You are here: Home > articles > Forex > Technical analysis and trading recommendations on EUR/NZD for May 06, 2015
Technical analysis and trading recommendations on EUR/NZD for May 06, 2015
May 6, 2015 8:00 amVideo
Latest News
- Analysis of the GBP/USD pair on April 18, 2024 April 18, 2024
- Analysis for EUR/USD pair on April 18th. Dull ending to a dull week April 18, 2024
- USD/JPY: Simple trading tips for novice traders on April 18th (US session) April 18, 2024
- GBP/USD: Simple trading tips for novice traders on April 18th (US session) April 18, 2024
- EUR/USD: Simple trading tips for novice traders on April 18th (US session) April 18, 2024
- GBP/USD: trading plan for the US session on April 18th (analysis of morning deals) April 18, 2024
- Trading Signals for EUR/USD for April 18-20, 2024: buy above 1.0641 (21 SMA – 2/8 Murray) April 18, 2024
- Bitcoin slides ahead of halving event – Crypto News April 18, 2024
- Trading Signals for BITCOIN (BTC/USD) for April 18-20, 2024: buy above $62,500 or $63,037 (4/8 Murray – rebound) April 18, 2024
- GBP/USD. April 18th. Andrew Bailey did not clarify the situation on QE April 18, 2024
- Trading Signals for GOLD (XAU/USD) for April 18-20, 2024: buy above $2,375 (6/8 Murray – 21 SMA) April 18, 2024
- Technical Analysis – Netflix stock moves within narrow range ahead of earnings April 18, 2024
- Technical Analysis – GBPUSD tries to recoup some losses April 18, 2024
- USD/JPY in crisis April 18, 2024
- EUR/USD: trading plan for US session on April 18. EUR gets stuck at 1.0686 April 18, 2024
- Fed to keep policy tight for longer than markets view April 18, 2024
- Technical Analysis – BTCUSD drops to 6-week low as halving looms April 18, 2024
- Midweek Technical Look – EURUSD, US 500, WTI April 18, 2024
- Technical Analysis – AUDJPY pulls back but stays in uptrend April 18, 2024
- Forex forecast 04/18/2024: EUR/USD, USD/JPY, Oil and Bitcoin from Sebastian Seliga April 18, 2024
New Zealand’s unemployment rate and employment change on q/q basis were released at the Pacific session. The kiwi dollar is drifting against USD, EUR, GBP & AUD. Against USD & GBP, the kiwi has reported big losses at the Asian session today. The unemployment rate remained at 5.8 percent in Q1 2015, unchanged from a revised rate of 5.8 percent for the final quarter of 2014. While the unemployment rate was unchanged, there were 3,000 more unemployed people over the quarter. In Q1 2015 the number of employed people increased by 16,000 (0.7 percent); the working-age population was up 0.6 percent, resulting in the employment rate of 65.5 percent, unchanged from the previous quarter. The employment growth is still strong.
Technical view: We still recommend buying this cross at 1.4570 (the article dated April 30, 2015) with the targets at 1.4685, 1.4785, and in the medium term at 1.4820,1.4860, and perhaps 1.4930. Today at the Asian session,the cross made a high at 1.4970. All the given targets have been hit. We minted 400 pips in this cross. Today, the pair managed to trade above 100Dsma and 100Dema. We expect today the cross can touch around 1.5000 levels. On the downside, the pair probably made a double bottom around 1.4706 and changed the direction. We recommend moving the TSL to 1.4700 from earlier sl 1.4170 with a new target at 1.5200. 20wsma is found at 1.4835. For bulls, to regain the new strength and to make new highs, they must close above 1.4835 20Wsma. Fresh buying is advised above 1.5000 or sue a dip to buy again.
Trade: Target revised at 1.5200.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: