EUR_NZDConsidering the arrival of static resistance and negative reaction to the midline of the channel, we can open a sell deal
EURNZD trade ideas
EURNZD SHORT IDEA EURNZD is printing higher highs and higher lows. But the RSI shows a bearish divergence, indicating the trend will move to the downside soon. so we can trade the short side. entry level mentions in the chart.
EURNZD: Critical Juncture & Potential Double Top ReversalThe EURNZD experienced a strong bullish rally, but it is now at a critical level. A double top reversal pattern accompanied by bearish divergence suggests a potential shift in trend. If the price breaks below the neckline, it will confirm bearish control, with the 1.82277 level being particularly significant.
EUR_NZD POTENTIAL SHORT|
✅EUR_NZD will be retesting a resistance level soon at 1.8464
From where I am expecting a bearish reaction
With the price going down but we need
To wait for a reversal pattern to form
Before entering the trade, so that we
Get a higher success probability of the trade
SHORT🔥
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EURNZD Resistance Zone TestConsidering that this currency has been on a bullish momentum, it is about to test a resistance zone, based on the higher timeframes (1D).
Let us wait for the price to retest the zone, so that we can come up with a clear entry position.
EUR/NZD Near Resistance: Pullback Expected!!Fundametnal Analysis:
OANDA:EURNZD New Zealand's higher interest rate of 5.5% is likely to attract more foreign investment compared to the Euro Area's 4.25%. Additionally, New Zealand's lower unemployment rate of 4.3% indicates a stronger labor market compared to the Euro Area's 6.4%. While the Euro Area benefits from a substantial trade surplus (EUR 13,888 million), New Zealand's positive trade balance (NZD 204 million) combined with higher interest rates and lower unemployment provide significant support for the NZD. Despite both regions facing economic challenges such as contracting manufacturing sectors and negative consumer confidence, the overall strength of the NZD is reinforced by these favorable economic conditions.
Technical Analysis :
OANDA:EURNZD pair is currently trading around 1.81500, close to the resistance level marked by the Previous Month High (PMH). The recent bullish trend has propelled the price from approximately 1.76232 to its current level. If the price fails to break above the resistance at 1.81126, a pullback is likely, with potential support at 1.79373 (TP1) and 1.78335 (TP2). A further decline could see the pair testing the lower support at 1.76232 (PML). Conversely, a sustained break above 1.81500 would indicate continued bullish strength. Traders should watch for reversal signals near the resistance level to identify potential short opportunities targeting the support levels.
Targets: 1.79373, 1.78335
EURNZD Loooong!Now that the price is retesting the 1.8 - 1.802 resistance zone, it might be converted to a support zone.
Entry position at 1.8085, target at 1.8325 and SL at 1.8
EURNZD SHORTWith prices reaching a valuable area to complete the third touch of the ascending channel, we will be looking for bearish momentum(entries on lower timeframes) with a confirmation of a high test candlestick closing on the daily.
EURNZD SELL IDEA Dear friend , my previous EURNZD idea over rule out.. then I recheck and see the previous high resistance of the market is what the pair is approaching,
Wait and watch once it touch the previous high... Shut with sell and make money ...
EURNZD SELL soon
EURNZD SHORT TRADEEURNZD SHORT TRADE
Entry point :- 1.81265
Stop lose :- 1.82640
Risk :- 0.50%
Target 1 :- 1.7989
Target 2 :- 1.7852
EURNZD Breakout or Fakeout?On the 1 hour timeframe, we had a break and hold below the ascending support. Let me know what you guys think... Do you think this is a bearish breakout or fakeout? Leave comments below.
SHORT BUY ON EURNZD IDEA
I marked the area that is potential for short bull for before the long sell to happen i using the fibo for the marked that zone
EURNZD Is Going Down! Sell!
Take a look at our analysis for EURNZD.
Time Frame: 45m
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 1.821.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.817 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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EUR/NZD Full Detailed Analysisthis pair has been rallying to the upside very strong without any retracement. right now it is standing at a very strong resistance area and on small timeframes we would see some nice bearish price action. u can enter a sell trade now and expect a very hard drop in the EUR/NZD Price .
#EURNZD Daily Next Possible Move #EURNZD Daily Next Possible Move wait For Confirmation ✍️👁
#EURNZD Next Target 1.84650
eurnzd analysis elliot Update. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
EURNZDI think I have all reasons to execute a buy order now and I will hold it as long as it still inside the channel.
EUR-NZD Locally Overbought! Sell!
Hello,Traders!
EUR-NZD is trading in an
Uptrend and the pair is
Locally overbought so
After it hits the horizontal
Resistance level of 1.8285
I will be expecting a
A local bearish correction
Sell!
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Check out other forecasts below too!
EURNZD Sells (Limit Order)EURNZD Sell-Off: Potential Resistance at 1.81220
Key Daily Resistance:
1.81220 coincides with a strong daily resistance level. Prices have a tendency to reverse course at these established levels.
Fibonacci Retracement:
This level aligns perfectly with the 61.8% Fibonacci retracement. The Fibonacci retracement is a popular tool used by traders to identify potential reversal points, and the 61.8% level is a particularly strong indicator of a possible reversal.
Entry: 1.81220
Stop: 1.81911
Profit: 1.78981
Risking 0.5% with a potential of 1.75% return.
EUR/NZD BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
EUR/NZD pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 2H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.805 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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