Long Positions Above 0.742 With Targets @ 0.752 & 0.754 In Extension. Comment: the RSI is well directed.
Short Positions Below 0.661 With Targets @ 0.651 & 0.649 In Extension. Comment: the RSI is badly directed.
XAB 0.886 BCD 2.000 ABC 0.786 XAD 1.618 PRZ 0.6865 - 0.6918
As we can see at the H1 chart, right now the price is being corrected in the wave iv of the wave (iii). On Thursday, this ascending correction may continue, but later the market is expected to resume its decline in the wave v of (iii).
Pair: GBPNZD Direction: Sell Type: Pending Entry Price: 2.2139 Stop Loss: 2.2338 Profit Target 1: 2.1920 Profit Target 2: 2. 1783
Pivot: 128.2 targets @ 126.7 & 126.1 in extension. Comment: the RSI is mixed to bearish.
Pair: NZDUSD Direction: Buy Type: Pending Entry Price: 0.6725 Stop Loss: 0.6665 (60 pips) Profit Target 1: 0.6780 (55 pips) Profit Target 2: 0.6820 (95 pips) Risk to Reward: 1 to 1.58
Pivot: 37.16 Our preference: long positions above 37.16 with targets @ 38.31 & 38.87 in extension. Alternative scenario: below 37.16 look for further downside with 36.8 & 36.2 as targets. Comment: intraday technical indicators are mixed and call for caution.
Pair: GBPUSD Direction: Buy Type: Immediate Entry Price: 1.473 Stop Loss: 1.467 (60 pips) Profit Target 1: 1.479 (60 pips) Profit Target 2: 1.483 (100 pips) Risk to Reward: 1 to 1.66 ............................................................................................. Sell Pending Entry Price: 1.51194 Stop Loss: 1.5239 Profit Target 1: 1.49746 Profit...
Pair: EURCAD Direction: Buy Type: Pending Entry Price: 1.497 Stop Loss: 1.487 (100 pips) Profit Target 1: 1.510 (130 pips) Profit Target 2: 1.519 (210 pips) Risk to Reward: 1 to 2.1
Pivot: 0.994 Our preference: long positions above 0.994 with targets @ 1.0035 & 1.0085 in extension. Alternative scenario: below 0.994 look for further downside with 0.991 & 0.9855 as targets. Comment: the immediate trend remains up and the momentum is strong.
Point B: 38.2% to 50% XA Point C: 38.2% to 88.6% AB Point D: 88.6% XA Targets: TP1 38.2% AD TP2 61.8% AD