empty
 
 
28.08.2015 05:57 AM
Elliott wave analysis of EUR/NZD for August 28, 2015

This image is no longer relevant

Technical summary:

A break below support at 1.7426 decided that the small triangle was a b-wave triangle and more downside action was to be expected. That also means that wave (iii) ended with a spike towards 1.9023 and wave (iv) now is unfolding towards 1.6599 as an ideal target. We will not alone find the 50% corrective target of wave (iii) at 1.6599, but it's also close to the bottom of wave iv of one lessor degree, which is a very common target for wave four correction of one larger degree.

Ideal resistance at 1.7524 will protect the upside in order to continue lower to 1.6599.

Trading recommendation:

We sold EUR at 1.7425 and will place our stop at 1.7650 and take profit will be placed at 1.6625.

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