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Analysis on EURNZD 9.06.2016
Written by: PaxForex analytics dept - Thursday, 09 June 2016 0 comments
The price is below the moving average 20 MA and 200 MA, indicating the downward trend. Average in the MACD is below the zero level. The oscillator Force Index is below the zero level.
If the price rebound from resistance level, you shall follow recommendations below: • Timeframe: H4 • Recommendation: Short Position • Entry Level: Short Position 1.5910 • Take Profit Level: 1.5810 (100 pips)
If the level of resistance is broken, you shall follow recommendations below: