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Eurnzd!!

EURNZD Bullish Move has started**Monthly Chart** EURNZD is moving into a range between High 1.8400 and low 1.73800 from June 2023 till date (almost a year). Last month, the candle closed as a strong bearish engulfing candle suggesting a turn or a move back to the support area. This month's candle which will be closed by the end of this week opened lower and is currently testing the demand zone. **Weekly Chart** Last week’s candle closed bullish after swiping the liquidity of Feb 2024 swing low and then coil around the demand zone, which suggests bullish moves in the upcoming weeks. **Daily Chart** At the break of the last daily candle high we will be looking for a buy entry on lower timeframes to take this pair at least towards 1.7700 level and then 1.7850 level.
Long
by PropSignals
EURNZD Is Going Down! Sell! Take a look at our analysis for EURNZD. Time Frame: 45m Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 1.821. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.817 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
2
EURNZD Technical Analysis and Trade Idea In this video, we take an in-depth look at the EURNZD. The pair has recently undergone a significant bullish rally and now seems overextended, hitting a critical resistance level. Due to this extended move, I'm seeking a buy opportunity on a Fibonacci retracement. I discuss my observations on price action, market structure, and the overall trend. Keep in mind that this content is for educational purposes only and not financial advice. Trading involves substantial risk, so always implement responsible risk management strategies.
Long
by tradingwithanthony
EURNZD Trade PlanEURNZD has completed a W FCP pattern but did not reverse. It is now at a structure resistance level which can make it fall. Wait for sell confirmation. If that comes this can be a good short opportunity. If the price breaks and confirms the previous high, we will go long based on the confirmation. If you found this interesting please consider supporting this analysis by liking, commenting, and sharing with friends, colleagues, traders, and trading communities. Thanks👍🙂
by vikinsa
2