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/NZD for October 6, 2015

2015-10-06-EURNZD-4H.png

Technical summary:

There was no time for even a minor correction yesterday, and we sow an expected decline closer to our first target at 1.6728. In the short term, we will be looking for a breakout below support at 1.7152 confirming the next part of the decline to a target at 1.6728.

Minor resistance is now found in the area of 1.7200 -1.7220, which will ideally protect the upside for a breakout below support at 1.7152.

Trading recommendation:

We missed our EUR selling point at 1.7580, but we will sell EUR at 1.7215 or upon a break below 1.7151 (one order done cancels the other). Our stop will be placed at 1.7285 and take profit will be placed at 1.6750.

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