empty
 
 
04.02.2014 01:11 AM
Technical analysis of NZD/USD for February 4, 2014

This image is no longer relevant

Trading recommendations:

  • The NZD/USD pair is in the short term.
  • It should be noted that the market will turn to bearish sentiment from the level of 0.8140. Therefore, it will a good sign to sell below 0.8140 with the first target of 0.8061 to form double bottom. It will call for downtrend in order to continue its bearish movement towards 0.8003. Notwithstanding, the stop loss should never exceed your maximum exposure amounts, consequently the stop loss should be placed above 0.8200 at the price of 0.8225.

Intraday technical levels:

  • R3: 0,8178
  • R2: 0,8157
  • R1: 0,8121
  • PP: 0,8100
  • S1: 0,8064
  • S2: 0,8043
  • S3: 0,8007
Summary
Urgency
Analytic
Mourad El Keddani
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback