Tuesday , 22 August 2017

Home » RESOURCES » FOREX » EUR/NZD analysis for January 15, 2016

EUR/NZD analysis for January 15, 2016

EURNZDDaily.png15.png

EURNZDH1.png15.png

Overview:

Recently, EUR/NZD has been moving upwards. As I expected, the price tested the level of 1.7067 in a volume above the average. In the daily time frame, the price has broken 100 SMA and resistance at the level of 1.6760. In the H1 time frame, I found that the price has broken the bullish flag pattern. Selling EUR/NZD at this stage looks risky. Watch for potential buying opportunities on dips. The next upward station is seen around the level of 1.7330 (Fibonacci expansion 161.8%). I also found a daily swing low around the level of 1.7330, which is acting as resistance right now.

Fibonacci Pivot Points:

Resistance levels:

R1: 1.6955

R2: 1.7035

R3: 1.7165

Support levels:

S1: 1.6695

S2: 1.6615

S3: 1.6480

Trading recommendations: The short-term trend is still upward. So, watch for potential buying opportunities on dips.

The material has been provided by InstaForex Company – www.instaforex.com

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.

EUR/NZD analysis for January 15, 2016 Reviewed by on . Overview: Recently, EUR/NZD has been moving upwards. As I expected, the price tested the level of 1.7067 in a volume above the average. In the daily time frame, Overview: Recently, EUR/NZD has been moving upwards. As I expected, the price tested the level of 1.7067 in a volume above the average. In the daily time frame, Rating:
scroll to top