Instaforex Analysis

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Re: Instaforex Analysis

Postby IFX Gertrude » Mon Aug 13, 2018 2:06 am

Technical analysis: Intraday Level For EUR/USD, Aug 13, 2018

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When the European market opens, there will be no Economic Data released, but the US will release the Economic Data such as Mortgage Delinquencies, so, amid the reports, EUR/USD will move in a low to medium volatility during this day.

TODAY'S TECHNICAL LEVEL:
Breakout BUY Level: 1.1451.
Strong Resistance:1.1444.
Original Resistance: 1.1433.
Inner Sell Area: 1.1422.
Target Inner Area: 1.1395.
Inner Buy Area: 1.1368.
Original Support: 1.1357.
Strong Support: 1.1346.
Breakout SELL Level: 1.1339.

Analysis are provided byInstaForex.
Best regards, PR Manager

Learn more about InstaForex Company at http://instaforex.com
IFX Gertrude
 
Posts: 2258
Joined: Wed Nov 07, 2012 6:25 am

Re: Instaforex Analysis

Postby IFX Gertrude » Tue Aug 14, 2018 2:13 am

Elliott wave analysis of EUR/NZD for August 14, 2018

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We are looking for red wave ii to complete in the 1.7196 - 1.7258 target-zone. Once this correction is complete a new impulsive rally to above 1.7487 is expected for a continuation higher to 1.7924 and 1.8369 as the next upside important upside targets. Short-term only a break above minor resistance at 1.7356 will indicate that a corrective low has been seen for red wave ii and red wave iii is taking over for a rally to above 1.7487.

R3: 1.7487
R2: 1.7417
R1: 1.7355
Pivot: 1.7322
S1: 1.7258
S2: 1.7226
S3: 1.7196

Trading recommendation:
We will re-buy EUR at 1.7245 or upon a break above 1.7356.

Analysis are provided byInstaForex.
Best regards, PR Manager

Learn more about InstaForex Company at http://instaforex.com
IFX Gertrude
 
Posts: 2258
Joined: Wed Nov 07, 2012 6:25 am

Re: Instaforex Analysis

Postby IFX Gertrude » Wed Aug 15, 2018 2:13 am

Elliott wave analysis of EUR/NZD for August 15, 2018

Image

After a dip to 1.7220 all requirements for the correction in red wave i has been fulfilled. Therefore we are looking for a break above resistance at 1.7355 to confirm that red wave iii is developing for a break above the peak at 1.7484 as EUR/NZD moves higher towards 1.7924 and 1.8369.

Short-term support is seen at 1.7243, this support should ideally be able to protect the downside, for the expected rally higher. If, however, a break below 1.7243 is seen, a final dip closer to 1.7196 should be expected to complete red wave ii.

R3: 1.7487
R2: 1.7417
R1: 1.7355
Pivot: 1.7299
S1: 1.7270
S2: 1.7243
S3: 1.7220

Trading recommendation:
We are long EUR from 1.7245 with our stop placed at 1.7215.

Analysis are provided byInstaForex.
Best regards, PR Manager

Learn more about InstaForex Company at http://instaforex.com
IFX Gertrude
 
Posts: 2258
Joined: Wed Nov 07, 2012 6:25 am

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