NZDUSD Fibonacci Bounce Causes Optimism

At the start of December, 2018, NZDUSD almost reached 0.6970. A month later, the “flash crash” which brought chaos to many other Forex pairs, dragged the New Zealand dollar to 0.6586 on January 2nd, 2019. As of this writing, NZDUSD is hovering around 0.6760 and the bulls are probably wondering whether this is a chance…

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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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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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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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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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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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NZDUSD Intraday Bullishness

NZDUSD bottomed at 0.6620 and bounced up to 0.6770. This recovery was immediately followed by a new decline to 0.6684 so far. What to expect from now on in the short term? The Elliott Wave Principle might help us find the answer. First, we need to take a look at the 15-minute chart of NZDUSD,…

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NZDUSD On The Verge Of Reversal?

Those of you, who have read “NZDUSD Approaching A Major Resistance”, know that we have been bearish on NZDUSD for a long time now. However, we would not be bearish forever. Now seems to be a good time to reassess the situation and see if we could find some early signs of a probable reversal.…

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NZDUSD To The Target And Beyond

It’s been 7 months since we published “NZDUSD Approaching a Major Resistance” on June 30th, 2014. The forecast assumed NZDUSD is getting close to the point of reversal, somewhere in the 0.88 – 0.89 area. This is the chart we used to make this assumption: Soon after that, the pair topped at 0.8835 on July…

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NZD USD and the lack of direction

NZD USD is clearly in a consolidation. The exchange rate appears to be locked between 0.8030 and 0.7650 since the end of September. According to the Elliott Wave Principle, there are only two Elliott Wave patterns, which can explain NZDUSD‘s absence of direction – a flat or a triangle. Let’s take a look at the 4-hour…

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NZD USD: A Larger Recovery Ahead?

The last time we mentioned NZD USD in a forecast was on October 27th. In an article, called “NZDUSD ready to resume downtrend?” we assumed the pair should soon regain negative bias. The following chart shows how the situation looked like 13 days ago. According to the Elliott Wave Principle, after every 5-3 wave cycle the…

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