EUR/NZD Technical Analysis and Forex Strategy as on Monday, March 30 2015

EUR/NZD

RECOMMENDATION : BUY TARGET 1.4580

SUMMARY:

The overall trend of EUR/NZD is bearish, In hourly chart, prices are taking resistance of falling trend line & consolidating with strong positive bias. 30 DMA & 200 DMA are also providing support to the prices & supporting the further uptrend. If EUR/NZD crosses the trend line and sustains above it then we can expect it to show north ward movement in the prices. If it breaks the level of 1.4455 & sustains above it we can expect it to come up to the levels of 1.4530/1.4580 in next few days.

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INDICATORS:-

RSI is sustaining in buying territory, supporting the upcoming bullish trend in the pair.

MACD is also sustaining above the zero line,indicating the up trend in the market.

Technical Chart

STRATEGY:- EUR/NZD is bouncing back from lower levels. One can go for buy on dips level strategy for this pair for intra day to mid term positions.

GBP USD Now Gold Forex Technical Analysis Monday, March 02 2015

GBP/USD

 

SUMMARY : The primary trend of GBP/USD now is bearish, from last few sessions, we have seen some profit booking at lower levels, but prices are no more sustaining on higher levels. The pair has formed a upward channel in its 4 hourly chart which is expected to give a breakout at downside. Prices are also taking resistance of 30 DMA & can come down to test 200 DMA. Today if the pair breaks 1.5360 & managed to sustain below this level, then we can expect it to come down & test the level of 1.5310 in today's session.

RSI is sustaining in selling territory successfully, supporting downside movement in the pair.

MACD line has recently break the zero line downside, indicating the upcoming bearishness in the market.

 

Daily Gold Forex Trading signals

STRATEGY :- GBP/USD is looking weak on charts. One can go for sell on higher level strategy for this pair for intra day to

mid term positions.