Printable View
in the m30 chart the price is break the resistance at 1.6060 and now hold at this price. now it is moving to up side but at the time price become over bought with stoch and cci indicator. this will be break the support but it will again turn to resistance side and will hit the 1.6136
buy eur/nzd at the level 1.6065 with targets at 1.6140 and 1.6180, but in case of breaking the level 1.6040, then sell below this level with targets at 1.5950 and 1.5910
EURNZD This pair is trading at 1.60 83/89 (0.65%), the exponential moving average period 5 is at 1.6087 giving the indication of a Buy situation. The exponential moving average period 20 is at 1.6079 telling us that it is a Buy signal. The ADX is indicating that the trend is Neutral. The main pivot point is at 1.601. Price has been trading between High 1.6110 Low 1.5976.
Eur/nzd analysis for 02.12.2013 by using : pivot indicator.
r3: 1.6233
r2: 1.6171
r1: 1.6107
pivot : 1.6040
s1: 1.5976
s2: 1.5909
s3: 1.5845
this is moving in a channel. the price is 1.6040 is a resistance and the support is 1.5976. this is break the resistance but not right. last candle is inverted hammer so may be we can see down trend. short and target is 1.5980
Yes it is right that tis trend is going in a channel and the support is 1.5960 and we can see that there must be down trend
The uptrend succeed sent the price to hit resistance 1.6107 but it seems like the correction could be occur if resistance can reject the bullish and send the price back to 1.6053.
eurnzd continues its sturdy bearish momentum after closing below intraday tunnel, the bias is bearish targeting last weeks low at 1. 6623 well before you make another historical low
:))) hahahaha