InstaForex - Analytics

    InstaForex

    695.00 6.50/10
    61% of positive reviews
    Real

    EUR/NZD analysis for March 31, 2015

    EURNZDDaily31.png

    Show full picture

    EURNZDH431.png

    Show full picture

    Overview:

    In our last analysis, EUR/NZD was trading downwards. The price has tested the level of 1.4307 in an average volume. The price found support around the level of 1.4330 (our Fibonacci expansion 61.8%). The short-term trend is still neutral. So, be careful when trading EUR/NZD. According to price action on 4H time frame, we can see a pin bar and rejection from our Fibonacci expansion 61.8%. My advice is to watch for potential buying opportunities. The first resistance level is around the price of 1.4440.

    Daily Fibonacci pivot levels:

    Resistance levels:

    R1: 1.4447

    R2: 1.4462

    R3: 1.4486

    Support levels:

    S1: 1.4400

    S2: 1.4384

    S3: 1.4360

    Trading recommendations: We are in neutral trend. So we need to a clear direction in the next period for better trading opportunities. Anyway, buying positions are preferable.


    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