Elliott wave analysis of EUR/NZD for June 23, 2017
June 23, 2017 3:48 amVideo
Latest News
- Forecast for EUR/USD on July 18, 2023 July 18, 2023
- Forecast for GBP/USD on July 18, 2023 July 18, 2023
- Forecast for USD/JPY on July 18, 2023 July 18, 2023
- What to expect from the Bank of England, Federal Reserve, and ECB in July? July 18, 2023
- USD/JPY. Have traders found the price bottom? July 18, 2023
- Trading plan for GBP/USD on July 18. Analysis and simple tips for beginners July 17, 2023
- AUD/USD: correction seems over July 17, 2023
- EUR/USD: upside continuation favored July 17, 2023
- Trading plan for EUR/USD on July 18. Analysis and simple tips for beginners July 17, 2023
- Euro fixes profit July 17, 2023
- July 17, 2023 : Analyzing Recent Trends and Trading Opportunities in EUR/USD: A Technical Analysis Perspective. July 17, 2023
- July 17, 2023 : EUR/USD Intraday technical analysis and trading plan. July 17, 2023
- July 17, 2023 : GBP/USD Intraday technical analysis and significant key-levels. July 17, 2023
- US retail sales may not come to the dollar’s rescue – Forex News Preview July 17, 2023
- GBP/USD. Analysis for July 17th. The British pound is exhibiting signs of a corrective wave July 17, 2023
- Analysis of EUR/USD on July 17th. A gloomy start to the new week for the dollar July 17, 2023
- Trading Signal for GOLD (XAU/USD) for July 17-18, 2023: sell below $1,956 (21 SMA – range) July 17, 2023
- Technical Analysis – USDCAD consolidates after rebound pauses July 17, 2023
- Technical analysis on APPLE stock price for July 17th, 2023. July 17, 2023
- Technical analysis on Gold for July 17th, 2023. July 17, 2023
Wave summary:
Not much to add here. EUR/NZD is trying to bottom in wave ii/, but a break above minor resistance at 1.5564 remains needed to confirm that wave ii/ has completed and wave iii/ higher to above 1.6237 is developing.
As long as resistance at 1.5564 is able to cap the upside, we will need to allow for a slightly new low, but the downside potential should remain limited.
R3: 1.5633
R2: 1.5564
R1: 1.5504
Pivot: 1.5400
S1: 1.5352
S2: 1.5291
S3: 1.5238
Trading recommendation:
We are long EUR from 1.5446 with stop placed at 1.5246. If you are not long EUR yet, then buy a break above 1.5564 and start by using the same stop.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
Related Posts: