empty
 
 
14.07.2015 04:25 PM
EUR/NZD analysis for July 14, 2015

This image is no longer relevant

This image is no longer relevant

Overview:

Recently, EUR/NZD is moving downwards. The price tested the level of 1.6420 in an average volume. In the daily time frame, we can observe a bearish bar in a volume just above the average and there is also an inside-bar formation with high (resistance) at the price of 16677 and the low (support) at the price of 1.6340. Watch for potential breakout of inside-bar support or resistance. I found strong demand trendline (support) around the price of 1.6390 A short-term trend is neutral, but a mid-term trend is still bullish. We created new trading range between the level of 1.6340 and the level of 1.6675. I am still waiting for larger liquidity and stronger price action to confirm further direction.

Fibonacci Pivot Points :

Resistance levels:

R1: 1.6565

R2: 1.6610

R3: 1.6680

Support levels:

S1: 1.6415

S2: 1.6370

S3: 1.6300

Trading recommendations: Selling EUR/NZD looks risky. We can observe strong support around the level of 1.6425.

Summary
Urgency
Analytic
Petar Jacimovic
Start trade
Gagnez sur les variations du cours des cryptomonnaies avec InstaForex.
Téléchargez MetaTrader 4 et ouvrez votre première transaction.
  • 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