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Euro / New Zealand Dollar

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EURNZD trade ideas

EURNZD Eyes 1.99 — Technical & Fundamental Bulls AlignedToday, I want to analyze EURNZD ( OANDA:EURNZD ) for you, which is in good shape both technically and fundamentally . Please stay with me. EURNZD is moving close to the Support zone(1.88750 NZD-1.7970 NZD) and 100_SMA(Daily) and has managed to form a Double Bottom Pattern . From the perspective of Elliott Wave theory , EURNZD seems to have completed the main wave 4 , and we should wait for the main wave 5 . The main wave 5 could complete at the Heavy Resistance zone(2.120 NZD-1.9927 NZD) . ----------------------------------- EURNZD – Fundamental Analysis: The EURNZD pair currently reflects a divergence between two very different economic outlooks. Eurozone (EUR): The European Central Bank (ECB) has recently begun cutting interest rates to support slowing economic activity, especially in the industrial and manufacturing sectors. Despite this dovish shift, inflation remains relatively under control, and the euro has held up well against riskier currencies thanks to global uncertainty and safe-haven flows. New Zealand (NZD): New Zealand's economy is under pressure. The latest GDP figures confirmed a weak growth outlook, and signs of a technical recession are mounting. While the Reserve Bank of New Zealand (RBNZ) has maintained a relatively hawkish tone, it faces a dilemma: inflation is sticky, but domestic demand and housing remain fragile. The RBNZ may be forced to soften its stance sooner than expected. Outlook: This fundamental backdrop supports a bullish bias for EURNZD. The euro’s relative stability versus the increasingly vulnerable New Zealand dollar makes this pair attractive for long positions — especially if upcoming NZ data disappoints or global risk sentiment weakens further. ----------------------------------- Based on the above explanation, I expect EURNZD to rise to at least 1.9917 NZD . Note: Stop Loss(SL): 1.8779 NZD Please respect each other's ideas and express them politely if you agree or disagree. Euro/New Zealand Dollar Analyze (EURNZD), Daily time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
1
The Trap Has Been Set. Will Price Take the Bait?EURNZD just broke structure on the 4H chart and is now pulling back into a zone where things could get interesting. After the initial drop, price is retracing into an area filled with imbalance and liquidity. This looks like a setup where the market may lure in buyers before making its next move lower. If sellers step in where expected, we could see a clean continuation to the downside. As long as price remains beneath that reaction zone, the bearish narrative stays intact. One to keep an eye on in the coming sessions. Just a word of caution : Always wait for a clear change of character on the 15-minute timeframe before considering any entry. If that confirmation doesn’t show up, price can easily break through the zone and continue climbing.
Short
by J4mesWick
1
EURNZD Will Go Higher From Support! Buy! Take a look at our analysis for EURNZD. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 1.922. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.930 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
War shock moves EURNZD: breakout targets 196.69The US strike on Iran hit risk currencies hard. NZD, AUD, and JPY dropped, while EURNZD broke out of a rectangle pattern. We analyse the setup, target at 196.69, and possible entry zones. Would you trade this in wartime volatility? This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Long
by ThinkMarkets
EURNZD Bullish ScenariosThe trend is clear uptrend, based on the weekly and daily time frame. At the 4 Hr time frame, we have RSI overbought, so we might see a retracement for the trend before its continuation to the upside. The retracement scenarios are as follows: 1- Retrace to the BOS, coincide with the 50%/61.8% Fib level 2- Retrace at one of the FVG created at the uptrend push during Tokyo session, creating liquidity sweep with bearish wick. 3- Retest the AOI @1.9100, but if it reach this level, the trend might flip to bearish trend, as it will break the lower high @1.9170. Need to carefully analyze the price action in each scenario to take the right decision of buy or sell. Good Luck!
Long
by AN_88
EUR/NZD Daily AnalysisAs we can see, price was printing lower highs from mid April this year, and at the same time, was getting squeezed into the 1.8850 level. With the buyers defending 1.8850 successfully, it was just a matter of time before either resistance or support was breached. In June we saw a break to the upside and the trendline tested for several days before buyers took price higher than it's been in over a month. If you agree with this analysis, look for buys setups that meet your strategy rules.
by FusionMarkets
1
EURNZD Buyers In Panic! SELL! My dear friends, EURNZD looks like it will make a good move, and here are the details: The market is trading on 1.9299 pivot level. Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 1.9163 Recommended Stop Loss - 1.9366 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
7
EURNZD: Bearish Setup in Play?EURNZD Faces Resistance Within Defined Range – Bearish Setup in Play? EURNZD appears to be forming a range-bound trading structure, with key levels defined between 1.9050 and 1.9230. Yesterday, price action tested the upper boundary at 1.9230, where it encountered strong resistance. If the pair fails to break above this level and sustains trading below it, bearish momentum could build throughout the day. While the setup carries some risk due to the range environment, it offers potential for downside movement. Intraday targets: 1.9150; 1.9100 ; 1.9050 You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️ Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by KlejdiCuni
5