Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: EUR/NZD on track to test 200-W SMA at 1.6325, break below required for further weakness

EUR/NZD chart on Trading View used for analysis

  • EUR/NZD trades marginally lower on the day at 1.6440 at 0640 GMT.
     
  • The price is extending weakness for the 4th straight session, bias bearish.
     
  • Price action was rejected at 55-EMA and is now below major moving averages and cloud.
     
  • Technical indicators on weekly charts are biased lower, Stochs, RSI and MACD support downside.
     
  • The pair on track to test 200-W SMA at 1.6325, break below required for further weakness.
     
  • Violation at 200-W SMA could see dip till 61.8% Fib at 1.5831. 

Support levels - 1.6422 (Dec 12 low), 1.6329 (Dec 5 low)

Resistance levels - 1.6559 (5-DMA), 1.6665 (21-EMA), 1.6683 (100-W SMA)

Call update: Our previous call (https://www.econotimes.com/FxWirePro-EUR-NZD-Trade-Idea-1497964) has hit TP1.

Recommendation: Book partial profits at lows. Hold for further weakness.

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex. 
 

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

2019-05-20 01:23:48
0m
2019-05-20 01:23:24
0m
2019-05-20 00:58:43
0m

May 19 23:50 UTC Released

JPGDP QQ Pvt Consmp Prelim

Actual

-0.1 %

Forecast

-0.1 %

Previous

0.4 %

May 19 23:50 UTC Released

JPGDP QQ Annualised

Actual

2.1 %

Forecast

-0.2 %

Previous

1.9 %

January 31 00:00 UTC 682699682699m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 682699682699m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 694519694519m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 682699682699m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 694519694519m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 682699682699m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 682699682699m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 682699682699m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.