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FxWirePro: USD/ZAR edges higher but bearish outlook persists

FxWirePro:EUR/AUD eases but bullish outlook persists

FxWirePro- Woodies Pivot(Major)

FxWirePro- Major Pair market sentiment (CCI-ADX-EMA) setup

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FxWirePro: GBP/USD dips lower on negative UK retail sales data

FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed

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FxWirePro- Major European Indices

FxWirePro: USD/CNY downside pressure builds, key support level In focus

FxWirePro: GBP/AUD moves lower on weak UK data

FxWirePro- Major Pair market sentiment (CCI-ADX-EMA) setup

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NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92

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FxWirePro- Major European Indices

EUR/JPY Surges on Yen Weakness: Bullish Momentum Eyes 186-187 Targets

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FxWirePro: EUR/NZD Trade Idea

Tuesday, May 29, 2018 9:02 AM UTC

FxWirePro Currency Strength Index for EUR/NZD: Bias Bearish
FxWirePro's Hourly EUR Spot Index was at -153.714 (Bearish)
FxWirePro's Hourly NZD Spot Index was at 68.5052 (Neutral)

Technical Analysis: Bias Bearish
- Price has breached channel base support
- Momentum and trend indicators support weakness
- -ve DMI dominance adds to bearish bias
- Price has broken below cloud and major EMAs

Support levels - 1.6645 (Jan 24 low), 1.66, 1.6520 (Jan 11 low), 1.6355 (38.2% Fib)
Resistance levels - 1.6785 (23.6% Fib), 1.68, 1.6826 (5-DMA)

Recommendation: Good to go short around 1.6725, SL: 1.6810, TP: 1.6645/ 1.66/ 1.6520

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest.

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FxWirePro: EUR/NZD Trade Idea

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