Elliott Wave Analysis: NZDUSD Intraday View

0
42

NZDUSD slowed down after pair fell down to 0.7170 area with five subwaves in wave 3, so current pause is normal. We see it as wave 4 correction that can be making a flat now so be aware of a spike to a new low and then sharp turn up for 0.7224 resistance where gains can be limited. We see NZDUSD in bearish mode as long as 0.7282 resistance level is not broken.

 

 

 

NZDUSD, 30Min

 

SHARE
Previous articleUbiquitech Software Corp (OTCMKTS:UBQU) Announces New CBD Product
Next articleBTCUSD Price Technical Analysis – Short-Term Downtrend Starting
Gregor Horvat first made his name in Slovenia and has become world famous in the forex market since 2003. He is both a trader and a technical analyst who offers trading strategies on the Fibonacci and Elliot Wave principle. His main focus is on currency pairs, U.S. stock market, gold and oil. Gregor Horvat found the forex service offered on http://www.ew-forecast.com/. This website provides traders technical analysis, while putting emphasis on behavioral patterns. These are derived from the Elliott Wave Principle (EWP). Traders who are interested in the entry and exit positions, and he probability of the former and latter follow the EWP on a regular basis.