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Euro / New Zealand Dollar

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EURNZD trade ideas

Lingrid | EURNZD reached DEMAND zone. Potential LONGOn the daily timeframe, FX:EURNZD has reached the demand zone. The sideways movement around key level at 1.75000. This suggests that the bearish momentum has slowed down. Notice that the price action is creating a narrowing triangle pattern, which implies that the price is consolidating and preparing for a breakout. It makes sense to consider buying at the bottom and selling at the top of this consolidation zone. I believe the market is poised to break through the range zone, leading to a potential pullback on the 4H chart. My goal is resistance zone at 1.75300 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
5
Trading Signal for EURNZD - BuyDirection: Buy Enter Price: 1.74739 Take Profit: 1.75113333 Stop Loss: 1.74308333 We have identified a buy opportunity for the EURNZD currency pair. Based on the analysis conducted using the EASY Quantum Ai strategy, the following factors have been instrumental in forming this forecast: 1. Technical Indicators Alignment : Several technical indicators, including Moving Averages and RSI, are signaling a bullish trend. Particularly, price action has moved above the 200-period Moving Average, indicating strong momentum upward. 2. Support and Resistance Levels : Recent price movements have confirmed a solid support level near the 1.74308333 mark. The pair has bounced off this support multiple times, thereby affirming its strength and making the area a safe Stop Loss point. 3. Economic Factors : Recent economic data releases have favored the Euro over the New Zealand Dollar. Stronger than expected Eurozone economic performance combined with relatively weaker data from New Zealand supports a bullish outlook for this pair. 4. Trend Continuation Patterns : The current chart pattern shows a consistent upward channel. This pattern suggests that the price is likely to continue its upward trajectory towards the Take Profit target of 1.75113333. This trading signal is generated based on these diverse factors coupled with the precision of the EASY Quantum Ai strategy. Always ensure to keep up with new economic announcements and adjust your trading strategy accordingly. Happy Trading!
Long
by ForexRobotEasy
AUD/CHF Short, EUR/USD Short and EUR/NZD ShortAUD/CHF Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 3 touch 5 min continuation or 2 touch 5 min continuation with 3 touch structural approach, reduced risk entry on the break of it. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it. EUR/USD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 3 touch 5 min continuation or 2 touch 5 min continuation with 3 touch structural approach, reduced risk entry on the break of it. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it. EUR/NZD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of interest. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it.
Short
by StewySongs
LOOKING TO TAKE THIS MARKET LONGEUR/NZD 4H - This is the last market I am looking at trading this week, as you can see price traded down and into an area of interest of mine towards the end of last week. This is brilliant as price has traded into the area and has gone on to trade us higher, rejecting well. This gives us the suggestion that price has enough Demand in the market to see price trade higher. In order for us to look to get involved in this market all we need to do is go to the fractal nature of the structure and look for areas of interest price may pull back down and into before taking us higher again. It is important that we wait for the right confirmation before we do look to enter long in this market, as we know this will come via a break in structure to the upside, once we have that we can then look to take part from an area of interest.
Long
by Lukegforex
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
#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. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Short
by mohemati
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 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!
Short
by ForexRobotEasy
2
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!
Long
by ForexRobotEasy