EURNZD | Next Moves Inside Channel MovementNZD strength into today off the back of economic hopes in China has smacked EURNZD to the mid-point of the local sideways movement.
Preferred long now & later.
EURNZD trade ideas
Bullish bounce off overlap support?EUR/NZD is falling towards the pivot and could bounce to the pullback resistance.
Pivot: 1.79861
1st Support: 1.79243
1st Resistance: 1.82090
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EURNZD - Short TradePrice has formed rising wedge reversal pattern.
Bearish divergence is also formed, indicating bearish trend ahead.
EURNZD BEARISH IDEA EURNZD had reach a significant area of interest on the daily time frame
Going to 4hr and 2 hr we wait for SBI formation
EURNZD - Look for a long !!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. I have 2 points of interest, first one if price fills the imbalance and rejects from bullish OB at level 1.81000. The second one is imbalance lower + level 1.80000.
Fundamental news: Tomorrow (GMT+2) we will see results of Interest Rate on EUR, news with high impact on currency
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EURNZD - Long TradeEURNZD is moving in bullish trend.
No bearish divergence is formed.
Acending channel which is a bullish continuation pattern is also formed.
Overall, these factors indicate trend will remain bullish.
eurnzd sell signal. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
EURNZDthis pair so clear guys...
lets trade like 'following the trend'
so, you can make some money
disclaimer
this is not a signal
i just share my idea here
be smart
EURNZD Great Trade Opportunity!I am waiting for the price to retrace and reach the daily Area of Interest (AOI). Once it does, I will switch to lower timeframes and look for a Shift of Structure (SOS). This presents a great trading opportunity. Just be patient and allow the trade to come to you!
EURNZD - Bullish TrendThe chart is making series of HH and HL without any divergence. Hence, will be Bullish
EURNZDThe potential BUY scenario for the pair
The pair is to be monitored as it approaches the designated BUY zone on the chart.
eurnzd risky tradeEURNZD rose to the resistance area of 1.8400. If it pulls back from here, it may pull back to the last resistance level of 1.8240.
EUR/NZD Massive Upside PotentialThe chart speaks for itself. Looing for a 5th wave higher to finish the long term 5 wave Elliot Wave impulse. 2.15 is a reasonable price target. There is a long term .618 Fib ratio around there and it's the top end of a long term channel.
If this pair does this in the come 6 to 12 months then we have to expect a large bout of volatility in world markets over that time. Buckle your seatbelts
EURNZDThe potential BUY scenario for the pair
The pair is to be monitored as it approaches the designated BUY zone on the chart.
#EURNZD 2HEURNZD 2-Hour Analysis
The EURNZD pair is forming a rising wedge pattern on the 2-hour chart, which often signals a potential bearish reversal. The price is trading near the wedge's upper levels, and a breakdown below the support line would confirm selling pressure, offering further sell opportunities.
Technical Outlook:
Pattern: Rising Wedge
Forecast: Bearish (Sell, and Sell More on Support Line Breakdown)
Entry Strategy: Initiate a sell position if the price shows bearish signals near the wedge's resistance. Add to the position or open new sell trades once the support line is broken and confirmed with a retest or bearish price action.
Traders should monitor indicators like RSI for overbought conditions or MACD for bearish crossovers to strengthen the case for a sell. Use proper risk management by setting stop-loss orders above the wedge resistance and targeting key support levels below the breakdown point.
EURNZD analysis elliot. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
EURNZD - Long CallPrice in bullish trend with channel support indicates continuation of bullish trend.
$EURNZD at Key Resistance – Watch for Bearish Gartley to 1.81PEPPERSTONE:EURNZD
Technical Analysis:
The EURNZD pair is currently under pressure, with the daily resistance at 1.8237 being tested. The weekly fractal resistance remains just above at 1.8274. We also have a bearish Gartley pattern projected at 1.8488, at the 127% Fibonacci extension, just above the resistance zone. If the price reaches this level, the formation of the bearish Gartley pattern could lead to a retracement, pushing the pair back to the Fibonacci levels below 1.81.
Key Highlights:
Daily resistance being tested at 1.8237.
Weekly fractal resistance at 1.8274.
Bearish Gartley pattern projected at 1.8488.
If the price hits this level, the bearish Gartley pattern could lead to a retracement back to Fibonacci levels below 1.81.
EURNZD - 4H - Bearish ReversalFollowing are the factors involved in Bearish Reversal:
1. Divergence
2. Rising Wedge
EURNZD - 1H - Bullish ContinuaitonFollowing are the factors for the Bullish Continuation:
1. Series of HH and HL
2. No divergence
EURNZD Will Go Lower From Resistance! Sell!
Take a look at our analysis for EURNZD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 1.818.
The above observations make me that the market will inevitably achieve 1.803 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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