Smart Trade Insights
  • Business
  • Economy
  • Investing
  • Politics
Top Posts
Cygnus Metals Limited: Issue of Performance Rights
FPX Nickel Announces Share-Based Compensation Grant
Blue Lagoon Resources Officially Opens Dome Mountain Gold...
Crypto Market Recap: Bitcoin Hits All-Time High as...
DoD Invests US$400 Million in Rare Earth Firm...
JZR Gold Inc. Announces Private Placement Offering of...
Top 5 Canadian Mining Stocks This Week: Avanti...
Trump’s tariffs on Brazil could make your coffee...
BHP Faces AU$1.3 Billion Wage Adjustment for Queensland...
​Royal Gold to Create Streaming and Royalty Giant...
  • Business
  • Economy
  • Investing
  • Politics

Smart Trade Insights

Economy

EURAUD and EURNZD: EURAUD in a new bearish consolidation

by admin August 24, 2024
August 24, 2024
EURAUD and EURNZD: EURAUD in a new bearish consolidation

EURAUD and EURNZD: EURAUD in a new bearish consolidation

  • During this morning’s Asian trading session, the EURAUD rose to 1.65819, forming a new weekly high there
  • During this morning’s Asian session, the EURNZD came under pressure again, leading to another pullback

EURAUD chart analysis

During this morning’s Asian trading session, the EURAUD rose to 1.65819, forming a new weekly high there. After that, the pair suddenly loses momentum and initiates a pullback. We have already seen a drop below the EMA 200 and 1.65500 levels. The inability to hold there only pushed the EURAUD to a new daily low of 1.65100. We are currently at the 1.65170 level in the zone of today’s low. If we hang on to this for too long, it could only increase the pressure and send us to a new low.

Potential lower targets are the 1.65000 in 1.64900 levels. For a bullish option, the pair would have to stabilize in this zone before initiating a recovery. With the return above 1.65400, we return to the positive side above the weekly open price. Potential higher targets are the 1.65600 and 1.65800 levels.

 

EURNZD chart analysis

During this morning’s Asian session, the EURNZD came under pressure again, leading to another pullback. At 1.80449, we saw the formation of a daily low. Right now, we’re trying to hold on here and stop further retreat. The pair has a new opportunity to initiate a new bullish consolidation and move back up to the 1.81000 level. With that step, we move above the daily open level and the EMA 50 moving average.

Potential higher targets are the 1.81200 and 1.81400 levels. For a bearish option, EURNZD would have to continue with the previous consolidation to today’s low. This would allow us to retest that level in search of new support. It is easily possible that this time, we will see a break below and the formation of a new low. Potential lower targets are the 1.80400 and 1.80300 levels.

 

The post EURAUD and EURNZD: EURAUD in a new bearish consolidation appeared first on FinanceBrokerage.

previous post
MNDY Stock Soars On Strong Q2 Earnings
next post
S&P 500 and Nasdaq, new index recovery from this morning

You may also like

JEPI Stock Price And Analysis

September 18, 2024

NextNav Stock Price, Forecast, and Latest News

September 21, 2024

ApeCoin and Akita Inu: New Daily Targets and...

October 10, 2024

Stock Futures Lower after S&P 500 futures ticked...

January 20, 2025

S&P 500 climbed 0.3%, and Nasdaq-100 futures jumped...

December 21, 2024

Gold and silver: Gold continues its steady growth

September 7, 2024

Technical Difficulties Delay Trump-Musk Chat On X

August 14, 2024

Trump’s Tariffs: Canada, Mexico Pause, China Levies Continue

February 5, 2025

Dogecoin and Litecoin: Doge above EMA 200 remains...

September 12, 2024

The dollar index continues to pull back to...

August 1, 2024

    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

    • Cygnus Metals Limited: Issue of Performance Rights

      July 12, 2025
    • FPX Nickel Announces Share-Based Compensation Grant

      July 12, 2025
    • Blue Lagoon Resources Officially Opens Dome Mountain Gold Mine in British Columbia

      July 12, 2025
    • Crypto Market Recap: Bitcoin Hits All-Time High as ETF Inflows and Legislation Align​

      July 12, 2025
    • DoD Invests US$400 Million in Rare Earth Firm MP Materials

      July 12, 2025
    Promotion Image

    banner ads

    Categories

    • Business (765)
    • Economy (829)
    • Investing (2,394)
    • 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