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EUR/NZD MAY RISE ON ECB EXPECTATIONS.

VAISHU09 Posted 11 Ott as Analysis on EUR/NZD, Target: 1.69718, Date: 1 di Dicembre, 12:00 GMT  in #Technical analysis #EUR/NZD
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.
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VAISHU09 23 Nov

It may touch my target.

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VAISHU09 23 Nov

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

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TECHNICAL OUTLOOK ON EUR/NZD

VAISHU09 Posted 11 Set as Analysis on EUR/NZD, Target: 1.63973, Date: 1 di Novembre, 12:00 GMT  in #Technical analysis #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…
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