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Euro / New Zealand Dollar

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EURNZD trade ideas

EUR/NZD may fall 55 - 77 pipsOur pivot point is at 1.7644. Our preference The downside prevails as long as 1.7644 is resistance. Alternative scenario Above 1.7644, look for 1.7680 and 1.7702. Comment The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.7617 and 1.7621). Supports and resistances 1.7702 ** 1.7680 * 1.7644 ** 1.7629 1.7612 last 1.7557 1.7535 ** 1.7513 * 1.7491 ** Number of asterisks represents the strength of support and resistance levels.
Short
by Daniel_Thompson
EURNZD intraday rallies continues to attract sellers.EURNZD - 24h expiry Our short term bias remains negative. Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. 50 4hour EMA is at 1.7683. We look for a temporary move higher. The sequence for trading is lower lows and highs. We look to Sell at 1.7683 (stop at 1.7733) Our profit targets will be 1.7563 and 1.7533 Resistance: 1.7650 / 1.7680 / 1.7720 Support: 1.7620 / 1.7571 / 1.7530 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA