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 October 10, 2016

analytics57fb826a3fac9.png

analytics57fb827761289.png

Recently, EUR/NZD has been moving sideways at the price of 1.5635. On the 30M time frame, I found a trading range between the price of 1.5520 (support) and the price of 1.5680 (resistance). According to the daily time frame, EUR/NZD is in an upward trend. The pair is trading above the 21 SMA and 50SMA, which is a sign that buyers are in control in the short term. Watch for buying opportunities above the price of 1.5680. An upward target is set at the price of 1.5820.

Fibonacci Pivot Points: Resistance levels

R1: 1.5670

R2: 1.5705

R3: 1.5765

Support levels:

S1: 1.5550

S2: 1.5510

S3: 1.5450

Trading recommendations for today: Watch for selling opportunities if the price breaks the level fo 1.5680.

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