Elliott wave analysis of EUR/NZD for October 4, 2018
October 4, 2018 7:22 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
EUR/NZD is currently testing the minor resistance-line near 1.7677 a break above this resistance-line will be the first good indication that red wave ii/ has completed at 1.7484 and red wave iii/ towards at least 1.8030 and more likely 1.8369 is developing.
We would not be surprised if the minor resistance-line is able to contain the rally from 1.7484 for a minor correction towards 1.7592 and perhaps even closer to 1.7559 before the next and likely successful attempt to break the resistance-line near 1.7677 is seen.
R3: 1.7732
R2: 1.7704
R1: 1.7677
Pivot: 1.7631
S1: 1.7592
S2: 1.7559
S3: 1.7518
Trading recommendation:
We are long EUR from 1.7500 with our stop placed at 1.7475. If you are not long EUR yet, then buy near 1.7559 or upon a break above 1.7677 and use the same stop at 1.7475.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: