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Eurnzd!!

EURNZD Long near correction coming soonEUR/NZD’s rebound this month has lacked strength, just as the cross approaches a stiff hurdle at the early-May high of 1.7835. Chances are that EUR/NZD could settle in a 1.7150-1.7850 range in the near term. This follows a retreat in April from the top of a rising channel since 2015. Any break above immediate support at Tuesday’s low of 1.7570 would raise the odds of the range view. RSI above 50 increasing bullish momentum: Pullback possible. Data from Eurostat revealed that the euro zone economy entered into a technical recession as recently as Q1, although only just. Q4 data was revised from a 0 quarterly growth to a 0.1% contraction while the third estimate of Q1 went from 0.1% growth to a 0.1% contraction. Deteriorating economic conditions considered alongside encouraging core inflation data suggest that the euro could come under more pressure despite the ECB adamant on further rate hikes. Markets anticipate the ECB will hike next week and again in either July or September but if subsequent inflation data heads lower, a case could be made that the committee consider a pause or even a ‘skip’ like the Fed is likely to implement.
Long
by DaveBrascoFX
2
EURNZD SHORT SETUP ABOUT FVGOn EUR/NZD we have a bullish setup this morning. a strong level has already been formed in the market, closing in less than 3 hours with a +1.5% gain. currently, the price seems to be heading towards the 1.7878 zone, where we have another bearish strong level. As always, we need to wait for the right confirmations on m15 and h1 before entering the market. risk management first and foremost. Wishing everyone a good day, greetings from Nicola, ceo of Forex48 Trading Academy.
Short
by Forex48_TradingAcademy
⚠️EURNZD Ready to Fall⚠️EURNZD is moving near the resistance lines, and two candles formed a Bearish Engulfing Candlestick Pattern 4 hours ago, which can be a 💡 Sign 💡 of the beginning of a decline. 🔔I expect EURNZD to fall to at least the support line . 🔅Euro/New Zealand Dollar (EURNZD), 4-hour time frame⏰ Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
8
EN still on the uptrend,have more upside after this pullback.. **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
Long
by Shadowing_The_Big_Boys
AUDNZD I Retrace upward and potential downsideWelcome back! Let me know your thoughts in the comments! ** AUDZD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
2
20 Reasons For Buy EURNZD🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1:✨Eagle eye: The market has formed a bearish structure with a valid low. There is no significant area of imbalance or point of interest where price can touch and reverse. Upon closer examination, there are only two significant bullish candles in this range, both with high volumes. Despite the bearish structure, there have been no significant downside moves, indicating profit booking and institutional buying in this area. There is only one spike indicating a liquidity grab, followed by an inability to sustain downward momentum. In 2022, prices made a 5-year low and closed with a doji. Since the start of 2023, prices have exhibited consistent bullish strength, breaking the highs of the last two years. This provides a clear bullish picture. 2:📆Monthly: After a valid bullish BOS, the market entered a corrective phase where it absorbed liquidity and formed internal bullish structures. The monthly trend line is now approaching, and a break above this trend line would confirm the bullish trend. However, it is likely that price may undergo a small consolidation before the breakout. 3:📅Weekly: A clean and complete bullish structure is visible here, with a proper BOS. The market now has a clear view, and it is highly probable that price will continue to move higher after forming a valid high. There was an inducement at one point, followed by a quick bullish move, indicating active buying in this area to protect these levels. For now, it is recommended to trade within the weekly range until a breakout occurs, at which point new entries can be considered. 4:🕛Daily: The market has formed a proper bullish structure, and the corrective move has been completed. It is now suitable to initiate buy positions as everything is confirming the bullish outlook. Notably, during the recent corrective move, there was significant volume in the bullish candle, signaling a buy opportunity. 😇7 Dimension analysis 🟢 analysis time frame: Daily 5: 1 Price Structure: Bullish 6: 2 Pattern Candle Chart: Momentum candle 7: 3 Volume: High volume at the low, but the candle is bullish 8: 4 Momentum UNCONVENTIONAL RSI: Sideways for now, but the initial move has started with a divergence 9: 5 Volatility measure Bollinger Bands: No volatility yet, indicating calm before a potential storm 10: 6 Strength ADX: Bulls are gaining strength 11: 7 Sentiment ROC: EUR is strong ✔️ Entry Time Frame: H1 12: Entry TF Structure: Bullish 13: Entry Move: Impulsive 14: Support Resistance Base: Previous order block 15: FIB: Trendline support ☑️ Final comments: Buy 16: 💡Decision: Buy 17: 🚀Entry: 1.7703 18: ✋Stop Loss: 1.7575 19: 🎯Take Profit: 1.7990 20: 😊Risk to Reward Ratio: 1:2 🕛 Expected Duration: 10 days.
Long
by Optimum369
2
EURNZD, H4 | Potential bearish reversalWe're seeing price test a major overlap resistance along with a 38.2% Fibonacci retracement. A reversal from here could potentially see prices drop all the way down to our overlap support. In terms of potential stop loss levels, we're placing it slightly above te 50% Fibonacci retracement to give it a bit of breathing space. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘Name of third party provider). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Name of third party provider. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Forex Capital Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM EU LTD (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM Australia Pty. Limited (www.fxcm.com): ** Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com FXCM Markets LLC (www.fxcm.com): Losses can exceed deposits.
Short
by FXCM