FxWirePro:EUR/NZD succumbs to bearish forces after Eurozone business downturn deepens in July
Abstract：EUR/NZD declined on Monday after PMI data showed euro zone business activity shrank much more than expected in July. • A survey showed the downturn in euro zone business activity deepened much more than expected in July as demand in the bloc's dominant services industry declined and factory output fell. • EUR/A NZD chart has taken a turn for the worse after todays drop.Overall risk growing for a bigger drop towards 1.7750.
EUR/NZD declined on Monday after PMI data showed euro zone business activity shrank much more than expected in July. • A survey showed the downturn in euro zone business activity deepened much more than expected in July as demand in the bloc's dominant services industry declined and factory output fell. • EUR/A NZD chart has taken a turn for the worse after todays drop.Overall risk growing for a bigger drop towards 1.7750.
Technical signals show the pair could lose more ground as RSI has turned bearish, and 9, 11,21 DMA's are trending south. • Immediate resistance is located at 1.7905 (5DMA), any close above will push the pair towards 1.7970(38.2%fib). • Immediate support is seen at 1.8851 (50%fib) and break below could take the pair towards 1.7739 (61.8% fib). Recommendation: Good to sell round 1.7860, with stop loss of 1.7950 and target price of 1.7800.
Read more
Planning to Invest in Trade245? Read These Negative Trader Reviews First!
Setting your sights on Trade245? Think again! Traders are witnessing massive problems that extend beyond withdrawal denials. The issues include blown-up accounts due to trading manipulation, along with high spreads and commissions. As a result, traders witness only losses even when they are not supposed to. This has made the situation highly complicated for them. In this article, we have exposed Trade245 for its financially illicit acts. Read on!
Zerodha Scam: Investor Loses ₹3.5 Lakh ! Spot the Red Flags & Protect Yourself
Indian investor Maryam Khan, 35, was scammed out of nearly ₹35 Lakh in a fraudulent stock investment scheme orchestrated by individuals impersonating the legitimate financial firm Zerodha. The scam began when Khan came across a Facebook Reel on July 4 promoting fake investment opportunities. After contacting the WhatsApp number listed in the ad,
Scam Alert: GTS Caught in Major Trading Fraud
Have you been deceived by GTS officials? Has this forex broker prevented you from withdrawing funds? Unfortunately, you have been scammed! File a complaint with the authorities soon to recover your funds. Many have accused this forex broker of serious fraud allegations on several broker review platforms. Our WikiFX team found a massive number of trader complaints against this broker. In this article, we will share them with you.
Forex Trends Explained for Your Successful Trading Experience
The dynamism of the forex market is full of trends - positive, negative and neutral. As trade intensifies, the currency pairs get into the action mode with ups and downs, causing frequent changes to investor mindsets. The market is like a rollercoaster ride, thanks to forex trends. Understanding what these trends indicate will help you take necessary investment calls for sustained success.
WikiFX Broker
Latest News
Datuk Seri Linked to RM8.4 Million Gold Investment Scam Under Police Probe
WikiFXThe Psychology Behind the Ascending Triangle Pattern in Forex
WikiFXCharles Schwab Forex Review 2025: What Traders Should Know
WikiFXThe Global Inflation Outlook
WikiFXWhat WikiFX Found When It Looked Into XS
WikiFXASIC Regulated Forex Brokers: A Comprehensive 2025 Guide
WikiFXIs TradeEU Reliable in 2025？
WikiFXProfessional Forex Trading: Skills, Tools, & Strategies for Success
WikiFXInvesting in OnFin? Absurd Withdrawal Conditions & Trade Manipulation May Spoil Your Trading Mood
WikiFXHow Commodity Prices Affect Forex Correlation Charts
WikiFXRate Calc
