Elliott wave analysis of EUR/NZD for December 15, … 15.12.2017


Exchange Rates 15.12.2017 analysis

Wave summary:

EUR/NZD spiked higher to 1.6965 before tuning lower again. The failure to sustain the break above 1.6955 calls for more downside pressure towards 1.6720 before a low likely is in place. Short-term minor resistance is seen at 1.6873 and a break above here will be the first warning that a low has been found.

R3: 1.6965

R2: 1.6873

R1: 1.6836

Pivot: 1.6820

S1: 1.6751

S2: 1.6720

S3: 1.6695

Trading recommendation:

Our stop at 1.6955 was hit for a nice profit of 245 pips. We will be looking for a new buying opportunity and will buy a break above 1.6873.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by Torben Melsted,
Analytical expert
InstaForex Group © 2007-2017

Benefit from analysts’ recommendations right now

Top up trading account

Get a bonus from InstaForex

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.


Source link

قالب وردپرس

We hope you enjoyed reading the above post. How about helping us share the information to your fans and friends on social media? Meanwhile, you can rely on us daily for the latest and relevant free forex trading signals, free forex trading market news, free forex trading technical levels, weekly Pool draws, latest news from Nigeria and the world, educational articles and quality academic information, insurance news and scientific knowledge.

Do you need a classical ORGANIST or an excellent music teacher? CALL Fabian on 08033983034 or email him at agfab2013@gmail.com

Follow us on twitter @newsbeatportal

learn how to make profit from your losing bets on nairabet, bet9ja, merrybet, surebet. 07030635051
Engage #SantexTech today to build & install inverters, training on inverters & other electronic designs, projects/kits. Call 08039574535

Click to join Talk Nigeria Today, a group where hot, controversial, and breathtaking issues are brainstormed upon.

Konga Verified Blogger

Leave a Reply