Elliott Wave Analysis: USDNOK and NZDJPY 

nzdjpy analysis

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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 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 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.



By Gregor Horvat

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