empty
 
 
30.04.2012 12:41 PM
USD/MXN Elliott Wave Count for April 30, 2012
This image is no longer relevant
Overview:
  • The market of the GBP/USD pair showed the signs of instability. The trend movement was debatable as it took place in the narrow sideways channel. Due to the previous events, the price is still between the levels of 1.5328 and 1.5440, so it is recommended to be careful while making deals in this area. Therefore, it is necessary to wait until the sideways channel is passed through. Then the market will probably show the signs of a bullish trend. In other words, buy deals are recommended above 1.5330 with their first target at the level of 1.5390. From this point, the pair is likely to begin an ascending movement to the point of 1.5412 and further to the level of 1.5440 (it will act as a strong resistance for this week because it is representing the weekly pivot point). However, if the pair fails to pass through the level of 1.5440, the market will indicate a bearish opportunity below the strong resistance level of 1.5440. In this regard, sell deals are recommended lower than the level of 1.5440 with the first target at 1.5387. It is possible that the pair will turn downwards continuing the development of the bearish trend to the level 1.5328 then 1.5328 in order to test the double bottom and the support 1 on the H1 chart. It should be noted that the weekly resistance 1 is at the level of 1.5328 and the double bottom is already placed at the point of 1.5332.
InstaForex Analyst,
Especialista em análise na InstaForex
© 2007-2025
Summary
Urgency
Analytic
InstaForex Analyst
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