The pair price has lost significantly during the past several sessions. For now, 67.20 seems to be a solid support down below near the lower line formed recently. From there we can expect a rebound for 67.40 and later 67.60
The kiwi has started to fight back a little here and is now attempted a kumo breakout.
We are in the middle of a drawback to re-test our trend support at the kumo and tenkan sen.
I am looking for support to hold for a chance to get long as we attempt to rise up and challenge previous price structure resistance.
I've drawn out several partial take profit...
It looks like the corrective minuette wave ii completed or it's going to complete its bearish course near 1.7156/1.7300. The recent attempt to push prices down brought the pair lower where a subminute ,otive wave can be expected. This would add to validation components that could have minuette iii completed. SHould that effectuates, participants could look at the...
NZD was hit hard after ANZ Activity outlook fell to -1.8 (lowest since 2009) and business confidence fell to -53.5 (lowest point since 2008).
We like selling NZDUSD in the 6270/80 area looking for a break of recent lows, which would open up further downside towards 6200.
This pair went through a rare two-day whipsaw-ish price expansion of 90+ pips each day. That is almost twice the 20-day ADR for this pair. Due to this I am anticipating a rather subdued price action today with 35-55 pips range on top of today is Friday and there are no risk events for New Zealand and Singapore.
I do see scalping opportunities (in 15 min or 5 min...
As pictured above on weekly chart:
***if considering 12345 as a pattern, see that :
1) point (3) has correct 0.88 of (12) wave.
2) point (4) has correct 0.5 of (23) wave.
so if search in harmonic patterns we found that it can be deep crab so:
the point (5) could be at 1.618 Ext(12) that if draw Ext(34) and App(234) see that they are all convergence to each...