GBPNZD: Support Ahead, Downtrend Still in Progress

On November 2nd, GBPNZD was trading above 1.9550. As of this writing, the pair is hovering slightly below 1.8400, meaning the British pound lost over 1150 pips against the New Zealand dollar in a single month. Fortunately, the Elliott Wave Principle put traders ahead of this sharp selloff. The chart below, published on November 5th,…

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EURNZD Bulls Look Better Going into December

Yesterday, we shared our view that despite being down by over 460 pips this month, a bullish reversal can be expected in EURAUD around 1.5500. Now, we are going to take a look at EURNZD, which lost even more in November. The pair plunged from 1.7359 to 1.6515 in the last thirty days, following a…

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GBPNZD: Pressure Mounts with Reversal in Place

GBPNZD has been in recovery mode for the past two years. The pair took off from 1.6705 in November 2016 and climbed to as high as 2.0470 in October 2018. The pound’s rally may seem counter-intuitive on the back of Brexit concerns in the United Kingdom, but that won’t be the first time the market…

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AUDNZD Bears Bumping into Fibonacci Support

Earlier this month we published an article about AUDNZD, sharing two slightly different, but both bullish counts, which are supposed to eventually lift the pair to 1.1500 or higher. It is too early to say how this is going, but at least the short-term outlook seems to support the bigger picture. AUDNZD has been declining…

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AUDNZD Bulls Have a Decision to Make

It has been almost two years since we examined the weekly chart of AUDNZD and concluded that the pair was likely to “Throw a Surprise Bulls Party”. And indeed, the Australian dollar managed to climb to 1.1290 against the New Zealand counterpart by October 2017. Unfortunately, that was the best the bulls were capable of…

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AUDNZD Navigating Through Elliott Waves

AUDNZD was trading close to 1.0730 on February 21st, after a strong recovery from as low as 1.0324. Despite the speed and sharpness with which the pair was rising, the Elliott Wave Principle suggested the bears were likely to “drag the rate back down to the area near 1.0600, where new long opportunities should present…

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AUDNZD Accelerated Fast. Time to Rest?

AUDNZD bulls got their revenge after months under bearish oppression It has been just 15 days since the last time we wrote about AUDNZD. On February 6th, the pair was trading around 1.0480, but we thought it was unlikely to remain there for long, because, as the chart below will show, our Elliott Wave analysis…

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NZDUSD: Interpreting the Recent Shine Loss

NZDUSD has been rising during the last month and a half, but lost its shine recently by dropping from 0.7374 to as low as 0.7155 in just five trading days. As always, the main question is where is the pair going to from now on? If you do not want to blindly follow the herd,…

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AUDNZD Stubborn Bears Finally Surrender

On December 30th, 2016, we published “AUDNZD Bears Weaker Than They Appear.” At the time of writing of that article, while the pair was trading near 1.0380, we thought the bulls should soon return and lift AUDNZD much higher. The reason for that optimism was the Elliott Wave analysis of the chart below. As visible,…

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GBPNZD Aiming at 1.8000. Here is the Reason

GBPNZD almost reached 1.8000 a month ago, but the bulls ran out of fuel a fraction of a pip lower. Then the bears took the torch to drag the pair as low as 1.7212 as of today. However, instead of selling after e decline of almost 590 pips, we believe the buyers are ready for…

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AUDNZD Bears Weaker Than They Appear

If you have read our last ARTICLE about AUDNZD, you know we had a long-term bullish outlook on the pair two months ago. We still do. However, instead of up, the cross has been going down ever since and is trading around 1.0385 as of today. We know it could be difficult to stick to…

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NZDUSD Seven Trading Days Later

Last Monday, November 21st, while NZDUSD was trading around 0.7020, we published an article called “NZDUSD Poised for a Corrective Recovery”. In our opinion, based on Elliott Wave analysis, the pair was “providing an opportunity for the bulls to achieve a three-wave rally to at least 0.7110.” Instead of relying on economic data or political news,…

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NZDUSD Poised for a Corrective Recovery

NZDUSD has been steadily declining since November 8th, when it reached 0.7402. Currently trading near 0.7020, the bears seem unstoppable and after a selloff of over 400 pips, it looks like the pair is headed much lower. However, even the strongest trends are interrupted by moves in the opposite direction, which might cause a lot…

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AUDNZD’s Bull Party is About to Get Louder

AUDNZD was trading around 1.0460 on June 29th, when we published “AUDNZD to Throw a Surprise Bull Party”(see original article), where we shared our opinion, that, based on Elliott Wave analysis, we thought the pair is suitable for long-term buys, as long as 1.0019 was safe. Currently, AUDNZD is trading around 1.0650, after climbing as…

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NZDUSD on Something More Than Just a Pullback

It has not been a good week for NZDUSD. After climbing to 0.7324, the pair lost momentum and fell to 0.7118 so far. But NZDUSD plunged to 0.6235 in September, 2015, so the current small pullback does not seem to be a reason for concern. Well, we believe it is, because, according to the Elliott…

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