Falling towards 38.2% Fibonacci support?EUR/NZD is falling towards the support level which is a pullback support that lines up with the 38.2% Fibonacci retracement and could potentially bounce from this level to our take profit.
Entry: 1.77237
Why we like it:
There is a pullback support level which aligns with the 38.2% Fibonacci retracement.
Stop loss: 1.76387
Why we like it:
There is a pullback support level which aligns with the 76.4% Fibonacci retracement.
Take profit: 1.78532
Why we like it:
There is a pullback resistance level which lines up with the 161.8% Fibonacci extension.
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EURNZD
EURNZD My Opinion! SELL!
My dear friends,
Please, find my technical outlook for EURNZD below:
The price is coiling around a solid key level - 1.7780
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 1.7684
Safe Stop Loss - 1.7838
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
Trade idea - EURNZD Long4H
Market was moving in Bull Flag formation.
3rd touch of trend line was aligning perfectly with the -68 Fibonacci.
Missed the early entry on this trade.
New opportunity now to get involved.
Bullish impulse: indication .
Pattern within pattern: confirmation.
Inverse Head & Shoulders, Bullish M.
Clear support & resistance zone is there.
1% risk
EURNZD looks set to correct lowerIdea No : 19
14 out of last 18 ideas were successful and 4 still running, let's talk about 19th
this pair has made quite a lot of upwards move following several our trendlines, you can check related ideas
but it seems pretty likely that we are about to see some correction lower because of some new bearish trendlines appearing in the near future
therefore expect the pair to move lower towards our red arrow soon
let's see...
EURNZD Weekly Forecast and AnalysisEURNZD Weekly Forecast and Analysis
Overview:
As we approach the upcoming trading week, the EURNZD pair exhibits a promising bullish outlook. Based on price action we expect the price to demonstrate a strong support base near a minor resistance zone, suggesting potential for further upward movement. Let’s delve into the detailed analysis based on price action and trend directions.
Support and Resistance Zones:
The key support and resistance zones marked on the chart are very crucial areas for traders to constantly watch price action around these two key levels for EURNZD pair.
Price Action Insights:
Bullish Candlestick Patterns: The formation of bullish engulfing candles near the minor support zone will highlight strong buying interests among traders. The formation of this pattern around the minor support zone will act as a reliable indicator of potential continuation in the bullish trend. EURNZD pair has recently shown a strong upwards momentum leaving traceable sign of bullish trend continuation.
Breakout Scenario: If the EURNZD pair breaks above the highlighted resistance zone, we anticipate the price to reach new weekly highs, as indicated on the chart. This breakout could be driven by sustained buying pressure and positive market sentiment.
Conclusion:
In summary, the EURNZD pair is poised for continued bullish movement in the coming week. The price action and momentum analysis support the expectation of a breakout above the highlighted resistance zone, leading to new weekly highs. Traders should monitor key levels closely and consider potential entry points aligned with the observed price action and trend indicators. Staying informed and adaptable to market changes will be crucial for successful trading.
Invest Wisely,
By Piptera Digital Solution
Eurnzd watching for retracement for longHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Bias on this cross to have somemore upside after this pullback. let's see how its PA works out this week and if there are opportunities.
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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Early Bird Special: EURNZD Poised for 600 Pips – Get In Before 🌟 Early Bird Special: EURNZD Poised for 600 Pips – Get In Before the Entry Point! 🚀
In this exclusive video, we're eyeing a massive 600 pip potential on EURNZD. This is an early bird special, and we're positioning ourselves ahead of the entry point. Make sure to watch the video carefully to understand the full setup and maximize your gains.
We'll cover:
Detailed analysis of the EURNZD trade setup
Key indicators and market conditions signaling the potential 600 pip move
Step-by-step guide on how to enter this trade at the optimal time
Risk management tips to safeguard your investment
Join me as I break down this lucrative opportunity and show you how to capture these pips before the crowd. Don't forget to like, comment, and subscribe for more high-impact trading insights. Let's seize this early bird special together! 🚀💹 And remember to hit the Boost Button on this video to support our Trading View community!
EURNZD - Long active !!Hello traders!
‼️ This is my perspective on EURNZD
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long position. I expect bullish price action as price formed hidden divergence and rejected from liquidity zone + FIBO 0.5 level, as well on H1 price formed regular divergence.
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EUR/NZD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
The BB upper band is nearby so EUR-NZD is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 1.753.
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EURNZD I Potential short from top of channel Welcome back! Let me know your thoughts in the comments!
** EURNZD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
EUR/NZD Poised for Bullish Rebound: A Technical AnalysisLast week, the EUR/NZD currency pair experienced a notable rebound at the 1.7400 support level. This level has historically been a robust area where the price has shown resilience, indicating a strong possibility that the price will not easily fall below this threshold. The significance of this support level is underscored by previous reactions, affirming its strength.
In examining the COT Report, it's evident that the NZD currently holds a stronger position on the buy side. Despite this, technical indicators suggest a potential bullish impulse for the EUR/NZD in this area. Specifically, the stochastic indicator on the daily timeframe shows an oversold condition, further supporting the likelihood of a bullish movement.
Given these factors, our analysis leads us to consider a long position in the EUR/NZD. The combination of a solid support level at 1.7400, bullish technical signals, and historical price behavior makes this a compelling setup for traders looking to capitalize on potential upward momentum in the near term.
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.
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.
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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
EURNZD: Bearish Continuation is Expected! Here is Why:
Balance of buyers and sellers on the EURNZD pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the sellers, therefore is it only natural that we go short on the pair.
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