Elliott wave analysis of EUR/NZD for April 12, 2017
April 12, 2017 6:42 amVideo
Latest News
- Technical Analysis – EURGBP maintains bearish bias amid pennant formation April 17, 2024
- EUR/USD. April 17th. Jerome Powell supports the dollar April 17, 2024
- GBP/USD. April 17th. Inflation in Britain is falling, but not as much as the market wants April 17, 2024
- Tesla Q1 Earnings: Poor deliveries point to disappointing results – Stock Markets April 17, 2024
- Video market update for April 17, 2024 April 17, 2024
- Forex forecast 04/17/2024: EUR/USD, GBP/USD, Gold, Bitcoin and Ethereum from Sebastian Seliga April 17, 2024
- Technical Analysis – Gold struggles to jump above 2,400 April 17, 2024
- GBP/USD: trading tips for beginners for European session on April 17 April 17, 2024
- EUR/USD: trading tips for beginners for European session on April 17 April 17, 2024
- Market Comment – Geopolitics and Fedspeak keep stocks under pressure April 17, 2024
- Technical Analysis – USDJPY on the verge of hitting 155.00 milestone April 17, 2024
- Hot forecast for EUR/USD on April 17, 2024 April 17, 2024
- Overview for the GBP/USD pair on April 17th. British inflation could weigh on the pound April 17, 2024
- Technical Analysis – NZDUSD bounces off 5-month low April 17, 2024
- Overview for the EUR/USD pair on April 17th. There is no single reason for the euro to rise April 17, 2024
- Key events on April 17: fundamental analysis for beginners April 17, 2024
- Trading plan for GBP/USD on April 17. Simple tips for beginners April 17, 2024
- Trading plan for EUR/USD on April 17. Simple tips for beginners April 17, 2024
- Technical Analysis of Intraday Price Movement of USD/JPY Main Currency Pairs, Wednesday April 17, 2024. April 17, 2024
- Technical Analysis of Intraday Price Movement of Crude Oil Commodity Asset, Wednesday April 17, 2024. April 17, 2024
Wave summary:
There is not much to add from yesterday’s update here. The range trading between 1.5150 – 1.5347 continues to dominate the picture and only a breakout of this range will determine the next larger move up or down. We still favor a rally above resistance at 1.5347 for a continuation higher to 1.5570 and likely even closer to 1.5790. That said, we need to respect an unexpected break below support at 1.5150 that will extend the corrective decline from 1.5486 closer to 1.4990 and possibly even closer to 1.4874 before the next rally higher.
R3: 1.5347
R2: 1.5312
R1: 1.5280
Pivot: 1.5230
S1: 1.5180
S2: 1.5165
S3: 1.5151
Trading recommendation:
We are long EUR from 1.5235 and will take a small profit here at 1.5276. We will only re-buy EUR upon a break above 1.5347.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
Related Posts: