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 24, 2016

analytics58369c973d630.png

Wave summary:

EUR/JPY is finally accelerating higher, having broken above resistance at 118.60. The pair is now testing the next target near 119.42. The rally from 113.70 is becoming a bit extended now, but only a break below minor support at 118.46 will indicate that red wave iii is complete and red wave iv is unfolding for a correction towards 116.37. In the short term, the next resistance at 119.42 is likely to be broken too. Then the next target to look for is seen at 121.03 with the next major target expected at 122.00.

Trading recommendation:

We are long EUR from 115.04 and will move our stop higher to 118.40. If you are not long EUR yet, then buy the next correction.

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