SubscribeIt seems to that this pair is going up for this week and got strong resistance at different level if any downfall occurs in this pair.
Its good time to open long-term position over this pair.
Thread: Eur/Nzd
It seems to that this pair is going up for this week and got strong resistance at different level if any downfall occurs in this pair.
Its good time to open long-term position over this pair.
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The strong reversal from this support level sent the pair sharply up breaking through the upper resistance trendline of this chart pattern with the Breakout measured at the maximum 10 bar level
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The pair is expected to continue rising in the direction of the Forecast Area set between price levels 1.7526 and 1.7979.
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we can see that the pair has closed it's daily candle above 1.7300 . so , that's means that up trend is expected and the pair might head to 1.7330 and then 1.7360 ,but also the hourly correction is expected before continue in the up trend
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Accordingly, our biased on the pair is to the downside noting preferred entry targets at the 23.6% Fibonacci extension taken April 18th and May 26th troughs at 1.7570 and the 1.76-figure. Downside targets are held at the 1.75-handle, 1.7440, and 1.74
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The pair is expected to continue rising in the direction of the Forecast Area set between price levels 1.7526 and 1.7979.
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.
Taking price into a 4H chart, we can see price testing our resistance line near the 1.7800 level. Currently price has tested this trend line three times with the EUR/NZD to yet form a higher high
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he pair has succeeded in breaking the level of 1.7200 , so that's mean the uptrend is still standing and the pair might continue it's up movements heading to 1.7300 and then 1.7340
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It seems that the pair has stated it's trading week under the level of 1.7100 and that's mean that the down trend is still standing and the pair might head to 1.7060 and then 1.7020 but also the pair will make some correction befor continue down
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.
It seems that the pair has stated it's trading week under the level of 1.7100 and that's mean that the down trend is still standing and the pair might head to 1.7060 and then 1.7020 but also the pair will make some correction befor continue down
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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