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.
Trade Setup (Daily and 4 hr) approx 3:1 - waiting for a retrace next week or two to fill my sell order - Daily RSI divergence - 4hr trend changed to bearish Scalp (4hr and 15 min) approx 2:1 - If during kill zones (as marked on the chart the trade setup)
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...
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 only for long position. I wait price to go a little bit lower to fulfill the imbalance and then to reject from institutional big figure 1.80000 + FIBO 0.618 level. Like, comment and subscribe to be in touch...
EURNZD Buying opportunity Appears in H4 Time Frame Looking Price Action for Long Term Buy Risk and Reward Ratio is 1:4 After 50 pips Profit Set SL Entry Level "DISCLAIMER" Trading & investing business is "Very Profitable" as well as risky, so any trading or investment decision should be made after Consultation with Certified & Regulated Investment Advisors, by...
EUR/NZD appears to show a bullish pattern as the AB wave line exceeds the CD wave line. Based on this observation, I expect a bullish movement in this scenario. Please note that this concept is experimental, and if the market does turn bullish, the target is projected to be 1.82232. This setup also includes a stop loss, which I have set below 1.79884. Let's see...
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...
🕵️♂️ 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,...
I've been watching EURNZD closely. It finished a "swing" and is now on a downward trend. If you find my insights useful, I'd be grateful if you followed and liked my posts.
hello people, today I wanted to talk about EURNZD again. despite the harsh ups and downs I remain bearish on this pair and believe that real bears are setting trap all over the place. seems to me that theres not enough money in their pocket or they cant find enough people who agree with them. anyways ive been trying to find entries in 5 min chart to reach first...
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!❤️
EURNZD is moving between the trend lines within the descending channel. The pair has been growing for a long time without pullbacks. We expect a pullback soon. ------------------- Share your opinion in the comments and support the idea with Like. Thanks for your support!
Technical Confluences for Trade: - Stochastics are in Overbought Conditions on H4 time-frame - Price action reversed away from Supply area - Price action may reverse back towards Resistance Trendline and 61.8% Fibo Retracement Suggested Trade: Entry @ Area of Interest 1.8100 - 1.8110 SL @ 1.8156 TP 1 @ 1.8057 (Close Half-Position & move SL to Entry level once...
FX:EURNZD expected to reject from current key level and continue the bullish trend. However, there is a risk involved as price may drop between the marked two blue lines and rebound strongly from that region. Although, there is another possibility is that price can create AB=CD pattern and if it does follow that route then price can touch our second blue line...
- EURNZD was trending bullish with HH and HL forming. - bearish divergence has been observed. - Lately, Head and Shoulder pattern has been observed on hourly time frame. - Possible reversal of trend is imminent with confirmation from break of neck line.
Daily: - Pattern in Pattern - Clear S&D zone - Clear Impulse and Correction Weekly: - 3/4 LONG *Big selling zone can work as magnet that also aligns with TP levels 4H: - Bullish - Daily limit
H1 - Downtrend line breakout Higher highs Until the strong support zone holds I expect the price to move higher further after pullbacks.