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 - 2015

2015-01-23-EURNZD-8H.png

Technical summary:


A high was found at 1.5437 just below the 50% corrective target at 1.5475. Now, we are ready for a test of important short-term support at 1.5064. A break below this support will confirm more downside towards 1.4881 and ideally lower to 1.4730 to end the decline from 1.6207. After a minor correction towards 1.5176, we expect support at 1.5064 to be challenged and a break below here will call for a continuation lower towards 1.4881 and ideally lower to 1.4730 to end this decline. Only a break above 1.5205 will be of concern, but it will take a break above 1.5330 to invalidate the bearish count.


Trading recommendation:


We are short EUR from 1.5145 and will lower tops to 1.5210 and place take profit at 1.4900.


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