EURNZD H1 | Potential bullish reversalEUR/NZD could fall towards a pullback support and potentially bounce off this level to climb higher.
Buy entry is at 1.74501 which is a pullback support.
Stop loss is at 1.74000 which is a level that sits underneath the 127.2% Fibonacci extension level.
Take profit is at 1.75219 which is a pullback resistance that lies underneath the 38.2% Fibonacci retracement level.
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Eurnzd!!
RISK-ON SENTIMENTThe overall mood in the market is RISK-ON which means there is apetite for risk and that usually makes the NZD take value. I beleive the strong correlation that NZD has with risk apetite in the market will push EURNZD lower especially after all the lower lows we are seeing on the higher timeframe.
EURNZD Trading Opportunity! BUY!
My dear followers,
I analysed this chart on EURNZD and concluded the following:
The market is trading on 1.7463 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.7495
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
EURNZD Technical Analysis & Trade IdeaThe #EURNZD pair displays a clear bearish bias on the higher timeframe, with a recent decisive break of market structure highlighting a downward shift in price action. This breakdown, marked by lower highs and lower lows, suggests a potential continuation of this bearish momentum. Traders may find an attractive opportunity near the 61.8% Fibonacci retracement level, where a short entry could be considered. If price action revisits this level, it's suggested to place a stop-loss order above the recent swing high. Target previous lows for potential profit-taking.
It's crucial to remember that market analysis and trading carry inherent risks. Before entering any trades, always conduct your own comprehensive research, factoring in fundamental drivers and global economic events alongside your technical assessment. Employ prudent risk management strategies to protect your capital.
Disclaimer: The information provided here offers a technical perspective on the EURNZD pair. It does not constitute investment advice. Trading decisions should be based on your individual risk tolerance, thorough market analysis, and careful consideration of all relevant factors.
EurNzd- 1000 pips drop higes on 1.75 (Long term view)After reaching a high around the 1.85 zone, FX:EURNZD initiated a correction that eventually settled near the 1.75 zone.
Throughout the end of October and all of November last year, the pair formed a lower high around the 1.82 zone. Subsequently, following the formation of a double top pattern, the pair breached below the neckline and the rising long-term trend line, ultimately revisiting the 1.75 zone.
In December, there was a retest of the broken trend line, and after another examination of the 1.75 level, the pair experienced a rise.
However, this time, it encountered significant resistance at the crucial confluence level of 1.79 before retracing back to 1.75 once more. Taken together, these movements suggest mounting selling pressure and long-term distribution in the market.
Considering these cumulative factors, it's plausible to infer that the pair may be poised for a substantial decline.
A drop of 1000 pips doesn't seem out of the realm of possibility, given the current setup and historical patterns. The confluence of technical indicators and price behavior underscores the potential for a significant downturn in the pair's value.
Thus, traders may find it prudent to closely monitor these developments for potential trading opportunities aligned with the anticipated downward movement.
EURNZD: Long Signal with Entry/SL/TP
EURNZD
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long EURNZD
Entry Point - 1.7505
Stop Loss - 1.7475
Take Profit - 1.7600
Our Risk - 1%
Start protection of your profits from lower levels
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EURNZD Technical Analysis and Trade IdeaThe EURNZD pair exhibits clear bearish momentum. The current retracement to the 50% Fibonacci level presents a possible sell opportunity.
Trend: EURNZD demonstrates a well-defined downtrend.
Retracement: The price action is likely experiencing a corrective retracement before renewed selling pressure.
Fibonacci Confluence: The 50%-61.8% Fibonacci level is our optimal entry zone.
Trade Idea
Direction: Short
Entry: Upon bearish candlestick confirmation near the 50% Fibonacci level.
Target: 1.74840
Stop Loss: Place the stop loss above the recent swing high to manage risk.
Important Disclaimer
The provided analysis serves as a technical perspective and should not be misconstrued as direct investment advice. Please conduct comprehensive independent research and employ robust risk management strategies before committing to any trades.
EURNZD: Reversal Perspective & Technical AnalysisEURNZD has a bearish structure supported by a descending channel, with a high registered at 1.7935 on January 22nd. Currently, the price is in the H4 demand zone. I expect a possible trend reversal, with a change in structure to the upside on M15 followed by a retest in the BOS impulse zone. In this case, if the market follows this scenario, I would enter a long position during the retest only if the price does so within one of my three market entry timings. My target would be the level 1.7701, where there is a swing high with liquidity yet to be absorbed on H4. Greetings and happy trading to everyone from Nicola.
EURNZD Set To Grow! BUY!
My dear subscribers,
EURNZD looks like it will make a good move, and here are the details:
The market is trading on 1.7550 pivot level.
Bias - Bullish
My Stop Loss - 1.7496
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.7642
About Used Indicators:
The average true range ATR plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
EURNZD Trading Plan - 18/Feb/2024Hello Traders,
Hope you all are doing good!!
I expect EURNZD to go Up from here anytime.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
EURNZD I Bearish flag on weekly and potential continuationWelcome back! Let me know your thoughts in the comments!
** EURNZD Analysis - Listen to video!
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EURNZD Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
EURNZD - Bearish continuation Hello traders!
‼️ This is my perspective on EURNZD.
Technical analysis: As I expected in my previous analysis price filled the imbalance and rejected from bearish order block + trendline. I see bearish continuation and my target is sell side liquidity.
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EUR/NZD Made Inverted H&S , Ready To Buy And Get 200 Pips !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
EURNZDEURNZD is trading in descending channel and printing consistent LLs LHs. Recently the price is broken the important support zone and now retesting the broken level, which is also the reasonable retracement level.
If the sell momentum continues the next target could be 1.7500
What you guys think of this idea?
EURNZD Is Very Bullish! Long!
Here is our detailed technical review for EURNZD.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 1.752.
Considering the today's price action, probabilities will be high to see a movement to 1.756.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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