Nzd / Usd keep going up !!
Nzd / Usd keep going up !!
In this analysis, I use the Elliott Wave analysis point of view. I tried to find the wave notation 1,2 and 3 then tried to break it down to the smaller wave notation.
At the moment I believe Nzd / Usd is completing wave 3, with fibo extension, I measure waves 1 and 2, and wave 3 is at least now more than the value of 1 fibo extension, there is a possibility that the price will continue moving towards the value 1.618.
As we know that wave 3 consists of 5 impulse waves, so I am looking for wave (5).
I placed the fibo extension start wave (2), headed for wave (3) and it seems that at the moment the price is moving towards the value of 1 fibo extension.
On this placement, we can see that there is a fibo cluster between the expected wave 3 and the end of wave (5) of wave 3 in the price range which is not too far away.
Fibo clusters can be used as a reference to find potential resistance. Therefore, I assume that the price will continue to move up and even reach the fibo cluster area in the price range 0.70350 - 0.70800 with a validation area boundary at 0.64700.
As long as the price does not break the validation area, the buy analysis for this pair will still be valid
In this analysis, I use the Elliott Wave analysis point of view. I tried to find the wave notation 1,2 and 3 then tried to break it down to the smaller wave notation.
At the moment I believe Nzd / Usd is completing wave 3, with fibo extension, I measure waves 1 and 2, and wave 3 is at least now more than the value of 1 fibo extension, there is a possibility that the price will continue moving towards the value 1.618.
As we know that wave 3 consists of 5 impulse waves, so I am looking for wave (5).
I placed the fibo extension start wave (2), headed for wave (3) and it seems that at the moment the price is moving towards the value of 1 fibo extension.
On this placement, we can see that there is a fibo cluster between the expected wave 3 and the end of wave (5) of wave 3 in the price range which is not too far away.
Fibo clusters can be used as a reference to find potential resistance. Therefore, I assume that the price will continue to move up and even reach the fibo cluster area in the price range 0.70350 - 0.70800 with a validation area boundary at 0.64700.
As long as the price does not break the validation area, the buy analysis for this pair will still be valid
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.