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 August 03, 2015

EURNZDDaily03.png

EURNZDM3003.png

Overview:

Recently, EUR/NZD has been moving downwards . The price tested the level of 1.6598. In the daily time frame, we can observe a demand bar which closed in the middle in a high volume (sign of weakness). The price rejected from our major resistance level (1.6805). The short-term trend has changed bullish to neutral. Be careful when buying EUR/NZD at this stage and watch for potential selling opportunities. Our upward trendline got broken in the background which is another sign of weakness.

Fibonacci Pivot Points :

Resistance levels:

R1: 1.6780

R2: 1.6850

R3: 1.6965

Support levels:

S1: 1.6545

S2: 1.6475

S3: 1.6360

Trading recommendations: Be careful when buying EUR/NZD and watch for potential selling opportunities. Strong resistance is around the level of 1.6805.

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