empty
 
 
03.09.2014 01:01 PM
EUR/NZD analysis for September 03, 2014

This image is no longer relevant

This image is no longer relevant

Overview:

Since our last analysis, EUR/NZD has been trading upwards. The price tested the level of 1.5828 in an ultra high volume (buying climax) according to the daily time frame. It is still unsafe to buy anything, so watch for potential selling opportunities after retracement. Our Fibonacci retracement 61.8% at the price of 1.5800 is on the test. According to the 4H time frame, we got buying climax near our resistance, so buying looks very risky at this stage. Any larger supply in a high volume may confirm further bearish movement.

Daily Fibonacci pivot levels :

Resistance levels:

R1: 1.5816

R2: 1.5856

R3: 1.5921

Support levels:

S1: 1.5686

S2: 1.5646

S3: 1.5581

Trading recommendations: Be careful when buying the EUR/NZD pair and watch for selling opportunities after retracement.

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 $9000 more!
    In May we raffle $9000 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
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 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