empty
 
 
25.08.2015 05:09 PM
EUR/NZD analysis for August 25, 2015

This image is no longer relevant

This image is no longer relevant

Overview:

Recently, EUR/NZD has been moving upwards. As we expected, the price tested the level of 1.8686. The price has spiked 1,000 pips since our last analysis. In the daily time frame, we can observe that sellers started to sell actively around the price of 1.8685. Now, this is a strong sign of weakness. Consider only selling opportunities after retracement. Potential profit targets are 1.7330, 1.6930, and the price of 1.6260.

Fibonacci Pivot Points :

Resistance levels:

R1: 1.8425

R2: 1.8790

R3: 1.9380

Support levels:

S1: 1.7245

S2: 1.6875

S3: 1.6285

Trading recommendations: Watch for buying opportunities on the dips. EUR/NZD is in a strong uptrend.

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $5000 more!
    In November we raffle $5000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback