Technical Overview of EUR/NZD, NZD/CAD and EUR/USD Currency Pair

EUR NZD

EUR NZD

The EUR traded higher against the NZD and closed at 1.7085.

The Pair
1 – Formed a Mother bar inside bar @ D1.
2 – Stalls at the Yearly Pivot.
3 – Stalls at the Quarterly Resistance.
4 – Stalls at the Monthly Resistance.
5 – Making a series of HH and HL.
7 – Formed A Support Trend Line.
8 – Volume Candle Formed UP THRUST. 

A retest with two bullish candles followed by a bearish candle with low volume.
A retest with two bearish candles followed by a bullish candle with low volume.

According to the Analysis, The pair is expected to find support at 1.70145, and a fall through could take it to the next support level of 1.69438. The pair is expected to find its first resistance at 1.71349, and a rise through could take it to the next resistance level of 1.71846.

EUR NZD Previous Day range was 120.4 and Current Day Range is 62.1.

NZD CAD

NZD CAD

The NZD traded higher against the CAD and closed at 0.8849.

The Pair
1-Formed a Mother bar inside bar @ D1.
2-Stalls at the Quarterly Support.
3-Making a series of LH and LL.

Break above 127 Extension may form a Bullish Momentum.
Break below 127 Extension may form a Bearish Momentum.

A retest with two bullish candles followed by a bearish candle with low volume.
A retest with two bearish candles followed by a bullish candle with low volume.

According to the Analysis, The pair is expected to find support at 0.88332, and a fall through could take it to the next support level of 0.88175. The pair is expected to find its first resistance at 0.88624, and a rise through could take it to the next resistance level of 0.88838.

NZD CAD Previous Day range was 29.2 and Current Day Range is 35.4.

EUR USD

EUR USD

The EUR traded higher against the USD and closed at 1.1221.

The Pair
1- Formed a Motherbar Inside bar @ D1 & broke Upwards
2- Retested the High of Motherbar Insidebar
3- Making a series of LH and LL
4- Formed A Resistance Trend Line
5- Formed A Support Trend Line

Break above 127 Extension may form a Bullish Momentum
Break below 127 Extension may form a Bearish Momentum

A retest with two bullish candles followed by a bearish candle with low volume.
A retest with two bearish candles followed by a bullish candle with low volume.

According to the Analysis, The pair is expected to find support at 1.12073, and a fall through could take it to the next support level of 1.11932. The pair is expected to find its first resistance at 1.12494, and a rise through could take it to the next resistance level of 1.12774.

Leave a Reply