NZDUSD

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

The current NZDUSD structure hints to a bullish combination consisting of primary sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. Wave Ⓨ looks fully completed, whereas Ⓧ is still under construction. That could be followed by wave Ⓩ. The aforementioned scenario… Read More

The current formation on NZDUSD shows a cycle degree intervening wave x, as part of a triple combo wave. At the time of writing, we can notice that wave x could be a bullish double zigzag consisting of primary sub-waves Ⓦ-Ⓧ and Ⓨ. With Ⓦ… Read More

We talked about NZDUSD a few sessions back. The current formation hints to a double zigzag pattern consisting of primary waves Ⓦ-Ⓧ-Ⓨ. The primary structure suggests that waves Ⓦ and Ⓧ are completed, whereas wave Ⓨ is under development.… Read More