Eur/nzd analysis for 02.13.2013 by using : pivot indicator.
r3: 1.6302
r2: 1.6215
r1: 1.6110
pivot : 1.6023
s1: 1.5918
s2: 1.5831
s3: 1.5726
Thread: Eur/Nzd
Eur/nzd analysis for 02.13.2013 by using : pivot indicator.
r3: 1.6302
r2: 1.6215
r1: 1.6110
pivot : 1.6023
s1: 1.5918
s2: 1.5831
s3: 1.5726
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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
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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 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.
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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
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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
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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
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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.
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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
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.
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.
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