SMD Sajir - Profile

SMD Sajir

Forex Business Development

I’m Sajir, a sociable person who enjoys being sociable all time. I love to my financial idea every day. Yes, as a passion I began trading Forex in 2009. It took me eight years to figure out how to be consistently profitable. I believe that success is not a destination, but the road ... more


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Publication: PTM Technical Analysis Today, 11 Oct 2017
Author(s): SMD Sajir
Publisher: me
Date: 10/11/2017

EURNZD Weekly Chart Future Analyses and Trading Idea...

As we can see the high is 1.69240 on the date of 08-May-2016 and now in 2017, the high market price is 1.66800 what is the current market price. So in my point of view, if, EUR wants to carry the bullish rally against the NZD market, then EUR the need to continue to keep the uptrend and break last year major resistance what is 1.69500 but before this breakout we may expect a downtrend correction also if you look last year price high you'll see that, the weekly candle reject the higher price which is a sharp pin bar candle. . Sell at 1.68000. SL at 1.71000. TP at 1.60500. 

Analysis by me 

Thanking to PTM

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