MG Network

something big isHappening!

In the mean time you can connect with us with via:

Copyright © Money Grows Network | Theme By Gooyaabi Templates

Money Grows Network

Archive

Powered by Blogger.

Welcome To Money Grows Network

Verified By

2006 - 2019 © www.moneygrows.net

Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

Popular

Pages

Expert In

Name*


Message*

EUR/NZD analysis for September 02, 2014

EURNZDDaily02.png


EURNZDH402.png


Overview:


Since our last analysis, EUR/NZD has been trading upwards. The price tested the level of 1.5748 in a volume above average. It is still unsafe to buy anything, so watch for potential selling opportunities after retracement. I have placed Fibonacci retracement to find potential resistance levels and I got Fibonacci retracement 38.2% at the price of 1.5740 and Fibonacci retracement 61.8% at the price of 1.5800. According to the 4H time frame, we are in a bullish corrective phase.


Daily Fibonacci pivot levels :


Resistance levels:


R1: 1.5711


R2: 1.5728


R3: 1.5756


Support levels:


S1: 1.5656


S2: 1.5639


S3: 1.5612


Trading recommendations: Be careful when buying the EUR/NZD pair and watch for selling opportunities after retracement.


The material has been provided by InstaForex Company - www.instaforex.com