Talking Points: NZDUSD Technical Strategy: Temporary Bullish Elliottwave Count: Wave C is still due We were tracking to see correction complete on or above .7200 area before downtrend. But this might not be a straight line. This can be played with two scenario. Scenario 1: where we might see upside on wave (c) and can be target on area zone of 7060,...
The price is moving in a strong downtrend channel. We can see a possible AB-CD pattern, however a strong support level is facing at the psychlogical level 1.0700/1.0675. The recent event in France might play a role in the continue. If the price break the support the AB-CD pattern would be much more valid. Otherwise, a retracement move might lead the price to...
Since March 2015 price of EURGBP is trading in range for daily chart. I like to trade in range till Oct ECB press conference. Happy Trading; Rina P : currency analyst & Forex trader