EURNZD forex forecasts and trading signals
Today's trading recommendation suggests that you open a long position in case of a breakdown of the resistance level. This strategy also works well for exotic currency pairs. currency pairs that correlate with US dollars are now in opposite directions. This currency pair is trading with the Euro and the chart shows a clear ongoing uptrend. The EURNZD pair does not belong to the most traded currency pairs, but nevertheless, you can make good money on it. It is easy to understand how to read currency pair if you look at the 4-hour chart. The price made an attempt to break through the resistance level, and if the next attempt is successful, then we forex forecasting continue the price growth and suggest you open a long position to a flat level of 1.6900.
Order Type: Pending Order - Buy Stop
Entry Price at 1.6855
Take Profit at 1.6900
Pips Earning: 45
Most traded currencies pairs:
EURUSD buy at the price of 1.0495
USDJPY sell at the price of 134.50
GBPUSD buy at the price of 1.2085
USDCHF buy at the price of 1.0040
Best day trading recommendations
The profit can be $324.99 if the trading volume of 100000 EUR (1 Lot).