AndyM
Short

NZD ending wedge in C of flat completed. 0.62 is the target

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
145 0 7
Wave 5 of an ending wedge has completed itself near the 0.618 time mark of the time it took to form section 1-3. I have been trying to identify this top earlier, but the market was not ready to reverse until now. I think we are finally set for a reversal, along with EUR&CAD.

Note that we did not overshoot the upper channel - something that ending wedges are usually supposed to do. Yet, I favor the time factor more: if the 0.618 time band is approached by w5 and there is a sign of a reversal, then we are very likely to change direction.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out