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    EUR/NZD : analysis for April 29, 2015

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    Overview:

    Recently, EUR/NZD has been trading upwards. As we had expected, the price tested the level of 1.4343 in a high volume. The short-term trend is bullish. Be careful when selling at this stage and watch for potential buying opportunities after a bearish correction. According to the H4 time frame, we can observe that our Fibonacci retracement 38.2% at 1.4200 was held successfully. It caused the price to start moving upwards. Resistance levels are seen at the levels of 1.4385, 1.4490, and 1.4525. According to the daily time frame, we can observe a weak supply in the background, which is a sign that selling looks risky.

    Fibonacci Pivot Points:

    Resistance levels:

    R1: 1.4265

    R2: 1.4290

    R3: 1.4325

    Support levels:

    S1: 1.4190

    S2: 1.4165

    S3: 1.4130

    Trading recommendations: Be careful when selling EUR/NZD and watch for potential buying opportunities after a retracement.


    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
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