empty
 
 
14.11.2016 09:47 AM
Elliott wave analysis of EUR/NZD for November 14, 2016

This image is no longer relevant

EUR/NZD - Daily

This image is no longer relevant

EUR/NZD - 4 Hourly

Wave summary:

To confirm that a long-term bottom is in place with the test of 1.4812, a break above 1.5516 is needed. Our preferred count shows that an ending diagonal completed with the test of 1.4812 and a break above 1.5516 will confirm a return to the origin of the ending diagonal near 1.5833 and above.

A break above 1.5516 will confirm that the long-term correction from 1.9023 completed at 1.4812 and that a new impulsive rally to above 1.9023 is building.

Trading recommendation:

We are long EUR from 1.4950 with stop placed at 1.4805. If you are not long EUR yet, then buy near 1.5025 and use the same stop at 1.4805.

Summary
Urgency
Analytic
Torben Melsted
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • 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 $10000 more!
    In January we raffle $10000 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

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback