empty
 
 
20.08.2014 02:18 PM
EUR/NZD analysis for August 20, 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 was tested and rejected from the level of 1.5883. Price has been successfully rejected again from our Fibonacci retracement 61.8% at the price of 1.5900, which is a sign that buying looks very risky I have placed Fibonacci retracement to find support levels and I got Fibonaccci retracement 38.2% at the price of 1.5710 and Fibonacci retracement 61.8% at the price of 1.5595. Watch for potential selling opportunities after retracement. So, if the price breaks the level of 1.5710 in a higher volume, we may see potential testing the level of 1.5595. According to the 30m time frame, we can observe absorption volume since buying climax got absorbed by sellers.

Daily pivot Fibonacci points:

Resistance levels:

R1: 1.5842

R2: 1.5865

R3: 1.5903

Support levels:

S1: 1.5765

S2: 1.5742

S3: 1.5703

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