Elliott Wave Analysis: USDNOK and NZDJPY 

nzdjpy analysis

Gregor - Author BIO photo

 

Elliott Wave Analysis: USDNOK and NZDJPY

USDNOK is still trading in a bigger three-wave correction with recently completed sub-wave A and second leg B still in progress. Specifically, we see price trading within minor wave c of B, with potential base coming in at Fibonacci ratio of 78.6. From the mentioned region, a new bounce higher can come in play.

USDNOK, 4H

usdnok analysis

NZDJPY can be trading in a bigger bullish development, with two legs already completed. Current rise can now be blue wave three in the making, that can search for a top near the 83.60 region and later make a new drop lower into a temporary pullback of wave four.

NZDJPY, 4H

nzdjpy analysis

 

Disclosure: Please be informed that information we provide is NOT trading recommendation or investment advice. All of our work is for educational purposes only.

http://www.ew-forecast.com/service

@ewforecast

By Gregor Horvat

Find more: Contributing Authors

Leave a Comment


Broker Cyprus TopFX