MG Network

something big isHappening!

In the mean time you can connect with us with via:

Copyright © Money Grows Network | Theme By Gooyaabi Templates

Money Grows Network

Archive

Powered by Blogger.

Welcome To Money Grows Network

Verified By

2006 - 2019 © www.moneygrows.net

Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

Popular

Pages

Expert In

Name*


Message*

EUR/NZD analysis for November 03, 2016

analytics581b45f2ea826.png

Recently, EUR/NZD has been moving downwards. As I expected, the price tested the level of 1.5115 in a high volume. On 15M time frame and using the market profile, I found potential bottoming. The price found the low at 1.5116 and demand came in on the market. I found a strong point of control at the price of 1.5215. Watch for potential buying opportunities with a target around the price of 1.5215. The short-term trend is downward but we may see potential bullish correction. The breakout of the 1.5115 may confirm a further downward continuation.

Fibonacci Pivot Points: Resistance levels

R1: 1.5350

R2: 1.5390

R3: 1.5480

Support levels:

S1: 1.5180

S2: 1.5130

S3: 1.5045

Trading recommendations for today: Watch for potential buying opportunities.

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