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Analytical Reviews
Wave analysis

02.09.201515:10 Forex Analysis & Reviews: Elliott wave analysis of EUR/NZD for September 2 - 2015

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 02.09.2015 analysis

Technical summary:

As long as important support at 1.7103 protects the downside, a bullish case can be made for one final rally that ideally should break above the wave iii higher at 1.9023. The wave iii high at 1.9023 is far away and we think that the possible risk of a fifth wave failure is bigger than usual.

It leaves us with a bigger risk towards the upside and the downside, so at this point we prefer to wait for the larger and clearer picture.

Trading recommendation:

Stay neutral for now and wait for a more clear picture.

Torben Melsted
Analytical expert of InstaForex
© 2007-2025
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