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 September 24 - 2014

2014-09-24-EURNZD-8H.png


Today's support and resistance levels:


R3: 1.5983


R2: 1.5969


R1: 1.5936


Current spot: 1.5924


S1: 1.5901


S2: 1.5883


S3: 1.5860


Technical summary:


We saw the expected strong rally above 1.5859 and it should just be a matter of time before the next strong rally kicks in. This time we should see a break above the base-channel resistance-line near 1.5985 for an acceleration higher to 1.6203 on the way higher to 1.6407. In the short term, only a break below 1.5883 will delay the expected upside rally for a move closer to 1.5860 before the next rally higher.


Trading recommendation:


We are long in EUR from 1.5826 and will move our stop higher to 1.5790. If you are not long in EUR yet, then buy a break above 1.5936 with the same stop at 1.5790.


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