empty
 
 
06.09.2017 08:23 AM
Elliott wave analysis of EUR/NZD for September 6, 2017

This image is no longer relevant

Wave summary:

The expected correction in red wave iv is unfolding as expected. Short-term, we expect minor resistance at 1.6541 to cap the upside for another turn lower towards 1.6348 to complete red wave a of red wave iv.

The ideal target for red wave iv is seen at 1.6171, but it can not be excluded that red wave iv completes slightly before this target.

R3: 1.6672

R2: 1.6620

R1: 1.6541

Pivot: 1.6500

S1: 1.6461

S2: 1.6423

S3: 1.6348

Trading recommendation:

We are looking for a EUR-buying opportunity in the 1.6171 - 1.6348 area.

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 $4000 more!
    In July we raffle $4000 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

Recommended Stories

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