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*

Technical analysis of NZD/USD for September 14, 2016

NZDUSDM30.png

NZD/USD is expected to prevail its downside movement. The pair remains on the downside, and is likely to test the next support at 0.7300. Meanwhile, the descending 50-period moving average plays a resistance role, and should continue to push the prices lower. In addition, the relative strength index is below its neutrality area at 50. To conclude, as long as 0.7300 holds on the upside, the pair is likely to drop to 0.7220 at first, and then to 0.7185.

The pair is trading below its pivot point. It is likely to trade in a lower range as long as it remains below the pivot point. Short positions are recommended with the first target at 0.7220. A break below this target will move the pair further downwards to 0.7180. The pivot point stands at 0.7300. In case the price moves in the opposite direction and bounces back from the support level, it will move above its pivot point. It is likely to move further to the upside. According to that scenario, long positions are recommended with the first target at 0.7335 and the second one, at 0.7380.

Resistance levels: 0.7335, 0.7380, 0.7410

Support levels: 0.7220, 0.7185, 0.7120

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