Wednesday, May 22, 2019
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EUR/NZD 08/04/19 | EconAlerts

Technical Analysis – EUR/NZD extends bullish actions

EUR/NZD extends bullish actions despite overstretched stochastic. EUR/NZD reached overbought levels according to the stochastic oscillator as the price hovers above the 23.6% Fibonacci retracement level of the downward movement from 1.7925 to 1.6885, around 1.6675, recording a fresh one-month high, today. While the aforementioned technical indicator continues to stand above 80,

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EUR/NZD 18/02/19 | EconAlerts

Technical Analysis – EUR/NZD recovers from a 2-month low

EUR/NZD recovers from a 2-month low after hitting lower Bollinger Band. EUR/NZD has declined considerably over the previous three days, recording a new two-month low around 1.6408 and touching the lower Bollinger Band. Currently, the price is paring some of the losses, approaching the 1.6500 level. Technical indicators in the daily timeframe are reverting

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