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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AUDNZD to Throw a Surprise Bull Party

AUDNZD climbed as high as 1.1332 in March, but thing did not go very well for the bulls, who lost control and allowed the bears to sink the pair to 1.0408 as of June 9th, 2016. Just as it was all looking bullish three months ago, it is all looking bearish now. And that is why…

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NZDUSD to Fall Off a Cliff?

NZDUSD exceeded the 0.7000 mark last week. The pair has been recovering for the last four months, which led it to 0.7053. It has been a good run for the bulls, but there are signs, which show the bears are yet to say their final word. The Elliott Wave Principle is a forecasting method, based…

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NZDUSD Two and a Half Months Later

It has been nearly two and a half months since we published “NZDUSD Getting Ready to Launch?”. On January 18th, 2016, the New Zealand dollar was trading around 0.6460 against the U.S. dollar. The pair has been in a sharp downtrend since mid-2014, so any bearish expectations were reasonable. However, the charts were sending the…

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NZDUSD Getting Ready to Launch?

NZDUSD seems to be in a state of free fall, ever since it reached as high as 0.6882 in late December. Currently, the pair is trading near 0.6460, after it fell to 0.6380 last week. And while the exchange rate is still considered to be in a downtrend, the Elliott Wave Principle suggests we might…

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NZDUSD Ready To Jump Now?

In our previous analysis on NZDUSD, titled “A Disappointing Week Ahead For NZDUSD?”, we shared our bearish view of the pair, saying that “buying NZDUSD now is the exact opposite to the right decision”. We thought so, because there was a clear five-wave impulse on the 4-hour chart. And, according to the Elliott Wave Principle,…

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AUDNZD, So Far So Good. Bears, Beware.

On September 2nd, we published “AUDNZD With Great Growth Potential”. However, one of the two most probable counts suggested “the pair could fall as low as 1.06, before uptrend resumes”. The only reason for this assumption was the daily chart of AUDNZD. It is given below. As visible, AUDNZD was trading near 1.1060 back then, which…

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A Disappointing Week Ahead For NZDUSD?

NZDUSD rose from 0.6235 to 0.6896. A 660-pip recovery in a little over three weeks could easily convince the majority of traders, that it is time to go long on this pair. However, a closer look at the charts might lead us to a different conclusion. As the 4-hour chart of NZDUSD clearly shows, the…

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AUDNZD With Great Growth Potential

AUDNZD has been trading between 1.1430 and 1.0900 since the beginning of July. Trading in ranges is much more difficult than following the trend. So, could we expect the pair to start trending soon? The Elliott Wave Principle might help us find the answer. Let’s check a daily chart of AUDNZD, in order to see…

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