EUR/NZD Signal - Mar. 20, 2013

The bullish oblique support that was holding the market for several weeks is no longer valid and we are also seeing a divergence of the Bollinger Bands. The long-term trend for the EURNZD pair remains strongly bearish and in this context we can consider a continuation of this movement. Investors may therefore be bearish in a breakout strategy to target a return to the 1.50 level.
Direction: Down
Enter: 1.5604
Stop-loss: 1.58
Take-profit: 1.5050

EURNZD Signal

Maxime Parra
Maxime Parra has been trading since the age of 18, and he is now in charge of technical and fundamental analysis at BNRY.com and Tmarkets.com. Fascinated by the psychology of financial markets and technical analysis, he is also the head of the “Fédération Sud Finance” and is preparing for the Degree of the Chartered Financial Analyst (CFA) level 1 at the SKEMA Business School. Maxime favors trend following strategies by combining chartist analysis with the use of technical indicators.