Smart Trade Insights
  • Business
  • Economy
  • Investing
  • Politics
Top Posts
John Hathaway: Gold Price Can Double, This Factor...
Fish Underground drilling underway for mine life extensions
A$80M Capital Raise via Placement & Entitlement Offer
Drilling Commences – Webbs Silver Project
Navigating Uncertainty: How Trump’s Tariffs Are Affecting the...
Capital Raise Presentation
Crypto Market Update: ETH Funds Absorb US$1.3 Billion...
Frontier Airlines goes after struggling rival Spirit’s customers...
Cracker Barrel will go back to old logo...
Trump’s Copper Tariffs: Market Impact and How to...
  • Business
  • Economy
  • Investing
  • Politics

Smart Trade Insights

Economy

EURAUD and EURNZD: EURAUD pulled back to level a support

by admin August 7, 2024
August 7, 2024
EURAUD and EURNZD: EURAUD pulled back to level a support

EURAUD and EURNZD: EURAUD pulled back to level a support

  • On Monday, the EURAUD jumped to a new August high of 1.71862. 
  • EURNZD formed a new high yesterday at the 1.86510 level. 

EURAUD analysis chart

On Monday, the EURAUD jumped to a new August high of 1.71862. After that, the pair loses momentum and begins to retreat. During this morning’s Asian trading session, the retreat continued to the 1.67585 level. We get support at this level and start a new bullish consolidation. We have the support of the EMA 50 moving average and hope for further progress to the bullish side.

Potential higher targets are 1.69000 and 1.69500 ​​levels. For a bearish option, we need a negative consolidation and a move down below the 1.67500 level. We are gradually falling below the weekly open price to the negative side. This will strengthen the bearish momentum, and we can expect to see a new weekly low formation. Potential lower targets are 1.67000 and 1.66500 levels. Great support awaits us in the EMA 200 moving average at 1.66500.

 

EURNZD chart analysis

EURNZD formed a new high yesterday at the 1.86510 level. After that, we saw a stop in the bullish trend and a return down to 1.85000. During this morning’s Asian trading session, the pair retreated to 1.83000, testing that weekly open price. With the new support, a new recovery to the daily high of 1.85000 was initiated. This level again represents an obstacle for us, and the pair starts a new retreat. We are now at 184200 and under slight pressure to continue the pullback.

Potential lower targets are 1.83500 and 1.83000 levels. For a bullish option, we need a positive consolidation above today’s high. If we succeed in this, the space opens to return to the bullish side. Potential higher targets are 1.85500 and 1.86000 levels.

 

The post EURAUD and EURNZD: EURAUD pulled back to level a support appeared first on FinanceBrokerage.

previous post
ChatGPT for Trading: Tips & Tricks
next post
S&P 500 and Nasdaq under pressure from global events

You may also like

Leveraging ChatGPT for enhanced trading strategies

September 14, 2024

Gold and Silver: Gold moves to a new...

September 26, 2024

Blackstone’s Stock: Wealth Assets Reach $250B

November 5, 2024

Ripple and Tron: Ripple boosts bullish momentum on...

October 18, 2024

Oil Prices Rebound After Trump’s Criticism of Powell

April 23, 2025

Bitcoin Nears $85K Amid Market Optimism

April 22, 2025

S&P 500 Surge: Market Shift and Economic Impact

August 11, 2024

Abrdn Share Price: £219.50 High – Market Snapshot

August 14, 2024

EURUSD and GBPUSD: EURUSD stabilizes before the ECB...

October 15, 2024

Could Bitcoin Reach $200000? Market & Expert Insights

February 22, 2025

    Fill Out & Get More Relevant News


    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • John Hathaway: Gold Price Can Double, This Factor Isn’t Priced In

      August 28, 2025
    • Fish Underground drilling underway for mine life extensions

      August 28, 2025
    • A$80M Capital Raise via Placement & Entitlement Offer

      August 28, 2025
    • Drilling Commences – Webbs Silver Project

      August 28, 2025
    • Navigating Uncertainty: How Trump’s Tariffs Are Affecting the Gold Market

      August 28, 2025
    Promotion Image

    banner ads

    Categories

    • Business (834)
    • Economy (829)
    • Investing (2,708)
    • Politics (737)
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: smarttradeinsights.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 smarttradeinsights.com | All Rights Reserved