You are here: Home > articles > Elliott Wave > Elliott wave analysis of EUR/NZD for October 14 – 2014
Elliott wave analysis of EUR/NZD for October 14 – 2014
October 14, 2014 11:05 amVideo
Latest News
- Key events on April 29: fundamental analysis for beginners April 29, 2024
- Trading plan for GBP/USD on April 29. Simple tips for beginners April 29, 2024
- Trading plan for EUR/USD on April 29. Simple tips for beginners April 29, 2024
- Analysis of GBP/USD on April 26th. The pound trades on Friday without changes April 26, 2024
- USD/JPY: Simple trading tips for novice traders on April 26th (US session) April 26, 2024
- GBP/USD: Simple trading tips for novice traders on April 26th (US session) April 26, 2024
- EUR/USD: Simple trading tips for novice traders on April 26th (US session) April 26, 2024
- GBP/USD: trading plan for the US session on April 26th (analysis of morning deals). The pound attempted, but it didn’t go April 26, 2024
- EUR/USD: trading plan for the US session on April 26th (analysis of morning deals). The euro continues to rise April 26, 2024
- Trading Signals for GOLD (XAU/USD) for April 26-29, 2024: buy above $2,324 and sell below $2,352 (21 SMA – 6/8 Murray) April 26, 2024
- Technical Analysis – AUDUSD set to complete best week of the year April 26, 2024
- Will Apple finally drop its AI hint? – Stock Markets April 26, 2024
- Bitcoin slips as markets pare back Fed rate cuts – Crypto News April 26, 2024
- EUR/USD. April 26th. Bulls continue to advance after the GDP report April 26, 2024
- Can Chinese PMIs solidify the economy’s recovery prospects? – Preview April 26, 2024
- Weekly Forex Outlook: 26/04/2024 – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too April 26, 2024
- XM’s Lombok Collaboration: Brightening Futures April 26, 2024
- Week Ahead – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too April 26, 2024
- Market Comment – Yen keeps sinking after Bank of Japan decision April 26, 2024
- Fed faces dilemma amid sticky inflation and slowing economy – Preview April 26, 2024
Today’s support and resistance levels:
R3: 1.6219
R2: 1.6166
R1: 1.6140
Current spot: 1.6108
S1: 1.6085
S2: 1.6055
S3: 1.6000
Technical summary:
We are still locked in a narrow range between 1.6055 – 1.6219, but we do expect support at 1.6055 to be able to protect the downside for a break above resistance at 1.6219 to provide the acceleration needed to move higher towards 1.6446 on the way higher to 1.6836. Only and unexpected break below support at 1.6055 will delay the expected upside pressure for a move closer to 1.6000 and likely even 1.5977 before higher again.
Trading recommendation:
We are long EUR from 1.6135 with stop placed at 1.6025. If you are not long EUR yet, then buy near 1.6055 with the same stop at 1.6025.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: