Forecast by Marius Ghisea- EUR/NZD (August 1-5)

The EUR/NZD currency pair may fall in the medium long term, according to the daily chart. The price below  50 EMA (1.5783) indicates that the downtrend will continue.The MACD also confirms the downtrend in the medium term.

EURNZDdaily-page-001

The 8 hour chart indicates that this pair will fall. The price is below 200 EMA and the MACD confirms the downtrend in the next period.

EURNZD8h-page-001

 

MariusG
Marius Ghisea – fund manager and advisor for institutional and individual investors. 11 years experience in forex market. Marius G. provides advices for long term investors with low risk strategies investments. Technical analyst at ProfitF.com ( Go to Ghisea Marius Facebook group >>> )
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