has bounced off the support level which is a pullback support and could rise to our take profit. Entry: 1.81106 Why we like it: There is a pullback support level. Stop loss: 1.80301 Why we like it: There is a pullback support level. Take profit: 1.83458 Why we like it: There is a pullback resistance level which is slightly above the 38.2% Fibonacci retracement. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Long
by VantageMarkets
EURNZD Long Opportunity Overall Trend: The price is currently in an uptrend, but recent price action shows a significant pullback. Moving Averages: The 50-period Simple Moving Average (SMA) (red line) is above the current price, indicating short-term bearish momentum. The 200-period SMA (blue line) is below the current price, suggesting a longer-term bullish trend. Rising Channel: The price has been moving within a rising channel, but recently broke below the lower trend line, indicating potential further downside. Recent Pullback: After reaching a peak near 1.8650, the price has pulled back sharply.
Long
by Metow1sw
Bullish Bat Breakout: EURNZD Trade IdeaHello traders, I hope you're all doing well. Below is my analysis of the EURNZD pair and a detailed plan on how I intend to capitalize on this trading opportunity. 1. Pattern : Bullish Bat on EURNZD. 2. Completion : The pattern reaches completion at point D, which is approximately at 1.81178 on the chart. 3. PRZ Zone : The potential reversal zone for considering long positions, in anticipation of a bullish reversal, spans about 100 pips, ranging from 1.8185 to 1.80758. 4. Target Levels : Post-reversal, the targeted levels are T1 at 1.83131, T2 at 1.84192, T3 at 1.84952, and the extended target T4 at 1.86495. 5. Entry : I am looking to confirm a breakout above the 1.81849 price region upward, with solid market support for going long before entering the trade. 6. Invalidation : Should there be a break and a close below 1.80758, this would invalidate the pattern and the associated trade idea. This idea is potentially a 4RR trade idea if it goes as planned. I will appreciate your thoughts on this idea. Note: This is not a financial advice. Cheers and happy trading!
Long
by Samuel124
EURNZD Massive Short! SELL! My dear friends, Please, find my technical outlook for EURNZD below: The instrument tests an important psychological level 1.8503 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.8346 Recommended Stop Loss - 1.8623 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
EURNZD Still flying Bias Bullish Fundamental NZD is very weak. EUR reduce interest rate but not weakening as fast. Price Action Price retrace back into Daily SR level and formed a falling wedge pattern. Price break through the Daily & H1 SR and falling wedge pattern with a close. Price is bullish again with the higher tf bias. Confluence Daily & H1 SR level broke through upwards. Falling wedge also broken. Entry level and all 3 confluence point Setup Long entry at confluence H1 SR level. SL 2x ATR(20) TP next Daily SR level R:R 1:5.5
Long
by royschen07
EURNZD FLY ROCKET HIGH LONG TIMEBias Bullish Fundamental Analysis EUR is having resilient towards long side NZD is very weak now. Price Action: Price rejected from H4 SR level. The rejection broke through H1 bearish TL & H1 resistance level. The buyers have come back into the market. Long bias is high probability Confluence: Higher TF (W/D/H4) - H4 SR level Lower TF (H1/M30/M15) - Broken H1 Bearish TL & resistance level Set up: Long trade at Broken H1 SR level. SL 2x ATR(20) TP next Daily S/R level R:R 1:3
Long
by royschen07