MG Network

something big isHappening!

In the mean time you can connect with us with via:

Copyright © Money Grows Network | Theme By Gooyaabi Templates

Money Grows Network

Archive

Powered by Blogger.

Welcome To Money Grows Network

Verified By

2006 - 2019 © www.moneygrows.net

Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

Popular

Pages

Expert In

Name*


Message*

Elliott wave analysis of EUR/JPY for October 27, 2014

2014-10-27-EURJPY-8H.png


Today's support and resistance levels:


R3: 137.82


R2: 137.35


R1: 137.00


Current spot: 136.81


S1: 136.50


S2: 136.29


S3: 136.06


Technical summary:


The break above 137.00 confirmed that the correction in wave B still was unfolding and that we should be looking for a move closer to 137.82 before wave B finally is over and wave C lower to 130.73 will be ready to take over. In the short term we could see a move slightly lower to 136.49 and maybe even to 136.06 before the final rally higher in wave B to 137.82 and then wave C should take over for a decline to 130.73.


Trading recommendation:


Our stop at 137.10 was hit. We will re-sell EUR at 137.70 with a stop at 138.10.


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