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 June 12 - 2015

2015-06-12-EURNZD-4H.png

Technical summary:

After a minor consolidation is red wave ii, we will be looking for acceleration higher through 1.6310 for a continuation higher of 1.6446 as the next major upside target. In the short term, we expect support at 1.5942 to protect the downside for a break above minor resistance at 1.6096 confirming acceleration higher to 1.6310 and even higher to 1.6446 as the next major target.

Looking at the longer-term picture, a break above 1.6446 will be very bullish and call for a return to the August 2013 higher at 1.7274.

Trading recommendation:

We are long EUR from 1.5810 and will keep our stop at break-even. If you are not long EUR yet, then buy a break above 1.6096 and place you stop at 1.5935.

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