Intraday Analysis Overview Taking Points - Technical Strategy: Long@.8380 - Trendline Broken On Daily Chart - Candlestick Pattern: Morning StarTrend is down, but chart showing possible pullback, and this is considerable counter-trend. On elliottwave, we are able to count five waves down on NZDUSD and considerable we will be in wave 2 / wave B. Price brokendown...
This pair is about to complete it's first leg of correction, and can be sell for target 1.099 to 1.0760 area
Traders, On March 28th, I defined three distinct targets, all of which have been hit. The most recent target remained pending on last analysis (see it here: ), when TG-3 = 0.88099 was overing a few pips above and fundamentals were waivering (milk prices were pointing down while RBNZ was talking about increasing its rate). At this point, TG-3 has been hit...
Friends, On a pure fundamental basis, a rate-based directional bias should favor a decline in the NZDCAD pair. First, $NZD was recently affected by a decline in its dairy futures pricing, bringing the currency to a double-top formation near the 0.87525 level, and capping any new advance on the back on these futures price concerns. Also, RBNZ stated: "We saw...
Friends, Last Wednesday, June 04th, I released two bearish targets, namely: 1 - TG-1 = 1.08986 - 04 JUN 14 and 2 - TG-2 = 1.08521. (Source: ) Both of these bearish targets got hit with great precision as of this hour (see M14 timeframe for a closer look of the price action relative to these two bearish targets here: ). A third target, standing at the...
Friends, TRADE PROFILE: Only three days ago, I took the opportunity of a long entry based on a daily chart which confirmed support near the 87.350 level. A layered analysis comprising my prop predictive analysis and forecasting favored a bull directional bias with a series of bullish targets of moderate-probability quality. Despite being a technical analyst, I...