LATEST ARTICLES

Elliott wave analysis of EUR/NZD for January 19, 2018

Posted On 19 Jan 2018
By :
Comment: 0
analytics5a6187b25eac2.png

Wave summary:

The corrective decline from 1.6937 is unfolding as expected and should spike lower to 1.6679 before completing and set the stage for the next impulsive rally higher towards 1.7360 on the way higher to 1.7777.

Only a direct break above minor resistance at 1.6839 will tell us that wave ii ended early and wave iii higher to 1.7360 is developing.

R3: 1.6937

R2: 1.6860

R1: 1.6840

Pivot: 1.6737

S1: 1.6711

S2: 1.6679

S3: 1.6613

Trading recommendation:

We will buy EUR at 1.6695 or upon a break above 1.6845.

The material has been provided by InstaForex Company – www.instaforex.com

Source:: Elliott wave analysis of EUR/NZD for January 19, 2018

About the Author
InstaForex brand was created in 2007 and at the moment it’s a top choice of more than 2,000,000 traders. More than 1,000 clients open accounts with InstaForex every day. All InstaForex clients get great opportunities for effective trading on the forex market, as well as on-time technical and customer support

Leave a Reply

*

[adrotate group="2"]
[adrotate group="15"]

InstaForex – Market Analysis

<a href="https://www.instaforex.com/">Forex Portal</a>

Like Us On Facebook

[adrotate banner= "75"]

Follow on Stocktwits

Follow Us on StockTwits

Connect

facebook
twitter
google-plus
youtube
linkedin
rss
Copyright © 2015 Forex Alchemy. All rights reserved.
Forexalchemy.com is made available as an online source of Foreign exchange trading information and related-materials only. By using ForexAlchemy you acknowledge and understand that we are not soliciting participation in Forex trading. You also acknowledge and agree that there are large potential risks associated with investment and trading activity and that you have accepted such risks before deciding to invest and before deciding to use ForexAlchemy as a source of trading-related information and materials. Please read our full disclaimer and terms of use before using this website:
Disclaimer & Terms of Use     Privacy Policy