{"id":1959,"date":"2018-11-12T15:37:00","date_gmt":"2023-03-31T20:16:52","guid":{"rendered":""},"modified":"2024-06-24T07:06:43","modified_gmt":"2024-06-24T07:06:43","slug":"eurnzd-is-approaching-the-38-2-fibonacci-level","status":"publish","type":"post","link":"https:\/\/blog.zulutrade.com\/ar\/eurnzd-is-approaching-the-38-2-fibonacci-level\/","title":{"rendered":"EURNZD is approaching the 38.2% Fibonacci level"},"content":{"rendered":"

The Euro is under pressure because of Italy’s budget deadline and the Brexit impasse. On the other side, the New Zealand’s interest rate remained unchanged at 1.75%, while its unemployment rate (3.9%) dropped to near 10-year low. Today’s agenda include New Zealand’s Food and Price Index (Previous: -0.1%), although it is not expected high volatility.<\/p>\n

From a weekly technical scope, EURNZD is currently approaching the 38.2% Fibonacci support level, while Stochastics is oversold. Both may indicate a reversal.<\/p>\n

Weekly<\/p>\n

\"\"<\/p>\n

Heading to the daily timeframe, RSI is highly oversold, while CCI is flirting with -100 level to the upside. The daily setup works supportively to a potential reversal towards the trendline (T1), which offers a possible bullish opportunity.<\/p>\n

Daily<\/p>\n

\"\"<\/p>\n

On the other hand, if price violates the 38.2% Fibonacci level, then the scenario is busted.<\/p>\n

Always review your own analysis. If there is a confluence between the current study and your own strategy, then you may have even better trading setups.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Euro is under pressure because of Italy’s budget deadline and the Brexit impasse. On the other side, the New Zealand’s interest rate remained unchanged at 1.75%, while its unemployment rate (3.9%) dropped to near 10-year low. Today’s agenda include New Zealand’s Food and Price Index (Previous: -0.1%), although it is not expected high volatility. […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"close","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-1959","post","type-post","status-publish","format-standard","hentry","category-market-view"],"metadata":{"rank_math_internal_links_processed":["1"],"rank_math_analytic_object_id":["581"],"_edit_last":["4"],"rank_math_og_content_image":["a:2:{s:5:\"check\";s:32:\"94c0d3211974d3356a2c82cd77f75888\";s:6:\"images\";a:2:{i:0;s:48:\"\/image.axd?picture=\/2018\/121118\/EURNZDWeekly.png\";i:1;s:47:\"\/image.axd?picture=\/2018\/121118\/EURNZDDaily.png\";}}"]},"pll_post_group":null,"_links":{"self":[{"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/posts\/1959","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/comments?post=1959"}],"version-history":[{"count":1,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/posts\/1959\/revisions"}],"predecessor-version":[{"id":4159,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/posts\/1959\/revisions\/4159"}],"wp:attachment":[{"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/media?parent=1959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/categories?post=1959"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/tags?post=1959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}