CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
empty
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Stay
Proceed
Open Account
InstaForex Loprais Team - Official participant of the Dakar rally
InstaForex Loprais Team - Official participant of the Dakar rally
For Traders
Analytical Reviews
Wave analysis

13.01.201606:46 Forex Analysis & Reviews: Elliott wave analysis of EUR/NZD for January 13 - 2016

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 13.01.2016 analysis

Wave summary:

The correction from 1.6841 is likely to be over with the test of 1.6370. We will now be looking for a break above 1.6714 and of course more importantly a break above 1.6841 confirming upside acceleration towards 1.7205 and likely even higher to 1.7641.

In the longer term, we continue to look for much higher levels and ultimately a break above 1.9114 for a continuation higher to 1.9844.

Trading recommendation:

We are long EUR from 1.5810 with our stop placed at 1.6235. If you are not long EUR yet, then buy a break above 1.6647 and place your stop at 1.6360.

Torben Melsted
Analytical expert of InstaForex
© 2007-2025
Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.




All Analytics
Fundamental analysis
GBP/USD Overview – April 23: The British Pound Can't Stop Smiling On Tuesday, the GBP/USD currency pair traded much more calmly, yet again showed signs of a "maxed-out flat" pattern. As previously noted, the US dollar has only had two behaviors
Paolo Greco
04:56 2025-04-23 +02:00
1075
Fundamental analysis
EUR/USD Overview – April 23: Another Calm Before Another Collapse? The EUR/USD currency pair traded more calmly on Tuesday than on Monday. The US dollar managed to avoid another fall, but it's too early to celebrate. The greenback can collapse
Paolo Greco
04:56 2025-04-23 +02:00
1075
Breaking Forecast Trading Plan Cryptocurrencies USD/RUB Russian Economy Video Analysis
Trading Instruments
EURUSD GBPUSD USDCHF USDCAD USDJPY AUDUSD EURGBP EURJPY NZDUSD EURNZD Silver Gold #CL #USDX COVID-19 Bitcoin

Official partners of InstaForex

The future is coming - InstaForex and Dragon Racing
The team of Formula - E
Be always the first with InstaForex Loprais Team
Official participant of the Dakar rally
Team up with us -
win with InstaForex and Zvolen!
IIHF Continental Cup winner in 2005

Trading Instruments

The best instruments for successful online Forex trading
MetaTrader Trading Platform
Charts on-line
Forex Analysis
Forex Demo Account
Trader calculator
Forex Indicators

Top analytics

Relevance up to 22:00 2025-04-23 UTC--4
Trading Recommendations and Analysis for GBP/USD on April 23: Has the Market Remembered Where the "Sell" Button Is?
04:29 2025-04-23
Trading plan
Relevance up to 22:00 2025-04-23 UTC--4
EUR/USD Overview – April 23: Another Calm Before Another Collapse?
04:56 2025-04-23
Fundamental analysis
Relevance up to 22:00 2025-04-23 UTC--4
Trading Recommendations and Analysis for EUR/USD on April 23: Rollercoaster or Correction?
04:29 2025-04-23
Trading plan
Relevance up to 22:00 2025-04-23 UTC--4
GBP/USD Overview – April 23: The British Pound Can't Stop Smiling
04:56 2025-04-23
Fundamental analysis
Relevance up to 10:00 2025-04-27 UTC--4
The Dollar Has Been Replaced. Nature Abhors a Vacuum
00:08 2025-04-23
Fundamental analysis
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Proceed
Can't speak right now?
Ask your question in the chat.
Widget callback
Callback widget

Turn "Do Not Track" off

 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of Instant Trading EU Ltd including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.