empty
 
 
01.05.2014 01:37 PM
EUR/NZD analysis for May 01, 2014

This image is no longer relevant
This image is no longer relevant

Overview

Since our previous analysis, the EUR/NZD pair has been trading downwards, as we expected, the price tested the level of 1.6067 on volume above the average. We can observe that our Fibonacci expansion level of 100% at the price of 1.6244 held successfully and that caused price to go downwards. According to the daily chart, we can observe that supply overcoming demand just like we expected. As we already wrote in the previous analysis, EUR/NZD is in short- and mid-term bearish trend, so watch for selling opportunities after retracement. According to the 4H timeframe chart, we can observe rejecetion on ultra high volume (buying climax) from our Fibonacci retracement 38.2% at the price of 1.6160. Price broke our first support level (1.6095) and we may see possible testing of the level of 1.6000 (previous swing low).

Daily pivot Fibonacci points:

Resistance levels:

R1: 1.6172

R2: 1.6203

R3: 1.6253

Support levels:

S1: 1.6072

S2 : 1.6041

S3: 1.5991

Trading recommendation: Be careful with buying the EUR/NZD and watch for selling opportunities after retracement.

Dapatkan keuntungan dari perubahan nilai mata uang kripto dengan InstaForex.
Unduh MetaTrader 4 dan buka perdagangan pertama Anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    GABUNG KONTES
  • Chancy Deposit
    Isi akun Anda sebesar $3000 dan dapatkan $3000 lebih banyak!
    Pada September kami mengundi $3000 dalam promo Chancy Deposit!
    Dapatkan kesempatan untuk menang dengan melakukan deposit sebesar $3000 pada akun trading Anda. Setelah memenuhi persyaratan ini, Anda telah menjadi partisipan promo.
    GABUNG KONTES
  • Trade Wise, Win Device
    Top up akun anda dengan dana minimal $500, daftar kontes, dan dapatkan peluang untuk memenangkan perangkat seluler.
    GABUNG KONTES
  • 100% Bonus
    Kesempatan langka untuk mendapatkan bonus 100% pada deposit anda
    DAPATKAN BONUS
  • 55% Bonus
    Ajukan bonus 55% pada setiap deposit anda
    DAPATKAN BONUS
  • 30% Bonus
    Raih bonus 30% setiap kali anda top up
    DAPATKAN BONUS

Artikel yang direkomendasikan

Tidak bisa bicara sekarang?
Tanyakan pertanyaan anda lewat chat.
Widget callback