Analysis is based on multiple fibonacci plots: monthly, weekly, daily and hourly intervals.
Short-term analysis:
Please pay attention to the main trend and don't get scared of the short term noise.
NZDUSD will move according to arrows visible on the plot it means there will be a chance to enter longs and shorts.
Long-term analysis:
In my perception NZDUSD is loosing momentum (daily/weekly) and will continue going down.
Moreover, pattern of stock market from 1996 to 2001 looks very similar to what we have at the moment 2014 onwards - please have a look at monthly chart of NZDUSD.
1996 top price was 0.715 while bottom was reached at 0.391 in 2000 - ratio of -1.82
2014 top price was 0.882 if ratio is going to repeat itself then price may reach 0.48
I expect similar pattern in the next financial crisis. Nonetheless, NZDUSD is moving down already that could only mean we are already in hidden crash and there is more downwards move to come.
Short-term analysis:
Please pay attention to the main trend and don't get scared of the short term noise.
NZDUSD will move according to arrows visible on the plot it means there will be a chance to enter longs and shorts.
Long-term analysis:
In my perception NZDUSD is loosing momentum (daily/weekly) and will continue going down.
Moreover, pattern of stock market from 1996 to 2001 looks very similar to what we have at the moment 2014 onwards - please have a look at monthly chart of NZDUSD.
1996 top price was 0.715 while bottom was reached at 0.391 in 2000 - ratio of -1.82
2014 top price was 0.882 if ratio is going to repeat itself then price may reach 0.48
I expect similar pattern in the next financial crisis. Nonetheless, NZDUSD is moving down already that could only mean we are already in hidden crash and there is more downwards move to come.
Trade active:
First target was reached exactly as expected.
Now I would expect NZDUSD to keep moving down.
Now I would expect NZDUSD to keep moving down.
Trade active:
Pattern I have drawn was correct however, timing was wrong.
"up-down-up" happened much faster then I thought.
Nonetheless, chart is still active and I'm expecting price to move down as it should be 'last arrow' on my plot.
"up-down-up" happened much faster then I thought.
Nonetheless, chart is still active and I'm expecting price to move down as it should be 'last arrow' on my plot.
Trade active:
Prediction was very accurate, you can see strong move downwards in the past few days.
Soon I will update new chart on NZDUSD.
Soon I will update new chart on NZDUSD.