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EURNZD Longs If Stocks Hits Resistance?!Top ↑  Our Services NEW!!Elliott Wave School Feb 07 2019
As commodities currencies turns down this week I think it's time to look at some of the crosses. I will look at EURNZD in particular as this one has a very clear path; five waves up from December 2018 low and then deep pullback which now appears completed at 1.6510 because of sharp rise out of the channel. We think more upside can be coming as current rally is looking impulsive, but as always we need pullback! Another thing about possibly higher EURNZD is penitential turn down on stocks. Keep in mind that E-mini S&P500 is at resistance, so deeper pullback can be coming which may support EURNZD even more as longs on this one is risk-off play. Please check video for more details: Trade well, GH Newsletter archive
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Trading forex, futures, options, stocks, cryptocurrenices or any another trading market carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could lose some or all of your initial investment; therefore you should not invest money that you cannot afford to lose. Our website and the information that we provide should not be relied upon as a substitute for extensive independent research before making your investment decisions. In no event will we be liable for any loss or damage on your account in connection with, the use of our products. For any real cash investments you have to contact your financial advisor.
Any information or material contained on our website is owned by Val Global d.o.o.. Reproduction is prohibited without our permission.
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