empty
 
 
31.01.2014 12:12 PM
Elliott Wave Analysis of EUR/NZD for January 31, 2014

This image is no longer relevant

Today's Support and Resistance levels:

R3: 1.6792

R2: 1.6763

R1: 1.6677

Current Spot: 1.6625

S1: 1.6609

S2: 1.6592

S3: 1.6561

Technical summary:

The expected correction from 1.6725 became slightly deeper than expected, but we are now looking for support at 1.6592 to protect the downside for a break above minor resistance at 1.6677, which confirms the rally in red wave v towards 1.6792. Once red wave v and black wave iii is in place look for a shallow wave iv correction to 1.6579 before higher again in wave v.

Trading recommendation:

Stay long EUR from 1.6495 and keep you stop at 1.6554, but lift your stop to 1.6600 upon a break above 1.6677. Take profit should be kept at 1.6780. If you are not long EUR yet, then the potential is becomming limited, but buy EUR upon a break above 1.6677 with a close stop at 1.6640 and take profit at 1.6780 could work.

Torben Melsted,
Analytical expert of InstaForex
© 2007-2024
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In June we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback