empty
 
 
25.06.2015 02:30 PM
EUR/NZD: analysis for June 25, 2015

This image is no longer relevant

This image is no longer relevant

Overview:

Recently, EUR/NZD is moving downwards. As we expected, the price tested the level of 1.6146 in an ultra-high volume (selling climax). In the daily time frame, we can observe a weak supply bar, which is a sign of the sideways market. The short-term trend is neutral, but the mid-term trend is bullish. According to the H1 time frame, we can observe a bearish bar in an ultra-high volume (selling climax) and strong reaction from buyers. Bullish corrective phase is possible. Anyway, I am waiting for larger activity on the market and stronger price action to confirm the further direction.

Fibonacci Pivot Points :

Resistance levels:

R1: 1.6325

R2: 1.6350

R3: 1.6400

Support levels:

S1: 1.6230

S2: 1.6200

S3: 1.6155

Trading recommendations: Selling climax according to the H1 time frame. Selling looks risky because strong reaction from buyers around the price of 1.6145

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