Here is our detailed technical review for EURNZD. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 1.749. Considering the today's price action, probabilities will be high to see a movement to 1.761. P.S The term oversold refers to a condition where an asset...
Hello,Friends! Previous week’s red candle means that for us the EUR/NZD pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 1.759. ✅LIKE AND COMMENT MY IDEAS✅
Here is our detailed technical review for EURNZD. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 1.752. Considering the today's price action, probabilities will be high to see a movement to 1.756. P.S Overbought describes a period of time where there has...
Please, check our technical outlook for EURNZD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 1.761. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.767 level soon. P.S Overbought describes a period of time...
Hello TradingView Family / Fellow Traders, 📈 EURNZD has been overall bearish, trading inside the falling channel in red and it is currently approaching the lower red trendline. Moreover, the zone 1.73 is a robust support level. 🎯 Therefore , the highlighted red circle represents a significant area to consider for potential buy setups, as it marks the...
Hello,Friends! We are going long on the EUR/NZD with the target of 1.758 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band.However, we should use low risk here because the 1W TF is red and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! EUR/NZD pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 5H timeframe the pair is going down too. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 1.779...
Take a look at our analysis for EURNZD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 1.751. Considering the today's price action, probabilities will be high to see a movement to 1.764. P.S Overbought describes a period of time where there has been a...
Please, check our technical outlook for EURNZD. Time Frame: 3h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 1.798. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.807 level. P.S We determine oversold/overbought...
Hello,Friends! EUR/NZD pair is in the uptrend because previous week’s candle is green, while the price is evidently falling on the 1H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 1.805 because the pair is oversold due to its proximity to the lower BB band and a bullish correction is...
Please, check our technical outlook for EURNZD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 1.804. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.813 level soon. P.S Overbought describes a period of time...
Hello,Friends! We are targeting the 1.764 level area with our long trade on EUR/NZD which is based on the fact that the pair is oversold on the BB band scale and is also approaching a support line below thus going us a good entry option. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! We are now examining the EUR/NZD pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 1.799 level. ✅LIKE AND COMMENT MY IDEAS✅
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. EURNZD has been overall bullish trading inside the rising wedge pattern in red and it is currently approaching the lower bound / red trendline. Moreover, the zone 1.77 is a strong support. 🏹 So the highlighted red circle is a strong area to look for trend-following buy...
Take a look at our analysis for EURNZD. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 1.814. Considering the today's price action, probabilities will be high to see a movement to 1.832. P.S The term oversold refers to a condition where an asset has traded...
Please, check our technical outlook for EURNZD. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 1.817. The above observations make me that the market will inevitably achieve 1.825 level. P.S Please, note that an oversold/overbought condition can last for...
Hello,Friends! EUR/NZD is making a bearish pullback on the 5H TF and is nearing the support line below while we are generally bullish biased on the pair due to our previous 1W candle analysis, thus making a trend-following long a good option for us with the target being the 1.833 level. ✅LIKE AND COMMENT MY IDEAS✅
Surfing the Uptrend: Unleash Long Potential with Elliott Wave Analysis on EURNZD Harness the predictive prowess of Elliott Wave Analysis to uncover promising long positions on the EURNZD pair. Decode market waves for insights into potential uptrends. Elevate your strategy by leveraging historical patterns, aiming to maximize gains in the dynamic EURNZD market