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  4. EUR/NZD Signal - Mar. 18, 2013
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EUR/NZD Signal - Mar. 18, 2013

By Maxime Parra
Maxime Parra
By Maxime Parra
Maxime Parra has been trading since the age of 18, and he is now in charge of technical and fundamental analysis at BNRY.com and Tmarkets.com. Fascinated by the psychology of financial markets and technical analysis, he is also the head of the “Fédération Sud Finance” and is preparing for the Degree of the Chartered Financial Analyst (CFA) level 1 at the SKEMA Business School. Maxime favors trend following strategies by combining chartist analysis with the use of technical indicators.

The EURNZD pair has been moving in an ascending channel for several weeks and is currently testing the figure’s lower limit which should be used as support. The decreased of volatility in the last sessions and the Bollinger bands tightening may indicate a new amplitude movement soon. In this context, investors should buy in order to aim for a new bullish momentum.
Direction: Up
Enter 1.5688
Stop-loss: 1.56
Take-profit: 1.5900

EURNZD Signal

Maxime Parra
About Maxime Parra
Maxime Parra has been trading since the age of 18, and he is now in charge of technical and fundamental analysis at BNRY.com and Tmarkets.com. Fascinated by the psychology of financial markets and technical analysis, he is also the head of the “Fédération Sud Finance” and is preparing for the Degree of the Chartered Financial Analyst (CFA) level 1 at the SKEMA Business School. Maxime favors trend following strategies by combining chartist analysis with the use of technical indicators.
 

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