ew-forecast

NZDUSD : More Gains Expected, After Temporary Correction

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
On the 2h chart of NZDUSD             , we see a nice looking structure from 0.6237 area, from where price took off. We are now tracking black wave three, that could reach 0.6700 area, when completed. Price usually makes a corrective recovery, after a five wave structure, and that is why price is now trading in a blue wave 4-circled pullback. The pullback in blue wave 4-circle could reach the fibo. level of 38.2% of previous blue wave 3-circled, before turning to the upside.

Link to our previous counts on this pair :

NZDUSD : Temporary correction in sight


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Agree with short term direction but from my point of view this pair already bottomed
+1 Reply
moorekapital FullTimeTrader
An views on gold????
Reply
FullTimeTrader moorekapital
Same with gold and silver, im already long and will keep positions long term. You can buy the dips. Regards.
+1 Reply
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