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 12, 2018

analytics5c109b6e51a31.png

The corrective decline from 1.6641 has been much deeper than expected. Support at 1.6495 held at first for a rally through minor resistance at 1.6545 for a continuation higher to 1.6586, but found strong resistance here, that caused a new decline to below 1.6495 for a continuation lower to 1.6426. This should be enough to complete wave b and set the stage for the final rally in wave c into the resistance-zone between 1.6694 - 1.6760 from where the next decline towards 1.6169 is expected.

R3: 1.6586

R2: 1.6508

R1: 1.6495

Pivot: 1.6459

S1: 1.6426

S2: 1.6398

S3: 1.6378

Trading recommendation:

Our buy from 1.6545 was stopped out at 1.6485 for a minor loss. We will re-buy EUR upon a break above 1.6479 and place our stop at 1.6420

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