You are here: Home > articles > Elliott Wave > Elliott Wave Analysis of EUR/NZD for November 27, 2013
Elliott Wave Analysis of EUR/NZD for November 27, 2013
November 27, 2013 7:30 amVideo
Latest News
- Euro will return to parity April 12, 2024
- Trading Signals for ETH/USD (Ethereum) for April 12-15, 2024: buy above $3,435 (3/8 Murray – 200 EMA) April 12, 2024
- EUR/USD. Analysis for April 12th. The euro falls down under the pressure of the news background April 12, 2024
- GBP/USD. Analysis for April 12th. A significant event: the pound fell below the 25-figure April 12, 2024
- Trading Signals for EUR/USD for April 12-15, 2024: buy above 1.0620 (-2/8 Murray – rebound) April 12, 2024
- GBP/USD: trading plan for the US session on April 12th (analysis of morning deals). The pound followed the euro April 12, 2024
- EUR/USD: trading plan for the US session on April 12th (analysis of morning deals). The euro continues to fall April 12, 2024
- EUR/USD and GBP/USD: Technical analysis on April 12 April 12, 2024
- EUR/USD: Dovish signals from the ECB and rising PPI April 12, 2024
- EUR/USD. April 12th. ECB meeting: confidence in rate cut increased in June April 12, 2024
- GBP/USD. April 12th. British economy continues to stagnate April 12, 2024
- Analysis and trading tips for EUR/USD on April 12 (US session) April 12, 2024
- Analysis and trading tips for USD/JPY on April 12 (US session) April 12, 2024
- Analysis and trading tips for GBP/USD on April 12 (US session) April 12, 2024
- Weekly Forex Outlook: 12/04/2024 – More inflation data on the way as rate cut bets in disarray April 12, 2024
- Technical Analysis – GBPUSD ticks down to new 5-month low April 12, 2024
- Bitcoin holds above $70,000 as halving event looms – Crypto News April 12, 2024
- Week Ahead – More inflation data on the way as rate cut bets thrown into disarray April 12, 2024
- Bitcoin will thrive during supply crisis April 12, 2024
- Technical Analysis – EURUSD plummets after US CPI and ECB decision April 12, 2024
Today’s Support and Resistance Levels:
R3: 1.6684
R2: 1.6636
R1: 1.6592
Current Spot: 1.6586
S1: 1.6521
S2: 1.6487
S3: 1.6462
Technical Summary:
The wave iv correction fell short of its ideal corrective target near 1.6344 and found its bottom already at 1.6380. Wave v is developing towards 1.6739. In the short-term we are looking for a minor set-back towards 1.6521 before a clear break above 1.6592 confirms the next rally higher towards 1.6636 and the expected wave v target at 1.6739. Only a break below 1.6380 will invalidate this count and call for a decline closer to 1.6344, but it will take a break below 1.6259 to invalidate the above count altogether and bring our alternative count in to play.
Trading Recommendation:
We missed the buying opportunity at 1.6350 yesterday. We will place a new EUR buy order at 1.6535 with a stop at 1.6375.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: