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 May 23, 2016

analytics5742f0ca9c304.png

Recently, EUR/NZD has been moving downwards. As I expected, the pair tested the level of 1.6470 in a high volume. According to the 1H time frame, I found a sign of strength. A bearish bar in a high volume but closed in the middle. For me, this is a big warning for sellers. After the strength came in, I saw the reaction from buyers, which is a good sign that buyers are in control today. Watch for buying opportunities on the dips. Take profit level is set at the price of 1.6585.

Fibonacci Pivot Points:

Resistance levels:

R1: 1.6610

R2: 1.6631

R3: 1.6665

Support levels:

S1: 1.6545

S2: 1.6522

S3: 1.6490

Trading recommendation for today: Be careful when selling and watch for buying opportunities on the dips.

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