InstaForex - Analytics

InstaForex

719.00 6.50/10
61% of positive reviews
Real

EUR/NZD : analysis for May 11, 2015

EURNZDDaily11.png

Show full picture

EURNZDH411.png

Show full picture

Overview:

Recently, EUR/NZD has been trading upwards. As we expected, the price tested the level of 1.5185 in a high volume. The short-term trend is bullish. Our target at 1.5155 (Fibonacci retracement 50%) has been reached and we can observe a completed bearish corrective phase in the background. According to the daily time frame, we can observe supply in a volume just above average in the background. Our target is at the price of 1.5450. Watch for potential buying opportunities on the dips (after bearish correction).

Fibonacci Pivot Points:

Resistance levels:

R1: 1.5100

R2: 1.5150

R3: 1.5230

Support levels:

S1: 1.4950

S2: 1.4900

S3: 1.4826

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
InstaForex Group © 2007-2015


To leave a comment you must be or register

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