VAISHU09's Blog

Avatar

EUR/NZD MAY RISE ON ECB EXPECTATIONS.

EUR/NZD is in uptrend on weeknly and on monthly chart. Recently published economic data of New Zealand is below expectations and EUR rising in expectations that ECB may not extend quantitative easing beyond December 2017. As recently published economic data of euro zone and individual countries in Euro Area is well above expectations. So I expect it to rise and it may reach near its next resistance which is at 1.72752.
Technical Analysis: EUR/NZD is in uptrend on monthly and on weekly chart.
Too…
Lisez l'histoire complète
Traduire en Anglais Montrez l'original
VAISHU09 avatar
VAISHU09 23 nov

It may touch my target.

VAISHU09 avatar
VAISHU09 23 nov

As today it is at 200 pips above my target price and in the correction it might go down.

oupour laisser des commentaires
Avatar

TECHNICAL OUTLOOK ON EUR/NZD

After remaining sideways for many days EUR/USD had a breakout and it is rising from there. Its next resistance stands at 1.69295. Fundamentally market participants expecting ECB may not extend Quantitative easing after it ends in December 2017. Recently published data like trade balance suggests New Zealand economic growth is on track again. So I expect a retracement after growth in EUR/NZD.
Technical Analysis: EUR/NZD is in uptrend on monthly and on weekly chart.
Tools Used: Ichimoku Cloud, Fib…
Lisez l'histoire complète
Traduire en Anglais Montrez l'original
oupour laisser des commentaires