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 24, 2014

EURNZDDaily24.png


EURNZDH424.png


Overview:


Since our last analysis, EUR/NZD has been trading upwards. As we expected, the price tested the level of 1.5978 in an average volume according to the daily chart. Our Fibonacci expansion 100% at the price of 1.6000 almost got tested. If the price breaks the level of 1.6010 in a higher volume, we may see potential testing the level of 1.6200 (swing high like resistance). Anyway, be careful when buying at this stage since the price is near the resistance level. My advice is to wait for retracement and then to build buying positions.


Daily Fibonacci pivot levels :


Resistance levels:


R1: 1.5983


R2: 1.6028


R3: 1.6101


Support levels:


S1: 1.5837


S2: 1.5792


S3: 1.5719


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