Elliott wave analysis of EUR/NZD for February 6, 2018 888011000 110888 < imgwidth=”450″ src =”http://qkfx.com/wp-content/uploads/2018/02/elliott-wave-analysis-of-eur-nzd-for-february-6-2018.png”alt =”analytics5a7941ee39161.png”/ > Wave summary: The failure to rally directly higher has actually made us evaluate the other possible counts and the possibility of the rally from 1.6518 to 1.7101 being a leading diagonal is high. The wave i/ is larger than the wave iii/, which again is bigger than the wave v/. If this count is appropriate, then a deeper correction should be anticipatedto 1.6808 and maybe even closerto 1.6740 in thecoming daysprior to there is arenewed benefit pressure towards 1.7479 and 1.7777. R3: 1.7101 R2: 1.7055 R1: 1.6955 Pivot: 1.6935 S1: 1.6914 S2: 1.6864 S3: 1.6808 Trading recommendation: We are long EUR from 1.6695 and will take half revenue here at 1.6955 for a great revenue of 260 pips, and we will keep our stop at 1.6905. If this stop is hit, we will re-buy EUR at 1.6815. The product has actually been offered by InstaForex Business-www.instaforex.com

By | February 6, 2018

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