ew-forecast

Elliott Wave Analysis: NZDUSD Trading In A Correction

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
On the NZDUSD             chart we are tracking a three wave corrective rise, that could prove to be an expanded flat with final wave C) already underway. If that is the case, then wave C) will be constructed by five sub-waves with current wave 3 in final stages. Regarding the intra-day view we think that a fourth wave correction may be around the corner, that may slow down price for a few hours.
The ideal reversal for this whole higher degree correction could later be around the 0.71150 region.
aibek
3 months ago
Amazing accuracy friends! Thumbs up!
Reply
OdoFx
3 months ago
Hi
could it be that now c wave has started (correction c wave after completition of (C))?
if wave 5 or (C) ended at 0.717, then corrective wave a ended at .7043, now ending (?) wave b at 0.715 and c started (possibly ending at .702?)
thanks
Reply
OdoFx OdoFx
3 months ago
https://www.tradingview.com/chart/PzzYAzBM/
+1 Reply
ew-forecast PRO OdoFx
3 months ago
@OdoFx, Hi. As of current price action and development we could say that nzdusd in trading in a big A-B-C corrective rise, with wave C now unfolding as and ending diagonal. The count will be posted shortly.
Reply
OdoFx ew-forecast
3 months ago
@ew-forecast,
hello Grega,
thanks a lot for answer!
+1 Reply
ew-forecast PRO OdoFx
3 months ago
@OdoFx, No problem Odo. The count is posted:)
NZDUSD May See More Weakness, But After Temporary Correction
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
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