empty
 
 
10.10.2013 09:07 AM
Elliott Wave Analysis of EUR/NZD for October 10, 2013

This image is no longer relevant

Today's Support and Resistance levels:

R3: 1.6464

R2: 1.6425

R1: 1.6398

Current Spot: 1.6347

S1: 1.6304

S2: 1.6258

S3: 1.6219

Technical summary:

The messy and hard-to-read consolidation is continuing. We did see a break below support at 1.6267 yesterday, which should have caused a stronger downside pressure than we did see. We now have two opposite formations building at the same time and this has become a tuck of war between the bulls and the bears. A break below support at 1.6219 will trigger a S/H/S top formation for a continuation lower towards 1.6071 and 1.5872. However, a break above resistance at 1.6405 will likely trigger a new test of the possible inverted S/H/S neckline near 1.6495 and a break above here should be bullish in the long term.

Trading recommendation:

Our selling point at 1.6255 was triggered yesterday. Keep you stop and reverse to a long EUR-position at 1.6410 for now.

Torben Melsted,
Especialista em análise na InstaForex
© 2007-2025
Summary
Urgency
Analytic
Torben Melsted
Start trade
Ganhe com as variações das taxas das criptomoedas com a InstaForex.
Baixe o MetaTrader 4 e abra a sua primeira operação.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    PARTICIPE DO CONCURSO
  • Chancy Deposit
    Deposite US $ 3.000 em sua conta e receba $6000 mais!
    Em Dezembro nós sorteamos $6000 na campanha Chancy Deposit!
    Tenha a chance de ganhar, depositando $3,000 em sua conta de negociação. Após cumprir essa condição, você se torna um participante da campanha.
    PARTICIPE DO CONCURSO
  • Trade Wise, Win Device
    Abasteça a sua conta com pelo menos $500, inscreva-se no concurso e tenha a chance de ganhar dispositivos móveis.
    PARTICIPE DO CONCURSO
  • Bônus de 30%
    Receba um bônus de 30% toda vez que você fizer um depósito em sua conta
    RECEBA O BÔNUS

Recommended Stories

Não pode falar agora?
Faça sua pergunta no chat.
Widget callback