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 November 24, 2014

NZDUSDM30.png


Fundamental overview:


Technical comment:
NZD/USD is expected to trade with a bullish bias. It is supported by the Kiwi demand on buoyant NZD/JPY cross amid the positive risk sentiment and NZD-USD interest differential. But NZD/USD gains are tempered by the positive dollar sentiment, weak dairy prices; and Kiwi sales on buoyant AUD/NZD cross. Daily chart is mixed as stochastics is bearish near the overbought levels, but MACD is in a bullish mode.


Trading recommendations:
The pair is trading above its pivot point. It is likely to trade in a higher range as far as it remains above its pivot point. As long as the price is keeping above its pivot point, a long position is recommended with the first target at 0.7910 and the second target at 0.7945. In an alternative scenario, if the price moves below its pivot points, short positions are recommended with the first target at 0.7820. A break of this target would push the pair further downwards and one may expect the second target at 0.7790. The pivot point is at 0.7850.


Resistance levels:

0.7910

0.7945

0.8005

Support levels:

0.7820

0.7790

0.7750


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