EURNZD trade ideas
EURNZD, a lot of supportive trendlines, expect upsideIdea No : 14
10 out of last 13 ideas were successful & 3 still running, let's talk about 14th
we have previously shared 2 ideas on EURNZD and both were spot on, please check the related ideas
this idea is no different to those as we still see further upsides in the pair
as you can see there are a bunch of supportive new trendlines formed so it is highly like that we follow the green arrow sooner rather than later
let's see...
EURNZD respecting previous trendlineIdea No : 09
EURNZD showing respect to our previous trendline from which we took long positions before and was profitable (please related idea for reference)
given that we have USD CPI in 13 hours from now followed by FOMC later on, this could mean we may see stronger US dollar before news events
so expect a bull run in the direction of our green arrow in the next few trading sessions
EURNZD BULLISHEURNZD recently broke above a bearish trendline on h4 and currently testing it from above
expect a bull run soon towards the arrow indicated
#EURNZD trading scenariosA short position would be considered if the price fails to break above the bearish trendline.
A long position would be initiated if the price could break above the bearish trendline and change the structure towards bullish.
The trading scenario with the line arrow has a higher possibility of occurring.
Confirmations for the shorting scenario:
Price below important intraday EMAs.
Price testing an important trendline.
Price seems like has completed the wave a and b and its going to complete the wave-c.
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EUR/NZD has a strong bearish momentum, could it fall further?Price is rising towards the pivot which has been identified as an overlap resistance and could reverse to the pullback support.
Pivot: 1.7552
1st Support: 1.7395
1st Resistance: 1.7634
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EURNZD 1D Idea- The EURNZD is poised for an initial target of 1.76000, with favourable buying opportunities from 1.72540
EURNZD Trading Opportunity! BUY!
My dear friends,
EURNZD looks like it will make a good move, and here are the details:
The market is trading on 1.7429 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 1.7466
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
EUR/NZD BULLS ARE GAINING STRENGTH|LONG
Hello,Friends!
Bullish trend on EUR/NZD, defined by the green colour of the last week candle combined with the fact the pair is oversold based on the BB lower band proximity, makes me expect a bullish rebound from the support line below and a retest of the local target above at 1.753.
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Eurnzd PullbackHit strong daily resistance and on the 30 min we got a retest of a double bottom. Targeting .5 fib for pullback and possible continuation to the downside
EURNZD: Important Bearish Pattern Formed.I spotted a strong bearish pattern on the EURNZD pair on a short-term time frame.
The pair has formed a descending triangle pattern and has broken below its horizontal neckline.
The broken neckline and trend line now form a contracting supply zone, suggesting a potential bearish movement. Targets for this movement are set at 1.7436 and 1.7400.
EUR/NZD For Bearish after finish pull-back waveyou can go short now and take any target
- General Trend is Down
- Price finish for creating lower high at red arrow
have fun :)
EURNZD | 2H SETUPThe market is clearly attempting a recovery in this price structure with the i-BoS.
If the price returns to the institutional support just below between 1.745 and 1.740, it would be interesting to consider the possibility of a rebound or a rise.
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EURNZD Trading Signal: SellDirection: Sell
Enter Price: 1.7478
Take Profit: 1.74365667
Stop Loss: 1.75520667
We have identified a short-selling opportunity on the EURNZD currency pair based on a detailed analysis enabled by the EASY Quantum Ai strategy. Here are the key reasons behind this forecast:
1. Technical Analysis: Our algorithms have detected a bearish pattern formation in recent price movements, indicative of a potential decline. The Relative Strength Index (RSI) is also showing overbought conditions, providing further evidence that a downward correction is imminent.
2. Fundamental Factors: Recent economic reports from the Eurozone have shown weaker-than-expected performance, including a disappointing GDP growth rate and lower industrial production figures. Conversely, New Zealand has exhibited more robust economic indicators, adding downward pressure on the EURNZD pair.
3. Market Sentiment: Traders' sentiment has shifted towards risk aversion, with a preference for safe-haven assets. This shift typically strengthens the New Zealand Dollar (NZD) against the Euro (EUR).
Based on these factors, we recommend entering a short position at 1.7478. Set your Take Profit at 1.74365667 to capitalize on the anticipated move, and place a Stop Loss at 1.75520667 to mitigate potential risks.
Stay tuned for further updates and manage your trades accordingly. Happy trading!
Trade Signal: EURNZD - BUYDirection: Buy
Enter Price: 1.752
Take Profit: 1.75514
Stop Loss: 1.74717
Traders, we have a compelling opportunity to go long on the EURNZD currency pair. Based on the sophisticated analysis from our EASY Quantum Ai strategy, we foresee a bullish movement for the following reasons:
1. Technical Analysis: The EURNZD pair has demonstrated strong support around the 1.752 level. Historical price data indicates that this level has consistently acted as a reliable entry point for upward movement.
2. Momentum Indicators: Key momentum indicators, such as the RSI and MACD, are showing bullish signals. The RSI is above the 50 mark, suggesting that the buying pressure is dominating.
3. Economic Factors: Positive economic outlook for the Eurozone, along with stable economic conditions, supports stronger demand for the Euro against the New Zealand Dollar.
4. Risk Management: A Stop Loss is set at 1.74717, safeguarding against unfavorable market turns, while a Take Profit at 1.75514 ensures a well-balanced risk-reward ratio.
We recommend entering the position at 1.752 with the aforementioned Stop Loss and Take Profit levels.
Happy Trading!
eurnzd approaching sell areawaiting for a push into 1.81500 area for a selling opportunity. target area will be towards 1.70. bearish catalyst could be the March CPI next week
eurnzd analysis elliot. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
eurnzd analysis elliot. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
EURNZD Technical Analysis and Trade Idea into the NY OpenThe EURNZD currency pair has been experiencing a strong downtrend. Notably, there have been consistent and clean price swings, except for a spike on Friday. I’m currently seeking an opportunity to short the market based on specific criteria related to price action. In the video, we analyze the trend, market structure, and price action, discussing two potential entry methods: using a limit sell order or manually trading on a lower timeframe. It’s essential to note that the content in the video is for educational purposes only and should not be considered financial advice1. 📉💶🇳🇿
EURNZD ShortDaily Bias bearish
Fundamental align EUR Bear NZD Bull
Price Action,
Price retrace back into fibo level 61.8% with confluence with H4 horizontal Level. Price formed a strong rejection bearish candle and closed below H1 swing low. Price also broken short term bullish trendline.
Set Short trade at broken support level with target the next Daily swing low with R:R 1:5 SL above last swing high
EURNZD Short! 20/5/2024EURNZD Short!
SL - 1.80848
TP - 1.74764
Weekly break support 1.77993.
Daily still ranging, i expect take some time to moving down to TP.
EUR/NZD BULLS ARE STRONG HERE|LONG
Hello,Friends!
Previous week’s red candle means that for us the EUR/NZD pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 1.762.
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