Elliott wave analysis of EUR/NZD for August 5, 2014
August 5, 2014 8:40 amVideo
Latest News
- Supercharged US dollar turns to GDP growth data – Preview April 19, 2024
- Technical Analysis – USDCHF remains in bullish structure April 19, 2024
- Hot forecast for EUR/USD on April 19, 2024 April 19, 2024
- We’ve Donated Books in Vietnam for Children’s Day April 19, 2024
- Week Ahead – US GDP and BoJ decision on top of next week’s agenda April 19, 2024
- Technical Analysis – GBPJPY range trading continues April 19, 2024
- Overview of the GBP/USD pair on April 19th. The Bank of England may lower the rate in May April 19, 2024
- Overview of the EUR/USD pair on April 19th. Jerome Powell crushed all euro growth prospects April 19, 2024
- Key events on April 19: fundamental analysis for beginners April 19, 2024
- Trading plan for GBP/USD on April 19. Simple tips for beginners April 19, 2024
- Trading plan for EUR/USD on April 19. Simple tips for beginners April 19, 2024
- Forecast for EUR/USD on April 19, 2024 April 19, 2024
- Forecast for GBP/USD on April 19, 2024 April 19, 2024
- Forecast for USD/JPY on April 19, 2024 April 19, 2024
- Technical Analysis of Intraday Price Movement of Litecoin Cryptocurrency, Friday April 19 2024. April 19, 2024
- Technical Analysis of Intraday Price Movement of Polkadot Cryptocurrency, Friday April 19 2024. April 19, 2024
- Michelle Bowman reiterated Jerome Powell’s opinion April 19, 2024
- The ECB has finally made up its mind April 19, 2024
- The dollar is in control April 19, 2024
- Analysis of the GBP/USD pair on April 18, 2024 April 18, 2024
Today’s support and resistance levels:
R3: 1.5848
R2: 1.5825
R1: 1.5790
Current spot: 1.5738
S1: 1.5729
S2: 1.5705
S3: 1.5700
Technical summary:
The correction from 1.5829 is still unfolding and we are looking for a decline closer to 1.5705, before the next impulsive rally higher through 1.5829 is expected for a continuation higher to 1.5900 and possibly even to 1.6042.
In the longer term, we are looking for much higher levels.
Trading recommendation:
We will buy EUR at 1.5710 with stop placed at 1.5600.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: