A zoom into the wave.
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I think a move up is very unlikely.
For reversal, only if C wave completes.
Happy trading!
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The pair has finished an ABC correction and now heading up and we have two scenarios, the first: we are in a wave x upward which is a 5-3-5 corrective wave in the main trend direction (up). The second Scenario, we are going to continue in an impulsive fashion upward to new highs. With NZDUSD breaking a trend line to the downside, it is most probably we are going...
The GBPNZD pair has been in a strong uptrend, and after topping in August 24th, when the stock market bottomed after flash crashing, endured a lengthy correction.
The time for this correction now matches the time the advance took to form, and we're close to a perfect 0.618 retracement of it, which nicely lines up with many time at mode elements suggesting a long...
NZDUSD Daily Perspective
- October highs
- Weekly tl
- 200 ema
- Ascending channel
- Potential ABCD
- Strong bullish weekly candle
Would like to see how we react at this level.
3 MONTHLY ANALLYSIS - The last candle produced was a BULLISH ENGULFING candle off a major support level.
- suggests a bullish year is ahead for the kiwi
- alignment with bounce from MONTHLY 61.8 FIB LEVEL
THIS IS A LONG TERM TRADE - HIGHLIGHTED AREAS USED AS MANAGEMENT POINTS
GBPNZD broke its little channel it was riding in and has come back up and may be finding resistance which was previously support. Will be watching for signs to short this.
Prices may play nicely.
If you like these charts, please click "THUMBS UP"
Happy trading!
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Please, drag scales for proper visualisation . Also check 'Related Ideas' for previous analysis.
Happy new year!
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To recap the movement for EURNZD last week, the pair traded lowerafter a bearish pinbar on the weekly chart from the previous week as the EUR remains pretty much weaker, after the Fed raised rates and economic figures from Europe came in mixed.
Monday and Tuesday saw the EUR/NZD trade lower, after which traded pretty much sideways as commodity currencies took a...
These are pretty nice structures!
Happy trading!
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Expecting an "accidental" resistance" at $0.69. If price goes beyond, the structure resistance would be the target.
Happy trading!
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www.rbnz.govt.nz
Just want the TV community to be aware of this fundamental change to the Kiwi across the board.
cid:image003.jpg@01CEAD68.470EA830
15 December 2015
Updated weights for Trade-Weighted Index
The annual re-weighting of the Trade-Weighted Index (TWI) will take effect on Wednesday 16 December 2015.
The TWI is a measure of the value of the...
This trade set up is based on elliott wave analysis and the extremely negative sentiment towards gold and oil.
Risk/reward Ratio = 2
You can buy 50% of the trade now and the other 50% by limit order at 1059.
This long trade is in line with our longs in NZDUSD and Oil.
Happy trading :)
