Short term Elliott Wave view in NZDUSD suggests the decline to 0.6844 low ended cycle from 3/21 high in Minor wave W. Pair is currently correcting cycle from 3/21 high in 3, 7, or 11 swing in Minor wave X before the decline resumes. The rally from 4/27 low (0.6844) looks to be unfolding as a double three Elliott Wave structure where Minute wave ((w)) is expected to complete soon as a Flat Elliott wave structure , then pair should pullback in Minute wave ((x)) to correct cycle from 4/27 low before turning higher again. We don’t like buying the proposed bounce and expect Minor wave X rally to find sellers in 3, 7 or 11 swing for more downside as far as pivot at 0.709 high remains intact.
FWP Network > Forexhound.com > Analysis > Forex Analysis > NZDUSD > NZDUSD Elliott Wave View: More downside
NZDUSD Elliott Wave View: More downside
By Elliottwave-Forecast.com ()
·
May 2, 2017
·
Comments Off on NZDUSD Elliott Wave View: More downside
NZDUSD · Elliott Wave Theory, ElliottWave, Forex, NZDUSD
NZDUSD · Elliott Wave Theory, ElliottWave, Forex, NZDUSD

-
USDCAD Looks Bullish Long-Term! – Elliott wave (video)
January 16, 2020 · Comments Off on USDCAD Looks Bullish Long-Term! – Elliott wave (video) -
Elliott Wave View: Pivotal Software Inc. Lost 45% In Value In 1 Day
June 9, 2019 · Comments Off on Elliott Wave View: Pivotal Software Inc. Lost 45% In Value In 1 Day -
EURUSD : Sell Trade Setup
May 8, 2019 · Comments Off on EURUSD : Sell Trade Setup -
Elliott Wave View Expecting AUDJPY to Extend Lower
May 7, 2019 · Comments Off on Elliott Wave View Expecting AUDJPY to Extend Lower -
Elliott Wave View: S&P 500 Futures Eyeing New All-Time High
April 16, 2019 · Comments Off on Elliott Wave View: S&P 500 Futures Eyeing New All-Time High
analysis
AUD USD
binary option
buy sell
Canadian Dollar
candlestick
charts
day trade
day trading
down trend
ElliottWave
Elliott Wave Theory
EUR
Euro
EUR USD
fibonacci
forecast
Forex
futures
how to trade
Japanese Yen
learn to trade
macd
make money trading
moving average
profitable trading
profits
resistance
spread betting
stochastic
stop loss
support
Technical Analysis
technical commentary
Technicals
technical trading
trade idea
trade signals
trading advice
trading education
trend line
up trend
USD
US dollar
volume