Elliott wave analysis of EUR/JPY for April 16, 2014
April 16, 2014 7:25 amVideo
Latest News
- Analysis of the GBP/USD pair on April 18, 2024 April 18, 2024
- Analysis for EUR/USD pair on April 18th. Dull ending to a dull week April 18, 2024
- USD/JPY: Simple trading tips for novice traders on April 18th (US session) April 18, 2024
- GBP/USD: Simple trading tips for novice traders on April 18th (US session) April 18, 2024
- EUR/USD: Simple trading tips for novice traders on April 18th (US session) April 18, 2024
- GBP/USD: trading plan for the US session on April 18th (analysis of morning deals) April 18, 2024
- Trading Signals for EUR/USD for April 18-20, 2024: buy above 1.0641 (21 SMA – 2/8 Murray) April 18, 2024
- Bitcoin slides ahead of halving event – Crypto News April 18, 2024
- Trading Signals for BITCOIN (BTC/USD) for April 18-20, 2024: buy above $62,500 or $63,037 (4/8 Murray – rebound) April 18, 2024
- GBP/USD. April 18th. Andrew Bailey did not clarify the situation on QE April 18, 2024
- Trading Signals for GOLD (XAU/USD) for April 18-20, 2024: buy above $2,375 (6/8 Murray – 21 SMA) April 18, 2024
- Technical Analysis – Netflix stock moves within narrow range ahead of earnings April 18, 2024
- Technical Analysis – GBPUSD tries to recoup some losses April 18, 2024
- USD/JPY in crisis April 18, 2024
- EUR/USD: trading plan for US session on April 18. EUR gets stuck at 1.0686 April 18, 2024
- Fed to keep policy tight for longer than markets view April 18, 2024
- Technical Analysis – BTCUSD drops to 6-week low as halving looms April 18, 2024
- Midweek Technical Look – EURUSD, US 500, WTI April 18, 2024
- Technical Analysis – AUDJPY pulls back but stays in uptrend April 18, 2024
- Forex forecast 04/18/2024: EUR/USD, USD/JPY, Oil and Bitcoin from Sebastian Seliga April 18, 2024
Today’s Support and Resistance levels:
R3: 142.23
R2: 141.89
R1: 141.55
Current spot: 141.41
S1: 141.15
S2: 140.90
S3: 140.60
Technical summary:
We do expect more downside pressure, but green wave ii has become much larger than expected, however, it is allowed to correct all of green wave i, which means a return to 141.55, but it cannot break above this important resistance even by one pip as that would change our preferred short-term count to a more complex blue wave iv correction. However, if resistance at 141.55 does protect the upside for a break below 141.15 and more importantly a break below 140.82, we will be looking for green wave iii towards 139.72 and maybe even slightly deeper towards 139.43.
Trading recommendation:
Our stop at 140.95 was hit for a nice little profit. We will sell EUR again here at 141.41 with a stop at 141.60.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: