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 November 11 - 2014

2014-11-11-EURNZD-8H.png


Today's support and resistance levels:


R3: 1.6058


R2: 1.6028


R1: 1.6000


Current spot: 1.5976


S1: 1.5961


S2: 1.5935


S3: 1.5903


Technical summary:


We are still locked in this very complex consolidation and is currently testing the support-zone between 1.5903 - 1.5958. We expect this support to protect the downside for a break above resistance at 1.6079 for a new run towards strong resistance at 1.6273. Only a break above here will open up the upside for a continuation towards 1.6446 and possibly even 1.6800. On the other hand, a break below 1.5903 will call for a continuation lower to 1.5700 in an expanded diagonal before moving higher again.


Trading recommendation:


We have place a EUR-buy order at 1.5925 or upon a break above 1.6079 with a stop at 1.5875.


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