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/JPY for November 14 - 2014

2014-11-14-EURJPY-8H.png


Today's support and resistance levels:


R3: 145.92


R2: 145.50


R1: 1.4505


Current spot: 144.65


S1: 144.22


S2: 143.92


S3: 143.60


Technical summary:


The decline from 144.71 has been way to small wave iv correction. So, we have changed our count slightly that wave iii ended at 144.20 and wave iv corrected exactly 23.6% of wave iii. That means we are currently in wave v higher towards 145.92 as the first possible target, with the possibility of an extension higher towards 148.30. Short-term support at 144.22 ideally will protect the downside for the break above 144.71 confirming the rally higher to 145.92.


Trading recommendation:


We will buy a test of 144.22 or a break above 144.71 with a stop at 144.00 and we will place take profit at 145.75.


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