empty
 
 
21.10.2015 01:42 PM
EUR/NZD analysis for October 21, 2015

This image is no longer relevant

This image is no longer relevant

Overview:

Recently, EUR/NZD has been moving upwards. The price tested the level of 1.6944. In the daily time frame, we can observe a weak demand bar. The price is above the 200 SMA in the daily and weekly time frames. The price is about to break our downward channel, but we still need high-volume demand to confirm it. Selling EUR/NZD at this stage looks risky. I am waiting for larger liquidity and stronger price action to confirm further direction. The first support level is seen at 1.6505. According to the H1 time frame, I found 4-day base broken and double bottom. So, watch for potential buying opportunities. Anyway, I would wait for a clear price action and larger liqudity to confirm further direction.

Fibonacci Pivot Points :

Resistance levels:

R1: 1.6835

R2: 1.6895

R3: 1.6991

Support levels:

S1: 1.6645

S2: 1.6585

S3: 1.6490

Trading recommendations: Be careful when selling at this stage. Buying positions are preferable. Resistance level is around the price of 1.7190.

Dapatkan keuntungan dari perubahan nilai mata uang kripto dengan InstaForex.
Unduh MetaTrader 4 dan buka perdagangan pertama Anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    GABUNG KONTES
  • Chancy Deposit
    Isi akun Anda sebesar $3000 dan dapatkan $1000 lebih banyak!
    Pada Juni kami mengundi $1000 dalam promo Chancy Deposit!
    Dapatkan kesempatan untuk menang dengan melakukan deposit sebesar $3000 pada akun trading Anda. Setelah memenuhi persyaratan ini, Anda telah menjadi partisipan promo.
    GABUNG KONTES
  • Trade Wise, Win Device
    Top up akun anda dengan dana minimal $500, daftar kontes, dan dapatkan peluang untuk memenangkan perangkat seluler.
    GABUNG KONTES
  • 100% Bonus
    Kesempatan langka untuk mendapatkan bonus 100% pada deposit anda
    DAPATKAN BONUS
  • 55% Bonus
    Ajukan bonus 55% pada setiap deposit anda
    DAPATKAN BONUS
  • 30% Bonus
    Raih bonus 30% setiap kali anda top up
    DAPATKAN BONUS

Artikel yang direkomendasikan

Tidak bisa bicara sekarang?
Tanyakan pertanyaan anda lewat chat.
Widget callback