EURNZD Structure Signals Potential Downside MoveEURNZD Structure Signals Potential Downside Move
EURNZD is currently testing a key resistance zone between 2.0270 and 2.0310, an area that has acted as a strong supply zone in the past. The pair has shown multiple rejections around this level, suggesting that buyers are losing momentum and sellers
About Euro / New Zealand Dollar
The Euro vs. the New Zealand Dollar. The New Zealand dollar had performed well against the Euro recently because it is often considered to be a proxy for the Chinese growth. Eurozone weakness may limit any significant reversal if concerns about Chinese growth occurs as the country shifts from export lead growth. The NZD has benefited from the recent Euro-zone difficulties due to idle cash efforts to find strong, secure yields.
Related currencies
EURNZD: Daily FVG reversal?Price has pulled back into the 50EMA (not shown here) and is supported with hidden bullish divergence. Trade setting up nicely for a Daily FVG reversal set-up.
I like:
- The volume of buyers at the Daily FVG
- Hidden bullish divergence (continuation of trend)
- Fib level 70.50% retracement
I don
EURNZD: Well positioned again for another bearish moveEURNZD: Well positioned again for another bearish move
From our previous analysis of EURNZD, the price has transformed the picture to bullish and now it has changed back to bearish.
The pattern is strong and bearish, the main problem lies in NZD. It has been very weak for a long time without any
EURNZDEUR/NZD illustrating a potential bearish reversal setup. The price has been moving within an ascending channel, with two marked Breaks of Structure (BOS) indicating weakening bullish momentum. After a final push to the upside into a supply zone near 2.0400, price broke below the channel, signalling
EURNZD – Elliott Wave Roadmap2D Chart
Every swing continues to unfold with precision - true to Elliott Wave structure. We’re now in the final stages of Wave 5.
This structure is nearing completion, with price developing the final sub-wave (C) of (5) into the Sell Zone.
📍 The Sell Zone aligns with the upper channel resistance
Bearish drop off?EUR/NZD has reacted off the pivot and could drop to the 1st support which acts as an overlap support that aligns with the 50% Fibonacci retracement.
Pivot: 2.02316
1st Support: 2.00328
1st Resistance: 2.03475
Disclaimer:
The above opinions given constitute general market commentary, and do not c
EURNZD: Another Gap 🇪🇺🇳🇿
There is a high chance that EURNZD will fill a gap down
opening soon.
A bullish breakout of a falling trend line on an hourly time frame
indicates a strong buying pressure.
Expect a rise to 2.0226
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Bearish drop off?EUR/NZD has rejected off the resistance level, which is an overlap resistance that aligns with the 38.2% Fibonacci retracement, and could drop from this level to our take profit.
Entry: 2.02391
Why we like it:
There is an overlap resistance level, which is an overlap resistance that aligns with the
EURNZD — Channel Breakdown Signals Potential Bearish Continuatio📉 EURNZD — Channel Breakdown Signals Potential Bearish Continuation
After a clean break below the ascending channel, EURNZD is now retesting the underside of structure. The pair has also rejected the lower time frame resistance zone, hinting at renewed downside momentum.
As long as price holds bel
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current rate of EURNZD is 2.01553 NZD — it has decreased by −0.03% in the past 24 hours. See more of EURNZD rate dynamics on the detailed chart.
The value of the EURNZD pair is quoted as 1 EUR per x NZD. For example, if the pair is trading at 1.50, it means it takes 1.5 NZD to buy 1 EUR.
The term volatility describes the risk related to the changes in an asset's value. EURNZD has the volatility rating of 0.02%. Track all currencies' changes with our live Forex Heatmap and prepare for markets volatility.
The EURNZD showed a −0.51% fall over the past week, the month change is a −0.14% fall, and over the last year it has increased by 11.51%. Track live rate changes on the EURNZD chart.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
EURNZD is a minor currency pair, i.e. a popular pair that is not associated with USD. Such pairs are also called cross currency pairs.
Currencies are usually traded through forex brokers — choose the one that suits your needs and go ahead. You can trade EURNZD right from TradingView charts — just log in to you broker account. Check out the list of our integrated brokers and find the best one for your needs and strategy.
When deciding to buy or sell currency one should keep in mind many factors including current geopolitical situation, interest rates, and other. But before plunging into a deep research, you can start with EURNZD technical analysis. The technical rating for the pair is neutral today, but don't forget that markets can be very unstable, so don't stop here. According to our 1 week rating the EURNZD shows the buy signal, and 1 month rating is buy. See more of EURNZD technicals for a more comprehensive analysis.









