Thread: Eur/Nzd
If a M15 close above 1.7300 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1.7200 sell only and do not buy. If price closes back above it again do nothing
The range 1.7300 and 1.7200 is neutral area, any trade done in between is personal decision and not part of this analysis
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risk appetite creeping back into markets, the kiwi is likely to benefit as traders remain reluctant to move into the euro until further details on the proposed measures come to light. Accordingly our bias this setup will be weighed to the downside.
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the pair and as we can see from the chart has closed it's daily candle under the level of 1.7400 , so , that's mean the down trend is still standing and the pair is heading to 1.7350 then 1.7300
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I expect confirmation of the "head & shoulders"-but also to depreciation of the euro in the support area around 1.7170.Confirm the short-term downtrend and RSI indicator.
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we can notice from the chart that the pair has closed it's daily candle under 1.7300 , that's mean the down trend is expected and the pair might head to 1.7270 then 1.7240 , however the pair made a hourly correction
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The price is ranging around the SMA 50 and above the SMA 200. The ADX 20 is at the level 20, showing a very quite market. There’s no conspicuous gap between the -DI and +DI, but the price may move higher. I’ve no new trade on this instrument.
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the pair as we can see on the chart has success in breaking the level of 1.7300 and reached the level of 1.7270 , that's mean the down trend is standing and the pair might head to 1.7250 then 1.7230
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Abubakar 148 (2020-11-09)
It is more likely to go down to around 1.7240 or lower, and after that, it might have potentially to go up to around 1.730 or higher . We prefer to buy
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If a M15 close above 1.7490 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1.7300 sell only and do not buy. If price closes back above it again do nothing
The range 1.7490 and 1.7300 is neutral area, any trade done in between is personal decision and not part of this analysis
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Abubakar 148 (2020-04-14)
we can see that the pair has closed it's daily candle above 1.7400 . so , that's means that up trend is expected and the pair might head to 1.7480 and then 1.7500 ,but also the hourly correction is expected before continue in the up trend
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Abubakar 148 (2020-08-13), isha (2018-11-23), Tilla420 (2020-08-11)
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