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  4. EUR/NZD Signal - Mar. 7, 2013
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EUR/NZD Signal - Mar. 7, 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 EUR/NZD pair has been evolving for several weeks now in an ascending channel and has once again leaned on the lower right at 1.56. A bounce back seems to be setting up and could lead to test the moving average at 20 sessions first. Investors may therefore be bullish at this level to bet on a comeback on the 1.58 level with a stop loss placed below the last low.
Direction: Up
Entry: 1.5700
Stop-loss: 1.5580
Take-profit: 1,580

EURNZD Signal

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.

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