empty
 
 
08.11.2016 12:47 PM
Technical analysis of NZD/USD for November 08, 2016
This image is no longer relevant

Overview:

The NZD/USD pair faced resistance at the level of 0.7388, while minor resistance is seen at 0.7340. Support is found at the levels of 0.7259 and 0.7206. The pivot point has already been set at the level of 0.7312. Equally important, the NZD/USD pair is still moving around the key level at 0.7340 - 1.7312, which represents a daily pivot in the H4 time frame at the moment. Yesterday, the NZD/USD pair continued moving upwards from the level of 0.7300. The pair rose to the top around 0.7350 from the level of 0.7312 (coincides with the ratio of 61.8% Fibonacci retracement). In consequence, the level of 0.7350 is expected to act as the first resistance today. We expect the NZD/USD pair to stop moving in the bullish trend in order to rebound from the area of 0.7350 - 0.7388. Moreover: If the pair fails to pass through the levels of 0.7350 - 0.7388, the market will indicate a bearish opportunity below the level of 0.7350 - 0.7388. So, the market will decline further to 0.7259 and 0.7206 to return to the daily support. Moreover, a breakout of that target will move the pair further downwards to 0.7140. On the other hand, if a breakout happens at the resistance level of 0.7388, then this scenario may be invalidated.

Comment:

  • Date | Time : Tuesday, November 8th, 2016 | All Day.
  • Currency: US Dollar - (USD).
  • Impact: High impact expected.
  • Detail: Presidential Election. Voters will elect the 46th President of the United States.
Jana pendapatan melalui perubahan kadar mata wang kripto dengan InstaForex.
Muat turun MetaTrader 4 dan buka dagangan pertama anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    SERTAI PERADUAN
  • Chancy Deposit
    Deposit akaun anda sebanyak $3,000 dan dapatkan $5000 lebih lagi!
    Dalam November kami membuat cabutan bertuah $5000 dalam Kempen Chancy Deposit!
    Dapatkan peluang untuk menang dengan membuat deposit $ 3000 ke dalam akaun dagangan. Setelah memenuhi syarat ini, anda menjadi peserta kempen.
    SERTAI PERADUAN
  • Trade Wise, Win Device
    Daftar untuk peraduan dan tambah dana akaun anda dengan sekurang-kurangnya AS$ 500 untuk layak memenangi peranti mudah alih.
    SERTAI PERADUAN
  • Bonus 100%
    Peluang istimewa anda untuk menerima bonus 100% pada deposit anda
    DAPATKAN BONUS
  • Bonus 55%
    Dapatkan bonus 55% pada setiap deposit anda
    DAPATKAN BONUS
  • Bonus 30%
    Dapatkan bonus 30% setiap kali anda membuat penambahan dana akaun anda
    DAPATKAN BONUS

Artikel yang dicadangkan

Tidak boleh bertanya sekarang?
Tanya soalan anda di Ruangan bersembang.
Panggilan semula Widget