EUR/NZD Intraday: the downside prevails as long as 1.7931 is resistance
May 8, 2024 22:05
EUR/NZD (EUR/NZD)
0.00255+0.14%
the downside prevails as long as 1.7931 is resistance.
Our pivot point is at 1.7931.
Our preference: the downside prevails as long as 1.7931 is resistance.
Alternative scenario: the upside breakout of 1.7931, would call for 1.7970 and 1.7993.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.7914 and 1.7926).
Supports and resistances:
1.7993 **
1.7970 *
1.7931 **
1.7916
1.7900 last
1.7842
1.7819 **
1.7796 *
1.7773 **
Our preference: the downside prevails as long as 1.7931 is resistance.
Alternative scenario: the upside breakout of 1.7931, would call for 1.7970 and 1.7993.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.7914 and 1.7926).
Supports and resistances:
1.7993 **
1.7970 *
1.7931 **
1.7916
1.7900 last
1.7842
1.7819 **
1.7796 *
1.7773 **
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
