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Eurnzdsell

EUR/NZD:FUNDAMENTAL ANALYSIS+PRICE ACTION & NEXT TARGET|SHORT🔔The New Zealand Trade Balance for July was reported at -NZ$402M monthly and at -NZ$1,100M 12-month year-to-date. Forex traders can compare this to the New Zealand Trade Balance for June, reported at NZ$245M monthly and -NZ$280M 12-month year-to-date. Exports for July were reported at NZ$5.75B and Imports at NZ$6.18B. Forex traders can compare this to Exports for June, reported at NZ$5.96B, and Imports, reported at NZ$5.71B. The German IFO Business Climate Index for August is predicted at 100.4. Forex traders can compare this to the German IFO Business Climate Index for July, reported at 100.8. The German IFO Current Assessment Index for August is predicted at 100.8. Forex traders can compare this to the German IFO Current Assessment Index for July, reported at 100.4. The German IFO Expectations Index for August is predicted at 100.0. Forex traders can compare this to the German IFO Expectations Index for July, reported at 101.2. The forecast for the EUR/NZD remains bearish after this currency pair corrected into its descending Ichimoku Kinko Hyo Cloud. Price action may temporarily pause, and volatility can increase, but the longer-term downtrend remains intact. Will bears pressure the EUR/NZD into an extended sell-off into its horizontal support area? Previous Idea in Take profit:
Short
by FOREXN1
2
EURNZD LONG Readyyy!!!Lovely order on Eurnzd R:R 1:7 ❗️ First lets wait for price to close above our support then set this order ❗️ All supports and resistances are determined on the chart ⚠️Take Max 1% of your capital on this trade⚠️ ‼️Attention‼️ As soon as we get 50%✅ in profit, SL❌ to entry point & Save profit Clear setup @FxShzd trading style doesn't care about win rate only thing cares is Risk to Reward Lets make trading simple W/ @FxShzd 👇🏻👇🏻👇🏻 Any question comment bellow 👇🏻👇🏻👇🏻 Good-luck everyone
Long
by FxShzd
eurnzd neutraleurnzd analysis : Reasons : 1)there has been 2 resistance levels from which the market crossed the 1st resistance level and came uptrend and there is another resistance level as of now and it and didnt succesfully pass through that as right now , right now it is no trading zone as it is fluctuating a lot from 3 weeks so until it passes the no trading zone and cross the resistance level we cant expect to trade once it does,it goes for a potential up or downtrends Trade carefully
by saimanik9
EURNZD LONG TERM FORCASTCurrently this pair is on a short tern buy an easy 500+ pips on the table as of next week we are looking @ 168630 to scale in, once we hit that we are looking at a short which will produce about 1400+ pips. Then we are looking forward to the long term buy which can take a few years to playout but time is irrelevant to us direction is what matters. We are not big on fundamentals but we believe that the whole structure of the market follows a road map and our job is to find the blueprints of that map.
by TROJAN-FX-ARMY
2
EURNZD, 4hr tf, sell the wedge pattern breakoutTrade ideas for EURNZD by Hardi As you can see, a potential rising wedge pattern could be in play. The target should be around 1.6810-20 area. Right now price retracing at the 61.8 fibonacci level after breaking below the support. This could be a short opportunity for this pair as it is now at an interesting level. Using elliott wave principle, we might assume this as ending diagonal as well. Both pattern point towards the same target area. Sell EURNZD 1.7015 Stop loss 1.7045 Take profit 1.6820 (6.2R) Use only 1-2% risk Good luck
Short
by HayatoDragonFX