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 January 23, 2018

analytics5a66bd57b96a6.png

Wave summary:

We have seen the expected spike lower to 1.6679 (the low has been seen at 1.6684). This fulfills the corrective target in wave ii and a break above minor resistance at 1.6772 will confirm that wave ii is complete and wave iii has taken over for a rally towards 1.7360 on the way higher to 1.7777.

As long as minor resistance at 1.6772 is able to cap the upside, we could still see a final spike to or just below 1.6679, but it's not necessary.

R3: 1.6850

R2: 1.6809

R1: 1.6772

Pivot: 1.6713

S1: 1.6684

S2: 1.6679

S3: 1.6662

Trading recommendation:

We bought EUR at 1.6695 and will place our stop at 1.6550.

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