EurNzd to rise back at 1.75?Since the low at the beginning of April, EurNzd has changed the bearish trend and at the end of October reached a high at 1.75.
From that top, the pair began to correct and now is trading at 1.67 zone.
I expect this rise to resume soon and swing traders can adopt 2 strategies for a new test of 1.75.
1. Buy in the 1.6400-1.6450 zone
2. Look for a daily close above the falling trend line of the falling wedge pattern
In both cases, a drop under 1.6 would negate the bullish scenario
Eurnzdsignal
EURNZD - MARKET SENTIMENT WITH TRADE IDEA#EURNZD
Currently, according to CURRENTLY STRENGTH, EUR is going down a bit. The reason is that ECB RATE HIKE SENTIMENT is not PRICE. And the NZD is going down a bit more than the EUR right now. COMMODITIES DOWN due to OVERALL MARKET RISK ON, NZD is UP now.. due to this, EURNZD is WEAK.
Therefore, EURNZD can definitely go up to the resistance area of this triangle pattern before going down again. So keep an eye on it.
If any MARKET SENTIMENT changes, EURNZD can go up to 1.6988 LEVEL. After that, EURNZD can be SELL by BREAKING STRUCTURES and can SELL at 1.6304 LEVEL. So stay tuned for MARKET UPDATES.
EURNZD 4HSo this week we saw a drop in EURNZD pair and not it gets interesting from here as come to the support level and we can see the price getting rejected from the support zone on smaller timeframes also this is a weekly support zone. So now we can buy EURNZD and target for 1.69304, this setup is on 1H and 4H timeframe so it means intraday traders can enter for the next move, keeping the Stop loss below the structure i.e 67035.
EURNZD - MARKET SENTIMENT WITH TRADE IDEA#EURNZD
Currently, according to CURRENTLY STRENGTH, EUR is going down a bit. The reason is that ECB RATE HIKE SENTIMENT is not PRICE. And the NZD is going down a bit more than the EUR right now. COMMODITIES DOWN due to OVERALL MARKET RISK ON, NZD is UP now.. due to this, EURNZD is WEAK.
Therefore, EURNZD can definitely go up to the resistance area of this triangle pattern before going down again. So keep an eye on it.
If any MARKET SENTIMENT changes, EURNZD can go up to 1.7263 LEVEL. After that, by breaking the structures, EURNZD can be SELL and can be BUY at 1.6304 LEVEL. So stay tuned for MARKET UPDATES.
EurNzd could drop to supportAfter the break above the horizontal resistance level from 1.7150, EurNzd has traded in a range between this zone and a high of around 1.75 for one month.
The pair couldn't continue its ascent and fell back down under support proving the up break as a false one.
After the recent low, a correction to the up side followed and the final of this correction is in the old resistance and is marked by two reversal candles, Friday's one being a pin bar.
I expect a new leg down from this pair and I'm looking to sell rallies.
The target can be set around 1.64 support and only a daily close above 1.7150 would negate this bearish scenario
EURNZD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURNZD - MARKET SENTIMENT WITH TRADE IDEA#EURNZD
Currently, according to CURRENTLY STRENGTH, EUR is going down a bit. The reason is that ECB RATE HIKE SENTIMENT is not PRICE. And the NZD is going down a bit more than the EUR right now. Due to MARKET RISK OFF, NZD is going down because COMMODITIES are going down.. Due to this, EURNZD is getting weak.
Therefore, EURNZD can definitely go DOWN to the SUPPORT AREA of this CHANNEL before going UP again. So keep an eye on it.
If any MARKET SENTIMENT changes, EURNZD can SELL up to 1.6603 LEVEL. Also EURNZD can be BUY at 1.7845 LEVEL. So stay tuned for MARKET UPDATES.
EURNZD: PAIRING FOR SHORTS!!! Eurnzd just took out the buyside liquidity in the direction of the orderflow, price created liquidity Void in the process of purging the liquidity.
we're currently in a premium price, knowing that the smart money is still likely going to send price higher on EURNZD for the rest of this year,and knowing that the smart money buy cheap and sell high,
I'm expecting price to start trading lower anytime soon to come to fill in the liquidity Void and trade to discount before we continue the buys.
we just got the high of the week created yesterday, we are likely to see the rest of the week continue to be bearish.
also we just had a quarterly shift this backs it up 100%.
STEFANFX......
DeGRAM | EURNZD range breakingEURNZD moved out of the descending channel and made range.
The market formed a consolidation zone at the resistance level.
Price broke through and closed below the consolidation zone.
We expect a retest of the support level .
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DeGRAM | EURNZD long opportunityEURNZD moved out of the descending channel and made a higher high.
The market formed a consolidation zone at the support level.
Price broke through and closed above the consolidation zone.
We expect a retest of the resistance level .
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EURNZD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find a significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
🌟Best price and area to SELL Euro to New Zealand Dollar🧨🧨🔰You can see the analysis of the Euro to New Zealand dollar currency pair in the 15-minute time frame (EURNZD_ 15min)🔍
💥If the price can break❗ the Up trend line🖤 and stabilize❗ below it, it can experience a fall🔻 to Support🧡
Do you think this analysis can be profitable❓
I hope the analysis was useful for you🤍🌹
📌Please introduce the channel to your friends 🙏🏻
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EURNZD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
DeGRAM | EURNZD strong resistance EURNZD moved out of the ascending channel and reached a major resistance.
The market is overbought, and if the resistance rejects price from the level, then we can look for possible short.
We anticipate a pullback or consolidation at this level.
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DeGRAM | EURNZD strong resistanceEURNZD currently is testing a major resistance level, which is a psychological level as well.
If the market forms a double top with divergence or creates false breaks at the resistance level, then we can look for a selling opportunity.
We expect a pullback from the level; an alternative scenario is a consolidation at the resistance.
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EURNZD - MARKET SENTIMENT WITH TRADE IDEA #EURNZD
Currently, according to the CURRENTLY STRENGTH, EUR is becoming quite strong. The reason is that ECB RATE HIKE SENTIMENT is PRICE. Also, the NZD is getting weaker than the EUR right now.
Therefore, EURNZD can definitely go DOWN to the SUPPORT AREA of this CHANNEL before going UP again. So keep an eye on it.
If any MARKET SENTIMENT changes, EURNZD can SELL until the 1.6128 LEVEL. And before SELL, EURNZD can be BUY at 1.6914 LEVEL. So stay tuned for MARKET UPDATES. eurnzd