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 December 15, 2015

2015-12-15-EURNZD-8H.png

Wave summary:

We still think that a low of wave [ii] was found at 1.6142 and that wave [iii] is unfolding higher towards 1.7191 as the first major target for wave [iii]. In the longer term higher levels should be seen. However, a deeper decline from 1.6445 can not push the pair below a low of 1.6142 as this will invalidate the short-term count.

To indicate that wave [ii] is over a breakout above minor resistance at 1.6277 is needed, while a breakout above resistance at 1.6336 is needed to confirm that wave [ii] has ended and wave [iii] higher towards 1.7190 is developing. while a break above resistance at 1.6336 is needed to confirm that wave [ii] has ended and wave [iii] higher towards 1.7190 is developing.

Trading recommendation:

Our stop at 162.10 was hit for a small loss. We will only buy on a breakout above 1.6277 and place stop at 1.6140.

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