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 21, 2016

analytics585a47e39ad7c.png

Wave summary:

We continue to look for a break above resistance at 1.5092 and more importantly a break above resistance at 1.5162 as confirmation that a long-term bottom is in place with the test of 1.4654 and a new long-term impulsive rally higher is developing.

Short-term, we see support at 1.4934 and just below at 1.4895, which we expect will protect the downside for the break above 1.5092.

Trading recommendation:

We are long EUR from 1.4830 with stop placed at break-even. If you are not long EUR yet, then buy near 1.4934 or upon a break above 1.5092 and use the same stop at 1.4830.

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