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Eurnzd!!

EURNZD Elliott Wave Analysis: Bearish momentumHello traders, Trust you are good. Please find below my Elliott wave analysis of EURNZD. You can refer to this chart to understand the underlining story. Following significant bearish pressure through an impulsive wave representing wave (A) of wave Y, the price corrected upward from 1.73935 to 1.76526. This corrective wave typically retraces between 38.20% and 61.80% of the previous wave length. The emergence of reversal signals around the 1.76500 price region after this upward correction suggests renewed bearish momentum, aligning with the anticipated wave (C) of Y. This bearish outlook is further reinforced by the presence of a bearish butterfly pattern. The target levels are set at 1.74854, 1.74296, and 1.74020. Cheers and happy trading.
Short
by Samuel124
EURNZD Will Go Up From Support! Buy! Take a look at our analysis for EURNZD. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 1.754. Considering the today's price action, probabilities will be high to see a movement to 1.766. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
EURNZD - Look For Bearish Reversal!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 EURNZD has been overall bullish, trading within the rising channel in red. Currently, EURNZD is hovering around the upper bound of the channel. Moreover, it is retesting a resistance zone marked in green. 🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper red trendline acting as a non-horizontal resistance. 📚 As per my trading style: As #EURNZD approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
Bullish breakout?EUR/NZD is breaking out of the pivot which acts as an overlap resistance and could rise to the pullback resistance. Pivot: 1.75527 1st Support: 1.7481 1st Resistance: 1.76987 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
1
EURNZD: UT, Counter-Trend TradeRecent economic data indicates that New Zealand's producer prices (PPI) have surpassed expectations, which is bolstering the strength of the NZD. The inflation in the Eurozone is relatively low and is not expected to have a significant impact. This will result in a stronger New Zealand dollar compared to the euro. Furthermore, Price Action has successfully surpassed the latest Resistance Level at 1.7559, establishing it as the most recent Support Level. Nevertheless, the technical indicators on the 4-hour chart continue to indicate a downward trend, aligning with the overall trend on the higher time frame. This trade carries a significant level of risk, as it goes against the prevailing downtrend.
Long
by ProfessorCEWard
EURNZD Under Pressure! SELL! My dear subscribers, My technical analysis for EURNZD is below: The price is coiling around a solid key level - 1.7552 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 1.7503 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
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...
Long
by myself467
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 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
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 ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
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. 📉💶🇳🇿
Short
by fxtraderanthony
EURNZD Is Going Up! Buy! Take a look at our analysis for EURNZD. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 1.742. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.745 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
EURNZD intraday rallies continue to attract sellers.EURNZD - Intraday Our short term bias remains negative. Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. Offers ample risk/reward to sell at the market. There is no clear indication that the downward move is coming to an end. 20 4hour EMA is at 1.7483. We look to Sell at 1.7482 (stop at 1.7532) Our profit targets will be 1.7362 and 1.7332 Resistance: 1.7465 / 1.7525 / 1.7560 Support: 1.7430 / 1.7392 / 1.7350 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA