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 April 20, 2015

EURNZDDaily20.png

EURNZDH420.png

Overview:

Recently, EUR/NZD has been trading downwards. The price tested the level of 1.3944. Our Fibonacci expansion 100% at the level of 1.4025 is broken.The short-term trend is bearish. Be careful when buying and watch for potential selling opportunities after corrections. We may see possible testing of the level at 1.3715 (Fibonacci expansion 161.8%). According to the H4 time frame, we can observe a supply in a average volume. Selling positions are preferable.

Fibonacci Pivot Points:

Resistance levels:

R1: 1.4080

R2: 1.4100

R3: 1.4140

Support levels:

S1: 1.4007

S2: 1.3985

S3: 1.3950

Trading recommendations: Be careful when buying EUR/NZD and watch for potential selling opportunities after retracement.


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