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 17, 2014

EURNZDDaily17.png


EURNZDH117.png


Overview:


Since our last analysis, EUR/NZD has been trading sideways around the price of 1.5850. As we expected, the price rejection took place from the level of 1.5800 (swing high like support) . I have placed Fibonacci expansion to find potential resistance levels. I got Fibonacci expansion 61.8% around the price of 1.5830 (already broken) and Fibonacci expansion 100% at the price of 1.6010. If the price breaks the level of 1.5900 (swing high like resistance), we may see potential testing the level of 1.6000 (Fibonacci expansion 100%). According to the 1H time frame, we can observe Fibonacci retracement 38.2% from the most recenet upward leg at the price of 1.5847 (successful tested). Be careful when selling and watch for potential buying opportunities.


Daily Fibonacci pivot levels :


Resistance levels:


R1: 1.5867


R2: 1.5895


R3: 1.5940


Support levels:


S1: 1.5777


S2: 1.5749


S3: 1.5704


Trading recommendations: Be careful when selling the EUR/NZD pair since we may see further upward movement.


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