NZDUSD

The current NZDUSD structure suggests that the primary Ⓐ-Ⓑ-Ⓒ zigzag is under development. The standard ‘three’ pattern has only its 5-wave impulse Ⓐ completed. Wave Ⓑ, which is a double (W)-(X)-(Y) zigzag, is currently under formation.… Read More

Biased to the upside, NZDUSD has just bounced off the lower end of the ascending channel starting Apr 03. With the RSI(9) supporting the move, the pair is heading towards the psychological 60c once again. The round level is an… Read More

The primary bearish NZDUSD structure hints at a standard zigzag formation consisting of waves Ⓐ -Ⓑ -Ⓒ. Wave Ⓐ seems to have ended at the swing low, which gives bulls the opportunity to form a bullish 3-wave pattern in Ⓑ. This wave also… Read More

The current NZDUSD structure shows a bearish correction that was triggered at the cycle degree intervening wave x, near 0.6756. The impulsive downside move, suggests that this is an impeding zigzag, consisting of primary sub-waves Ⓐ-Ⓑ-Ⓒ.… Read More

The medium-term structure on NZDUSD hints at a standard zigzag pattern consisting of primary sub-waves Ⓐ-Ⓑ-Ⓒ. The primary wave Ⓐ comes in an impulse move that is unfolding in a bearish 5-wave manner of the intermediate waves… Read More

The current cycle-degree structure hints to further downside as part of primary waves Ⓦ-Ⓧ-Ⓨ. Wave Ⓦ unrolls in an intermediate (A)-(B)-(C) correction and has completed both waves (A) and (B), as seen on the chart. Following the… Read More