empty
 
 
06.07.2016 07:06 AM
Elliott wave analysis of EUR/NZD for July 6, 2016

This image is no longer relevant

Wave summary:

We are still looking for more downside here, the question is whether wave (ii) did finish at 1.5775 or a more complex expanded flat is unfolding. As long as support at 1.5280 is able to protect the downside, the expanded flat can not be ruled out and if this corrective formation is unfolding, then a break above 1.5600 shortly will be seen for a rally to just above 1.5775 before turning lower again towards 1.4490.

A direct break below support at 1.5280 confirms that wave (ii) already complete at 1.5775 and wave (iii) lower towards 1.4490 is unfolding.

Trading recommendation:

Look for a selling opportunity at 1.5780 or sell on a break below 1.5280.

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