empty
 
 

08.08.201805:30 Forex Analysis & Reviews: Elliott wave analysis of EUR/NZD for August 8, 2018

Long-term review

Exchange Rates 08.08.2018 analysis

EUR/NZD is once again testing important resistance at 1.7224, but we need a clear break above here to confirm that the next impulsive rally towards 1.7510 is in motion. As long as resistance at 1.7224 is able to cap the upside as long does the possibility for a final drop into the 1.7033 - 1.7066 area exist, before completing wave ii/.

Longer-term, we remain bullish EUR/NZD for a rally towards 1.8310 and ultimately higher towards 1.98 - 1.99 area.

R3: 1.7305

R2: 1.7251

R1: 1.7224

Pivot: 1.7187

S1: 1.7150

S2: 1.7115

S2: 1.7094

Trading recommendation:

We are long EUR from 1.7226 with our stop placed at 1.7110.

*Analiza tržišta koja se ovde nalazi namenjena je boljem razumevanju tržišta i ne pruža instrukcije za vršenje trgovanja.

Torben Melsted,
Analitickog eksperta
InstaForex grupa kompanija © 2007-2021
Iskoristite preporuke analitičara upravo sada
Dopunite trgovački račun
Otvori trgovački račun

Uz InstaForex-ove analitičke preglede uvek ćete biti u toku sa tržišnim trendovima! Klijentima InstaForex-a su dostupni mnogobrojni besplatni servisi za uspešno trgovanje.

Ne možete da razgovarate sada?
Postavite pitanje kroz ćaskanje.