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EURNZD-LONG

EURNZD Fundamental Analysis – October 14th 2019Here are the key factors to keep in mind today for Euro trades: German Wholesale Price Index: The German Wholesale Price Index for September decreased by 0.4% monthly and by 1.9% annualized. Forex traders can compare this to the German Wholesale Price Index for August which decreased by 0.8% monthly and by 1.1% annualized. Eurozone Industrial Production: Eurozone Industrial Production for August is predicted to increase by 0.3% monthly and to decrease by 2.5% annualized. Forex traders can compare this to Eurozone Industrial Production for July which decreased by 0.4% monthly and by 2.0% annualized. Here are the key factors to keep in mind today for New Zealand Dollar trades: New Zealand Performance of Services Index: The New Zealand Performance of Services Index for September was reported at 54.4. Forex traders can compare this to the New Zealand Performance of Services Index for August which was reported at 54.6. Chinese Trade Balance: The Chinese Trade Balance for September was reported at $39.65B. Economists predicted a figure of $34.75B. Forex traders can compare this to the Chinese Trade Balance for August which was reported at $34.83B. Exports for September decreased by 3.2% annualized and Imports decreased by 8.5% annualized. Economists predicted a decrease of 2.8% and a decrease of 6.0%. Forex traders can compare this to Exports for August which decreased by 1.0% annualized and to Imports which decreased by 5.6% annualized. Chinese New Yuan Loans: Chinese New Yuan Loans for September are predicted at CNY1,360.0B. Forex traders can compare this to Chinese New Yuan Loans for August which were reported at CNY1,210.0B. Chinese Aggregate Financing: Chinese Aggregate Financing for September are predicted at CNY1,900.0B. Forex traders can compare this to Chinese Aggregate Financing for August which was reported at CNY1,980.0B. Should price action for the EURNZD remain inside the or breakdown below the 1.7455 to 1.7545 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Short Position Entry Level: Short Position @ 1.7500 Take Profit Zone: 1.7000 – 1.7100 Stop Loss Level: 1.7615 Should price action for the EURNZD breakout above 1.7545 the following trade set-up is recommended: Timeframe: D1 Recommendation: Long Position Entry Level: Long Position @ 1.7615 Take Profit Zone: 1.7730 – 1.7810 Stop Loss Level: 1.7545 Open your PaxForex Trading Account now and add this currency pair to your forex portfolio. Forex trading for beginners often poses a tremendous challenge, take a look how PaxForex ensures that you are on the right track from your first trade! WHY TRADE WITH PAXFOREX? We are one of the fastest growing Forex Brokers in the Market. Trade with PaxForex to get the full Forex Trading experience which is based on... The Reliability on all Assets in the Market Trusted Worldwide for over a Decade Live Multi-Lingual Online Support 24/5
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Analysis of EURNZD 26.08.2019The price above 200 MA, indicating a growing trend. The MACD histogram is above the zero lines. The oscillator Force Index is above the zero lines. If the level of resistance is broken, you should follow the recommendations below: • Timeframe: H4 • Recommendation: Long Position • Entry Level: Long Position 1.7600 • Take Profit Level: 1.7800 (200 pips) If the price rebound from resistance level, you should follow the recommendations below: • Timeframe: H4 • Recommendation: Short Position • Entry Level: Short Position 1.7300 • Take Profit Level: 1.7250 (50 pips) USDJPY A possible long position at the breakout of the level 106.00 GOLD A possible long position at the breakout of the level 1555.00 USDCHF A possible long position at the breakout of the level 0.9790 GBPUSD A possible short position in the breakdown of the level 1.2230
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