empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account

02.03.201807:25 Forex Analysis & Reviews: Elliott wave analysis of EUR/JPY for March 2, 2018

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 02.03.2018 analysis

Wave summary:

Today, we would like to present an alternative count that is moving up to be the preferred count. If this count is correct, then the wave A should be close to completion and the wave B should be ready to take over for a rally towards at least 132.90.

Under this count, we do expect a final spike lower to 129.63 to complete the wave A and set the stage for a rally in the wave B.

R3: 131.70

R2: 131.25

R1: 130.79

Pivot: 130.45

S1: 130.00

S2: 129.75

S3: 129.63

Trading recommendation:

Our stop at 130.45 was hit for a 100 pip profit. We will buy EUR at 129.75 or upon a break above the resistance at 130.79.

Torben Melsted
Analytical expert of InstaForex
© 2007-2024

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.




You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off