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 November 25, 2016

analytics583833fb94b76.png

Recently, EUR/NZD has been moving downwards. The price tested the level of 1.5019 in a high volume. Using the market profile on the M30 time frame, I found that the price rejected from strong point of control at 1.5115 in the background. The price is trading below 21SMA, which is a sign of weakness. I placed Fibonacci expansion to find potential downward targets. The first downward target is set at the price of 1.5000; and the second, at 1.4980. The second possible scenario for EUR/NZD sideways trading near the level of 1.5040.

Fibonacci Pivot Points:

Resistance levels

R1: 1.5100

R2: 1.5125

R3: 1.5160

Support levels:

S1: 1.5030

S2: 1.5015

S3: 1.4975

Trading recommendations for today: Watch for a potential downside or try to trade in the range.

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