Technical Analysis – EUR/NZD is extending losses

EUR/NZD 14Feb19 | EconAlerts

EUR/NZD posts new 2-month low around 1.6500. EUR/NZD is printing its second strong day of losses after the failed attempt to break above the area which encapsulates the 38.2% Fibonacci retracement level of the down leg from 1.7925 to 1.6330, around 1.6940. Currently, the pair is recording a fresh two-month low of 1.6500 as it […]

Technical Analysis – EUR/NZD regaining ground

EUR/NZD 07/12/18 | EconAlerts

EUR/NZD rebounds on a 14-month low, regaining ground. EUR/NZD created a strong negative rally over the last two months, after the pullback on the three-year high of 1.7925. Looking at the very short-term, the price has been moving higher since yesterday finding support on the 14-month low of 1.6330. However, the technical indicators are hovering in the bearish zone. The […]

Technical analysis – EUR/NZD tests eleven-month lows

EUR/NZD 28/11/2018 | EconAlerts

EUR/NZD tests eleven-month lows, negative in the medium-term. EUR/NZD plunged after touching a three-year high of 1.7925 in early October, crossing below its 50- and 200-day simple moving averages (SMA) to briefly touch 1.6550 – a low last seen in January. A decisive move below 1.6550 would mark a lower low on the daily chart, […]

Technical Analysis – EUR/NZD looks overbought

EUR/NZD 04/08/18 | EconAlerts

EUR/NZD challenges 3-year high; looks overbought. EUR/NZD has been outperforming over the last couple weeks, after the rebound on 20- and 40-simple moving averages (SMAs) in the daily timeframe. The price reached a fresh almost three-year high of 1.7673, during today’s trading session with strong momentum. The MACD oscillator is strengthening its positive momentum as it lies above […]