empty
03.07.2024 07:15 AM
Technical Analysis of Intraday Price Movement of EUR/NZD Cross Currency Pairs, Wednesday July 03, 2024.

This image is no longer relevant

If we look at the 4 hour chart of the EUR/NZD cross currency pair, it can be seen that there is a strengthening correction which is marked by its movement moving harmoniously within the Bullish Pitchfork channel and also confirmed by the EMA 20 which is above the EMA 50 but with deviations appearing in the price movement of EUR/NZD which forms a Higher High while the Stochastic Oscillator indicator forms a Double Top, then in the near future EUR/NZD has the potential to return to its initial bias where the level of 1.7647 will try to be broken if there is no further strengthening which breaks above the level of 1.7741 and the level of 1.7647 is successfully penetrated downwards then EUR/NZD Today it has the potential to fall lower to level 1.7540 as the main target and if momentum and volatility support it then level 1.7480 will be the next target to be aimed at.

(Disclaimer)

Summary
Urgency
Analytic
Arief Makmur
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

XAU/USD: Price Analysis, Forecast, and Current Market Situation

From a technical perspective, Friday's decline below the horizontal support at $4,150, followed by subsequent downward movement and a close below the round level of $4,100, became a new trigger

Irina Yanina 23:29 2025-11-16 UTC+2

EUR/USD Forecast on November 14, 2025

On Thursday, the EUR/USD pair consolidated above the 61.8% retracement level at 1.1594 and rose toward the resistance level of 1.1645–1.1656, as forecast. A rebound from this zone on Friday

Samir Klishi 11:06 2025-11-14 UTC+2

GBP/USD Forecast on November 14, 2025

On the hourly chart, the GBP/USD pair on Thursday made another rebound from the 161.8% retracement level at 1.3110 and rose above 1.3186. At that moment, it might have seemed

Samir Klishi 11:03 2025-11-14 UTC+2

GBP/USD. Technical Analysis on November 14, 2025

On Thursday, the pair moved upward, tested the 21-period EMA at 1.3214 (thin black line), and then the price went down, closing the daily candle at 1.3187. Today the pair

Stefan Doll 10:52 2025-11-14 UTC+2

EUR/USD. Technical Analysis on November 14, 2025

On Thursday, the pair moved upward, tested the 50% retracement level at 1.1655 (blue dashed line), and then went down, closing the daily candle at 1.1632. Today it may continue

Stefan Doll 10:46 2025-11-14 UTC+2

Forex forecast 14/11/2025: EUR/USD, USD/JPY, GBP/USD, Gold, SP500 and Bitcoin

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful

Sebastian Seliga 10:13 2025-11-14 UTC+2

Trading Signals for EUR/USD for November 14-17, 2025: sell below 1.1650 (200 EMA - 7/8 Murray)

ER/USD is trading around 1.1639, above the 200 EMA, and above the 21 SMA, within a descending trend channel. In the coming hours, the euro could reach the strong resistance

Dimitrios Zappas 06:12 2025-11-14 UTC+2

Trading Signals for GOLD (XAU/USD) for November 14-17, 2025: sell below $4,250 (21 SMA - 7/8 Murray)

XAU/USD is trading around 4,203, above the 21-SMA and within the ascending trend channel formed since early November. Yesterday, during the US session, gold underwent a sharp technical correction from

Dimitrios Zappas 06:09 2025-11-14 UTC+2

Trading Signals for BITCOIN for November 13-15, 2025: buy above $101,300 (21 SMA - 3/8 Murray)

In case of a pullback, we can expect the instrument to attempt to test the bottom of the ascending trend channel around 101,375. This area could be seen

Dimitrios Zappas 16:46 2025-11-13 UTC+2

Trading Signals for EUR/USD November 13-15, 2025: buy above 1.1600 (21 SMA - 7/8 Murray)

If a consolidation occurs above the 7/8 Murray level, the outlook could be positive for the euro, and any pullback will be seen as an opportunity to open long positions

Dimitrios Zappas 16:30 2025-11-13 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.