empty
 
 
17.07.2014 12:54 PM
Elliott wave analysis of EUR/NZD for July 17, 2014

This image is no longer relevant

Today's support and resistance levels:

R3: 1.5636

R2: 1.5613

R1: 1.5599

Current spot: 1.5580

S1: 1.5559

S2: 1.5531

S3: 1.5511

Technical summary:

The correction we where looking for became slightly larger than expected, but the impulsive rally from 1.5398 should soon be resumed for a move towards 1.5636. Once at 1.5636, look for the first serious correction. This correction will likely take us lower to 1.5511 and maybe even slightly lower, but at no point should the low at 1.5398 be taken out, as that will invalidate the current bullish count.

Trading recommendations:

We are long in EUR from 1.5425 and will move our stop higher to 1.5510 and move stop-profit to 1.5625. If our stop-profit target is hit, we will pace a new EUR-buy order at 1.5525 with a stop at 1.5395.

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