the pair is trading under level 1.6900 , that's mean the down trend is standing and the pair might reach 1.6850 , but if the pair succeeded in breaking 1.6900 , it will head to 1.6930 and then 1.9660 .
Thread: Eur/Nzd
the pair is trading under level 1.6900 , that's mean the down trend is standing and the pair might reach 1.6850 , but if the pair succeeded in breaking 1.6900 , it will head to 1.6930 and then 1.9660 .
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Primary trend: Bearish
Slowly but steadily, and contrary to what I expected, the bearish move has continued. The price is still quoted below the SMA50 and SMA 200. The ADX 20 level is pointing towards the level 30, indicating a possible renewal of strong bearish pressures. The -DI has just crossed the +DI to the upside. Ive no new position here.
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the pair and as we can see from the chart has closed it's daily candle above the level of 1.6900 , so , that's mean the up trend is still standing and the pair is heading to 1.6940 then 1.6980
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Price is currently at 1.6756, and is in the area between the BB to BB W SD W SD +3 +2.
if so will prices rising, the next observation points are at:
1.) BB W +3 SD 1.6886
2.) BB M +1 SD 1.6926
even if the price is DECREASING onwards, the dots are on the next observation:
1.) Monthly SMA 1.6682
2.) BB W +1 SD 1.6586
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the pair and as we can see from the chart is trading now above the level of 1.6600 , so when ever the pair success in breaking 1.6600 and i think it will do , that's mean the down trend will be assured and the pair might head to 1.6550 and then 1.6500
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Primary trend: Bearish
Slowly but steadily, and contrary to what I expected, the bearish move has continued. The price is still quoted below the SMA50 and SMA 200. The ADX 20 level is pointing towards the level 30, indicating a possible renewal of strong bearish pressures
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.
the pair has succeeded in closing it's daily candle above level 1.6600 , and that's mean the up trend is still standing and the pair might head to 1.6630 and then 1.6660
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.
Primary trend: Bearish
Slowly but steadily, and contrary to what I expected, the bearish move has continued. The price is still quoted below the SMA50 and SMA 200. The ADX 20 level is pointing towards the level 30, indicating a possible renewal of strong bearish pressures
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 (2020-04-20), Fasil1122 (2020-11-29), Zed Storn (2020-05-20)
the pair has succeeded in breaking the level of 1.6600 , so that's mean the uptrend is still standing and the pair might continue it's up movements heading to 1.6630 and then 1.6670
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It should trade higher to 1.6457 while 1.6332 or 1.6299 offers support. Stop loss below 1.6267 zone.
Supports / Resistances
Res 2 1.6522
Res 1 1.6457
Pivot 1.6332
Sup 1 1.6267
Sup 2 1.6142
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