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Euro / New Zealand Dollar

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EURNZD trade ideas

EURNZD Testing Key Demand Zone - Bullish Bounce ExpectedOANDA:EURNZD is approaching a significant demand zone, marked by prior price rejections and strong buying pressure. This area has historically acted as a key support zone, indicating the potential for a bullish bounce if buyers regain control. The current market structure suggests that if the price confirms a rejection from this demand zone, there is a high likelihood of an upward move. I anticipate that if rejection occurs, the market may head higher toward the 1.83800 level, which represents a logical target within the current market structure. If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!
Long
by DanieIM
1
EUR/NZD Triangle Breakout (5.2.2025)The EUR/NZD Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Triangle Breakout Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position around Trendline Of The Pattern. Target Levels: 1st Support – 1.8220 2nd Support – 1.8140 🎁 Please hit the like button and 🎁 Leave a comment to support for My Post ! Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI_TA_TRADING Thank you.
Short
by KABHI_TA_TRADING
6
NZDUSDAs of February 4, 2025, the labor market data for New Zealand is anticipated to reveal significant trends that could influence economic policy and market sentiment. Here’s what to expect based on the latest figures and forecasts: Key Data Points Employment Change (q/q): Forecast: -0.2% Previous: -0.5% The slight improvement in the forecast suggests a potential stabilization in employment levels, though still negative, indicating that the labor market is under pressure but may be starting to recover. Unemployment Rate: Forecast: 5.1% Previous: 4.8% This forecast indicates a rise in unemployment, reflecting ongoing economic challenges. Predictions suggest that the unemployment rate could peak at around 5.5% during 2025 as the economy continues to adjust post-recession13. Labor Cost Index (q/q): Forecast: 0.6% Previous: 0.6% The stability in labor costs suggests that while employment conditions are tough, wage pressures are not currently escalating. Economic Context Rising Unemployment: The increase to 5.1% signifies that job seekers face a challenging environment, with many economists predicting a further rise in unemployment due to ongoing economic adjustments following a recession134. Job Market Dynamics: Reports indicate that while there is a rebound in job advertisements, overall hiring remains subdued, with many candidates competing for fewer positions4. The labor market is still catching up to previous economic conditions, and recovery is expected to be slow as lower interest rates begin to stimulate household spending and business activity34. Future Outlook: Economists expect the labor market to remain tight in the first half of 2025, with a gradual recovery anticipated as economic indicators improve over time23. However, this recovery may not be uniform across all sectors. Conclusion The upcoming labor market data is crucial for understanding the current state of New Zealand's economy. While there are signs of stabilization in employment change, the rising unemployment rate reflects ongoing challenges. Stakeholders will closely monitor these figures as they may influence monetary policy decisions by the Reserve Bank of New Zealand.
by Shavyfxhub
EUR/NZD:Complex Correction Unfolding – Wave 2 Nearing CompletionEUR/NZD has been trapped in a sideways range since July 2024, forming what appears to be a complex correction for wave 2. If this Elliott Wave count is accurate, the current resistance zone could hold, allowing bears to step in and drive prices lower to complete the second wave. Watch for reversal signals like engulfing candles or strong rejections before entering short positions! 📉🔥 #ElliottWave #ForexTrading #EURNZD #TechnicalAnalysis
by Elliotwavesglobal
EURNZD Set To Grow! BUY! My dear subscribers, My technical analysis for EURNZD is below: The price is coiling around a solid key level - 1.8379 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 1.8416 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
EURNZD Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in this analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
Short
by ShahedZare
Descending Channel on EUR/NZD @ D1A descending channel pattern formed on the daily chart of the EUR/NZD currency pair following a month-long uptrend. The pattern's borders are marked with the yellow lines. The potential entry level is at the cyan line. The potential take-profit level is at the green line. The stop-loss can be set to the low of the candle preceding the breakout candle. It's not shown on the chart. I will ignore bearish breakouts from this descending channel formation.
Long
by AndriyMoraru
EURNZD Set To Fall! SELL! My dear subscribers, My technical analysis for EURNZD is below: The price is coiling around a solid key level - 1.8438 Bias - Bearish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 1.8386 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
2
EURNZD is ready to push againNo comment needed. All information is in the chart analysis. Steps to follow: Analyze yourself. Take the position with SL and Take Profits. Wait, it may take a couple of days, so take a break and step away from the screen from time to time, just like I do :) Get the result. I will update the trade every day. Like, comment with your good mood or viewpoint, share with your circle. It’s together that we get stronger! Good trades, Traders! The golden bear
Short
by thegoldenbear