InstaForex - Analytics

    InstaForex

    699.25 6.25/10
    61% of positive reviews
    Real

    EUR/NZD analysis for March 17, 2015

    EURNZDDaily17.png

    Show full picture

    1426606398_GOLDH417.png

    Show full picture

    Overview:

    In our last analysis EUR/NZD was trading upwards. The price has tested the level of 1.4509 in a high volume. We can observe testing of our Fibonacci retracement 38.2% at the price of 1.4490. The mid-term trends are bearish and my advice is to watch for potential selling opportunities after corrections. I found resitance about the price of 1.4560 (swing low like resistance). My advice is to be careful when buying and to watch for potential selling opportunities after retracement.

    Daily Fibonacci pivot levels:

    Resistance levels:

    R1: 1.4353

    R2: 1.4376

    R3: 1.4413

    Support levels:

    S1: 1.4278

    S2: 1.4256

    S3: 1.4219

    Trading recommendations: Be careful when buying at this stage and watch for potential selling opportunities after a retracement (after bullish correction).


    Petar Jacimovic neemt deel aan de "Analyst of the Year" onderscheiding georganiseerd door MT5.com portal. Als u zijn artikel goed vindt, stemt u dan op hem.

    Uitgevoerd door, Analytische expert
    InstaForex Group © 2007-2015

    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree