empty
 
 
19.03.2015 07:18 AM
Elliott wave analysis of EUR/NZD for March 19 - 2015

This image is no longer relevant

Technical summary:

The correction in wave iv became more volatile than expected. We expect resistance at 1.4631 to protect the upside for a break below support at 1.4366, confirming the final leg lower towards 1.4048 and even lower to 1.3864. A break above 1.4631 turns the picture around and indicates that a firm bottom was found at 1.4240 and a rally back to 1.5820 should be expected.

Trading recommendation:

We are short EUR from 1.4545. We will move our stop lower to 1.4510 to protect our self in this volatile environment

Torben Melsted,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
Torben Melsted
Start trade
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 $6000 more!
    In December we raffle $6000 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
  • 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