| Elliott wave analysis of EUR/JPY for December 10, 2018 2018-12-10 
Still no real progress here. EUR/JPY continues to trade sideways between 127.60 and 128.66. Our preferred count continues to call for a final decline close to 123.66 to complete wave (E) of a huge 10 year long triangle. Once wave (E) is complete we will be looking for a new long-term impulsive rally higher to near 200.00. However, for now, we need to focus on the final leg lower to complete wave (E). A break below minor support at 128.12 will indicate a decline to 127.60 and 126.62 on the way lower to the ideal long-term target for wave (E) at 123.66. R3: 129.10 R2: 128.90 R1: 128.66 Pivot: 128.12 S1: 127.96 S2: 127.60 S3: 127.21 Trading recommendation: We are short EUR from 128.05 with our stop placed at 129.10 Elliott wave analysis of EUR/NZD for December 10, 2018 2018-12-10 
Wave b became smaller than expected and completed already at 1.6495. With wave c of iv already well underway towards the ideal target for wave iv at 1.6741 from where the next swing lower is expected. The small b-wave could indicate that an ending diagonal will be unfolding as wave c to use up time. We will be looking for support near 1.6568 for the next spike higher towards 1.6741 to complete wave c and ii. R3: 1.6741 R2: 1.6708 R1: 1.6666 Pivot: 1.6609 S1: 1.6568 S2: 1.6547 S3: 1.6500 Trading recommendation: Our stop at 1.6510 was hit for a 110 pips profit. We will stay sidelined for now and wait for a selling opportunity near 1.6741.
Author's today's articles: Torben Melsted  Born in November 1962. Graduated from CBS, got Diploma in Finance. Began trading on Forex in 1986 and since that time held various positions such as advising clients, hedging client flows on FX and commodity markets. Also worked for major corporations as Financial Risk Manager. Uses Elliott wave analysis in combination with classic technical analysis, and has been using a Calmar Ratio of 5.0 for over 3 years. Has his own blog, where he uses Elliott wave and technical analysis on all financial markets.
Subscription's options management Theme's:
Fundamental analysis, Fractal analysis, Wave analysis, Technical analysis, Stock Markets
Author's :
Alexandros Yfantis, Arief Makmur, Dean Leo, Oscar Ton, Michael Becker, Mohamed Samy, Mourad El Keddani, Petar Jacimovic, Rocky Yaman, Sebastian Seliga, Torben Melsted
Edit data of subscription settings
Unsubscribe from the mailing list Sincerely,
Analysts Service | If you have any questions, you can make a phone call using one of the
InstaForex Toll free numbers right now:
|  | InstaForex Group is an international brand providing online trading services to the clients all over the world. InstaForex Group members include regulated companies in Europe, Russia and British Virgin Islands. This letter may contain personal information for access to your InstaForex trading account, so for the purpose of safety it is recommended to delete this data from the history. If you have received this letter by mistake, please contact InstaForex Customer Relations Department. |
No comments:
Post a Comment