ew-forecast

NZDJPY : Basic Flat Correction Unfolding

FX:NZDJPY   New Zealand Dollar/Japanese Yen
After a nice impulsive decline from February highs at 79.39 down to 73.18, NZDJPY             has turned higher and has since then been trading slowly and choppy, clearly in a correction, that looks to be a flat pattern. Well, this correction from the end of a five wave drop could be near completion, as price seems to be trading in its third and final leg, wave C. We still need five sub-waves in wave C, before we can expect a reversal to the downside.
Upside can be limited at the region of the previous wave iv), 76.76 level, where resistance can take place.

www.ew-forecast.com
@ewforecast
Visit Our website: www.ew-forecast.com

Follow Me On Twitter: https://twitter.com/gregahorvatfx

Watch our videos Free at: https://www.youtube.com/user/ewforecast/videos
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out