Wed, Nov 27, 2024 @ 10:25 GMT
Facebook Mail RSS Twitter
HomeContributorsTechnical AnalysisElliott Wave Analysis: NZDUSD In For A Temporary Pullback

Elliott Wave Analysis: NZDUSD In For A Temporary Pullback

Elliott Wave Forecast
By Elliott Wave Forecast

On the 4h chart of NZDUSD we are tracking a five-wave move in progress, up from the 0.6200 area. We can see that price may have ended a third wave of an impulse at latest high, and can now be followed by a three-wave turn into a forth wave correction. Possible support/bullish turn for this correction can be near the Fib. ratio of 38.2 (0.662/0.655 region).

NZDUSD, 4h

Elliott Wave Forecast
Elliott Wave Forecasthttps://elliottwave-forecast.com
ElliottWave-Forecast has built its reputation on accurate technical analysis and a winning attitude. By successfully incorporating the Elliott Wave Theory with Market Correlation, Cycles, Proprietary Pivot System, we provide precise forecasts with up-to-date analysis for 52 instruments including Forex majors & crosses, Commodities and a number of Equity Indices from around the World. Our clients also have immediate access to our proprietary Actionable Trade Setups, Market Overview, 1 Hour, 4 Hour, Daily & Weekly Wave Counts. Weekend Webinar, Live Screen Sharing Sessions, Daily Technical Videos, Elliott Wave Setup videos, Educational Resources, and 24 Hour chat room where they are provided live updates and given answers to their questions.

Featured Analysis

Load more

Learn Forex Trading

ActionForex.com was set up back in 2004 with the aim to provide insightful analysis to forex traders, serving the trading community for over a decade. Empowering the individual traders was, is, and will always be our motto going forward.

Contact us: contact@actionforex.com

© ActionForex.com © 2024 All rights reserved.