EURNZD is currently exhibiting the formation of an Anti-Shark Harmonic Pattern (XABCD) coupled with the presence of a significant Trendline, indicating potential bearish momentum on the horizon. This analysis delves into the technical factors influencing the currency pair's movement and proposes strategic entry and exit points for traders to consider. Pattern...
As idle cash looks to find a strong and secure yield, it is no wonder that the New Zealand Dollar has benefited from the current Euro-Zone crisis. Pairs such as the Australian Dollar and New Zealand Dollar are often viewed as a proxy for Chinese growth and thus have performed well against the Euro in recent years. Although Chinese growth may become a cause for...
As idle cash looks to find a strong and secure yield, it is no wonder that the New Zealand Dollar has benefited from the current Euro-Zone crisis. Pairs such as the Australian Dollar and New Zealand Dollar are often viewed as a proxy for Chinese growth and thus have performed well against the Euro in recent years. Although Chinese growth may become a cause for...
Following a test of a daily horizontal resistance, the EURNZD currency pair created a descending triangle pattern on a 4-hour time frame. The next support level appears to be at 1.7909, which is likely to be the target for sellers. To enter a trade, one could look for a retest of the broken neckline of the triangle.
🕵️♂️ Let's analyze the EURNZD currency pair together and update our previous analysis. 🔍 In higher time frames, like other currency pairs, we are mostly in a ranging market, but this pair shows a slightly stronger inclination towards an upward movement. 🕓 In the four-hour timeframe, after hitting the daily resistance at 1.80951 and breaking the downtrend line,...
The EUR/NZD trend appears to be ranging between 1.81100 and 1.79800. Currently priced around 1.80400, I strongly believe that the price will once again reach the upper level of 1.81100. Buying at the current price and setting a target range around 1.80948 seems safe.
Price is trading within a triangle. A breakout to the upside will open the way to 1.81310 while a break of the support will propel the price towards 1.79430
Hi fellow traders, EURNZD looks ready to make a move lower after completing the WXY correction in a flag formation. Target the 1,7143 level and move your stoploss to break even as soon as we reach the grey 'risk free zone'. Good luck and trade safe!
A Head and Shoulder pattern has been observed on EURNZD on the 1 hour time frame, following Bearish Divergence earlier, hence confirming a trend reversal, if the price breaks through the neckline. Trade Call: Short Entry: 1.79589 (Sell Stop) SL: 1.80519 TP1: 1.78689 TP2: 1.77789
EURNZD formed a head & shoulders pattern on a daily time frame. The price successfully broke and closed below its neckline. We see its deep retest at the moment. I believe that the pair should start falling soon. Goal - 1.789 ❤️Please, support my work with like, thank you!❤️
EUR/NZD is falling towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 1.7978 which is an overlap support that lies above the 61.8% Fibonacci retracement level. Stop loss is at 1.7830 which is a level that lies underneath a pullback support. Take profit is at 1.8134 which is a pullback resistance. High Risk...
welcome here is my eurnzd short idea its based on a overall bearish market price trading under 50% fib level of monthly and weekly candle price trading under all emas , weekly pivot and creating lower lows steadly lets see if we can ride a bear wave here
Looking for Reversal upside as i forecast, wait and Watch price. Use lower TF for entry.
Price is rising towards a resistance level which is a pullback resistance that aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.79858 Why we like it: There is a pullback resistance level which aligns with the 38.2% Fibonacci retracement. Stop loss: 1.80981 Why we like it: There is a pullback resistance...
We see the formation of a bearish Gartley harmonic pattern in the descending channel. The role of dynamic resistance is also very important. A resistance that the price has reacted to many times. It is expected that the price will experience a drop to at least the 1.7850 range. A breakdown of dynamic resistance and the ceiling of the descending channel will...
trend strong bullish . Price bounced on a support level after a false breakout and made a breakout of a strong resistance level expecting it to keep rising and form a bearish expanding triangle . Potential target 1.821 PS never risk more than 2 % of your capital per trade
Weekly: -Inverse H&S pattern. -Bullish M pattern. -Imbalance rejected. Daily: -Inverse H&S pattern, -IC. 4H: -Inverse H&S pattern. -Imbalance acting as support
The EURNZD has been in a strong a bullish trend across higher time frames. Our approach revolves around trend continuation, prompting us to seek entry points aligned with our predefined criteria based on price action analysis. In the presented video, we meticulously assess the prevailing trend, market structure, and price behavior, deliberating a prospective...