Home -

Broker -

Main body -

WikiFX Express

EUR/NZD extends drop, critical support lies ahead

iq option | 2023-05-07 10:39

Abstract：EUR/NZD declined on Friday after data showed that U.S. employment and wages rose by more than economists expected in April.

EUR/NZD declined on Friday after data showed that U.S. employment and wages rose by more than economists expected in April.

Selling pressure will remain in the short-term, only a move above 1.7650(5DMA) strong resistance will shift the bias higher.

Technical signals show the pair could lose more ground as RSI is at 43 bearish, and 9, 11,21 DMA's are trending south.

Immediate resistance is located at 1.7572 (38.2%fib), any close above will push the pair towards 1.7650(5DMA).

Immediate support is seen at 1.7463(50% fib) and break below could take the pair towards 1.7413 (Lower BB).

Recommendation: Good to sell round 1.7500, with stop loss of 1.7650 and target price of 1.7420

Forex Analysis

Related broker

Frequent Complaints

iq option

Company name：SKY LADDER LLC

Score

1.61

Website：https://iqoption.com/en

10-15 years | Regulated in Cyprus | Market Making License (MM) | Self-developed

Score

1.61

Prime of Prime Forex in 2026: The Credit and Control Questions Brokers Must Answer Before Connecting

A Prime of Prime forex arrangement can help a broker access trading relationships, credit intermediation, technology connectivity, and liquidity aggregation that may otherwise be difficult to obtain directly. But the label does not prove direct bank access, executable depth, or a particular execution outcome. This 2026 guide explains what a forex Prime of Prime, PoP liquidity provider, prime brokerage forex service, and forex prime broker proposal can mean in practice; where the credit and order-routing chain must be documented; how to test pricing, limits, rejects, records, and resilience; and which commercial terms create hidden operating cost. Use the comparison framework, red-flag list, and 90-day launch plan to assess fit for your client mix and risk model. The objective is a controllable execution dependency with traceable evidence, not a marketing claim about institutional access.

Original 2026-08-17 15:39

FINEX Review: A+++ Rating Does Not Remove Risks - How to Read Spread, Withdrawals & Other Aspects

FINEX review 2026 for readers comparing an Indonesia forex broker: understand what Bappebti's A+++ rating does and does not show, then check floating spreads, withdrawals, segregated accounts and the complaint route for PT Finex Bisnis Solusi Futures.

Original 2026-08-14 18:09

Forex Liquidity Provider in 2026: Why the Tightest Spread is Not Always the Best Execution Decision

Choosing a forex liquidity provider is not a search for the lowest displayed spread or the longest provider list. It is a broker decision about pricing integrity, depth, routing, credit, reporting, incident response, and client communication. This 2026 guide explains how a forex LP, FX liquidity provider, or liquidity provider forex arrangement fits into a broker’s execution chain; what to test before onboarding; why a “best forex liquidity provider” claim cannot replace due diligence; and how to compare cost beyond commission. Use the execution-quality scorecard, provider questions, routing scenarios, and 90-day onboarding plan to assess whether a liquidity relationship can support your actual client mix, instruments, risk model, and jurisdiction. The goal is not to make a universal ranking. It is to build evidence that your broker can explain, supervise, reconcile, and recover its execution service when market conditions are difficult.

Original 2026-08-13 18:08

Exness Review for Indian Traders 2026: The RBI Question Comes Before Leverage and Spreads

Exness review for Indian traders in 2026. This guide explains what the RBI Alert List says, what it does not say, why a global license is not Indian authorization, and how to verify permitted forex routes before funding an account.

Original 2026-08-12 19:25