empty
 
 
20.03.2015 06:56 AM
Elliott wave analysis of EUR/JPY for March 20 - 2015

This image is no longer relevant

Technical summary:

It' s not yet quiet clear whether wave C of the expanded flat correction has terminated or one final decline closer to 125.98 is missed. Our count argues for one more decline and a break below minor support at 128.24 that is likely to support the case for one final decline closer to 125.98. On the flip side, a break above 130.04 would indicate that a firm bottom is already in place at 126.87 and a break above 131.74 is going to confirm that outlook.

Trading recommendation:

We will sell EUR upon a break below 128.24, but on the other hand we will like to buy EUR upon a break above 130.04, so we will place both orders, with one order done will cancel the other.

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