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 August 13 - 2015

2015-08-13-EURNZD-4H.png

Technical summary:

We have seen a top at 1.7077 which is just above the ideal target wave (v) which is equal in length to wave (i). The decline that followed the top has broken below minor support at 1.6800 which does indicate that a firm top is in place at 1.7077 for a correction back to 1.6318 before the next impulsive rally higher should be expected.

At this point only a strong rally back above the top at 1.7077 will call for more upside towards 1.7277.

Trading recommendation:

Our break-even stop was hit. We will try selling EUR at 1.6965 with a stop at 1.7078 and place take profit at 1.6325

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