empty
 
 
05.08.2014 11:53 AM
EUR/NZD analysis for August 05, 2014

This image is no longer relevant

This image is no longer relevant

Overview:

Since our last analysis, EUR/NZD has been trading downwards. As we expexted, the price tested the level of 1.5703 in a volume above the average according to the 4H timeframe. According to the daily timeframe, we can observe weak demand in an average volume around the price of 1.5815, which caused the price to start with downward movement. I have placed Fibonacci expansion to find potential end of a bullish corrective phase and I got Fibonacci expansion 161.8% at the price of 1.5815 (successfully tested). According to the 1H timeframe, we can observe that strong supply in an ultra high volume has entered the market. So, be careful with buying and watch for potential selling opportunities. According to previous price action, I have found support level around the price of 1.5625 (swing high like support).

Daily pivot Fibonacci points:

Resistance levels:

R1: 1.5782

R2: 1.5798

R3: 1.5825

Support levels:

S1: 1.5729

S2: 1.5713

S3: 1.5687

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

Petar Jacimovic,
Especialista em análise na InstaForex
© 2007-2025
Summary
Urgency
Analytic
Petar Jacimovic
Start trade
Ganhe com as variações das taxas das criptomoedas com a InstaForex.
Baixe o MetaTrader 4 e abra a sua primeira operação.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    PARTICIPE DO CONCURSO
  • Chancy Deposit
    Deposite US $ 3.000 em sua conta e receba $6000 mais!
    Em Dezembro nós sorteamos $6000 na campanha Chancy Deposit!
    Tenha a chance de ganhar, depositando $3,000 em sua conta de negociação. Após cumprir essa condição, você se torna um participante da campanha.
    PARTICIPE DO CONCURSO
  • Trade Wise, Win Device
    Abasteça a sua conta com pelo menos $500, inscreva-se no concurso e tenha a chance de ganhar dispositivos móveis.
    PARTICIPE DO CONCURSO
  • Bônus de 30%
    Receba um bônus de 30% toda vez que você fizer um depósito em sua conta
    RECEBA O BÔNUS

Recommended Stories

Não pode falar agora?
Faça sua pergunta no chat.
Widget callback