empty
 
 
21.06.2016 08:25 AM
Elliott wave analysis of EUR/NZD for June 21, 2016

This image is no longer relevant

Wave summary:

We remain focused towards the ideal target at 1.5604 as wave (i) lower. After a correction to 1.6105 renewed downside pressure in wave (iii) is expected towards 1.4702 with the ideal target for wave C seen at 1.4471.

Short term, we expect minor resistance at 1.6015 to protect the upside for a break below minor support at 1.5825 confirming the decline to 1.5604 to finish wave (i).

Trading recommendation:

Stay short for a test of 1.5604 move stop to 1.6050. Take profit at 1.5625. If you are not short EUR yet, then sell near 1.6015 or upon a break below 1.5825 use the same stop and take profit levels.

Torben Melsted,
Analytical expert of InstaForex
© 2007-2024
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • 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 $9000 more!
    In May we raffle $9000 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

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback