EUR NZD Elliott Wave Analysis

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Elliott wave analysis of EUR/NZD for August 15, 2018
Elliott wave analysis of EUR/NZD for August 15, 2018
After a dip to 1.7220 all requirements for the correction in red wave i has been fulfilled. Therefore we are looking for a break above resistance at 1.7355 to confirm that red wave iii is developing for a break above the peak at 1.7484 as EUR/NZD moves higher towards 1.7924 and 1.8369. Short-term su...
1
Elliott wave analysis of EUR/NZD for August 14, 2018
Elliott wave analysis of EUR/NZD for August 14, 2018
We are looking for red wave ii to complete in the 1.7196 - 1.7258 target-zone. Once this correction is complete a new impulsive rally to above 1.7487 is expected for a continuation higher to 1.7924 and 1.8369 as the next upside important upside targets. Short-term only a break above minor resistance...
0
Elliott wave analysis of EUR/NZD for August 13, 2018
Elliott wave analysis of EUR/NZD for August 13, 2018
It's a bit disappointing that the correction from 1.7487 has been as deep as it has. That said, only a break below support at 1.7117 will invalidate our bullish count. Short-term, we do expect a little more downside pressure towards 1.7230 from where we expect the next bullish rally to take place to...
1
Elliott wave analysis of EUR/NZD for August 10, 2018
Elliott wave analysis of EUR/NZD for August 10, 2018
After some sideways consolidation between 1.7352 - 1.7448 more upside will be expected towards the next minor upside targets at 1.7924 on the way higher towards 1.8369 and 1.8423. Support is now seen at 1.7404 and again at 1.7352. Ideally the later will be able to protect the downside for a clear br...
2
Elliott wave analysis of EUR/NZD for August 9, 2018
Elliott wave analysis of EUR/NZD for August 9, 2018
Finally, EUR/NZD broke clear above resistance at 1.7224 to confirm that red sub-wave iii higher towards 1.7510 is developing. Resistance at 1.7510 should not be able to hold back the ongoing rally for long and once cleared the next target to look for is seen at 1.8369 on the way higher to our long-t...
1
Elliott wave analysis of EUR/NZD for August 8, 2018
Elliott wave analysis of EUR/NZD for August 8, 2018
EUR/NZD is once again testing important resistance at 1.7224, but we need a clear break above here to confirm that the next impulsive rally towards 1.7510 is in motion. As long as resistance at 1.7224 is able to cap the upside as long does the possibility for a final drop into the 1.7033 - 1.7066 ar...
0
Elliott wave analysis of EUR/NZD for August 7, 2018
Elliott wave analysis of EUR/NZD for August 7, 2018
Our preferred count remains that support at 1.7115 continues to protect the downside for a break above resistance at 1.7224 for a continuation higher towards 1.7510 and longer term much higher towards 1.8310. However, as long as resistance at 1.7224 is able to cap the upside, the alternate count doe...
1
Elliott wave analysis of EUR/NZD for August 3, 2018
EUR/NZD failed to break clearly above resistance at 1.7205 once again, which is disappointing. As long as support at 1.7116 is able to protect the downside we will remain slightly bullish, but the failure to break clearly above resistance the 1.7205 - 1.7224 zone does raise the possibility of the al...
1
Elliott wave analysis of EUR/NZD for August 3, 2018
Elliott wave analysis of EUR/NZD for August 3, 2018
EUR/NZD is finally showing some strength. A break above resistance at 1.7205 seems imminent and a clear break above this resistance confirms that red wave iii higher to 1.7510 is in motion. Longer term much higher levels remain expected.Short-term support now is seen at 1.7180 and again at 1.7130 bu...
0
Elliott wave analysis of EUR/NZD for August 1, 2018
Elliott wave analysis of EUR/NZD for August 1, 2018
EUR/NZD tried to break above short-term important resistance at 1.7205 but failed. We think it is just a matter of time before a new attempt to break above this resistance is seen. A firm break above resistance at 1.7205, will confirm that red wave ii has completed and that red wave iii towards 1.75...
0
Elliott wave analysis of EUR/NZD for July 31, 2018
There is nothing new to add here. We need a break above resistance at 1.7205 to confirm a corrective low is in place for a rally towards 1.7305 on the way higher towards 1.7510 and 1.7970. Support remains seen near 1.7116 and will ideally continue to protect the downside for the expected break above...
1
Elliott wave analysis of EUR/NZD for July 30, 2018
We continue to expect support at 1.1716 will be able to protect the downside for a break above resistance at 1.7207 that confirms, that red wave ii has completed and that red wave iii towards 1.7510 and above is developing. An unexpected break below support at 1.7116 will tell us that the correction...
1
Elliott wave analysis of EUR/NZD for July 27, 2018
EUR/NZD is a break above the descending channel resistance-line near 1.7173 indicating that red wave ii completed with the test of 1.7130 and red wave iii towards 1.7510 now is developing. Short-term, we would like to see a break above resistance at 1.7207 too, as confirmation that red wave iii is i...
4
Elliott wave analysis of EUR/NZD for July 26, 2018
The ongoing correction in red wave ii keeps pushing lower, but it must not break below the start of red wave i at 1.7116 as a break below here, will confirm that black wave ii still is in motion and is headed for support at 1.7066. If, however, the low of red wave i at 1.7116 stays untouched, as we ...
3
Elliott wave analysis of EUR/NZD for July 26, 2018
Short-term important resistance at 130.44 continues to cap the upside, which has resulted in a spike lower to 129.37. This likely marks the low for red wave ii/. The decline to 129.37, means that the ongoing correction from 131.99 has moved into the range of red wave i. Therefore this decline cannot...
1
Elliott wave analysis of EUR/NZD for July 25, 2018
The correction in the red wave ii will not release its grip. However, it should just be a natter of time before a bottom is found for the red wave ii and the red wave iii takes over for a rally towards 1.7305 on the way higher to 1.8381. EUR/NZD has been locked inside a sideways consolidation since ...
1
Elliott wave analysis of EUR/NZD for July 24, 2018
Elliott wave analysis of EUR/NZD for July 24, 2018
We continue to look for more upside pressure through resistance at 1.7268 and more importantly through resistance at 1.7305, that calls for red wave iii towards 1.7505 on the way higher towards 1.8381. Support is now seen at 1.7206 and again at 1.7170. Ideally the later will be able to protect the d...
2
Elliott wave analysis of EUR/NZD for July 23, 2018
Elliott wave analysis of EUR/NZD for July 23, 2018
The expected correction from 1.7305 dipped just below our lower boundary at 1.7188 (the low has been seen at 1.7184), this is enough to complete the correction in the red wave ii and set the stage for the next impulsive rally in the red wave iii towards 1.7505 as the next upside target on the way to...
2
Elliott wave analysis of EUR/NZD for July 20, 2018
Elliott wave analysis of EUR/NZD for July 20, 2018
We have seen a strong impulsive rally from 1.7116, which took out resistance at 1.7236 as nothing was there. This break indicated that a premature low had been seen and wave iii/ higher towards 1.7668 already had begun. The very short-term structure shows, that a minor five wave rally has been seen ...
2
Elliott wave analysis of EUR/NZD for July 19, 2018
Elliott wave analysis of EUR/NZD for July 19, 2018
The wave ii/ correction towards at least 1.7067 is developing as expected. Wave c/ of ii/ is most likely shaping up to be an ending diagonal, meaning that resistance should be expected near 1.7182 for the final leg lower to the corrective target at 1.7067 from where a new impulsive rally is expected...
2
Elliott wave analysis of EUR/NZD for July 18, 2018
Elliott wave analysis of EUR/NZD for July 18, 2018
The expected correction in wave ii/ is developing like hoped. We will be looking for more downside pressure towards the 38.2% corrective target at 170.67. Normally a wave two correction would be deeper, but as we are in wave iii we should be aware that correction tends to be smaller than normal. Lon...
1
Elliott wave analysis of EUR/NZD for July 17, 2018
Elliott wave analysis of EUR/NZD for July 17, 2018
Despite wave b/ moving higher to 1.7327, we continue to look for a deeper decline in wave c/ of ii/, closer to the 38.2% corrective target at 1.7067 and maybe even closer to the low of red wave iv at the 50% corrective target at 1.6971 before wave ii/ is complete and wave iii/ higher towards 1.8638 ...
1
Elliott wave analysis of EUR/NZD for July 16, 2018
Elliott wave analysis of EUR/NZD for July 16, 2018
Wave i/ peaked at 1.7479 and the ongoing correction in wave ii/ will ideally make it lower to the 38.2% support at 1.7067 before turning higher in wave iii/ towards 1.8638. Short-term a break below minor support at 1.7238 confirms more corrective downside pressure towards 1.7112 and ideally towards ...
1
Elliott wave analysis of EUR/NZD for June 1, 2018
Elliott wave analysis of EUR/NZD for June 1, 2018
Our long-term chart shows that a long-term bottom was found with the test of 1.3860 in April 2015 and more upside towards 1.9844 is expected. The 1.9844 target marks both the 50% corrective target of the decline from 2.5804 to 1.3860, but also the Diamond bottom target. Short-term, it was a bit disa...
1
Elliott wave analysis of EUR/NZD for May 31, 2018
Elliott wave analysis of EUR/NZD for May 31, 2018
Wave ii/ likely saw a low with the test of 1.6624. We still need to see a break above the resistance-line near 1.6734 and more importantly a break above minor resistance at 1.6764 to add confidence in our view that a low likely is in place. As long as minor resistance at 1.6764 is able to cap the up...
1
Elliott wave analysis of EUR/NZD for May 30, 2018
Elliott wave analysis of EUR/NZD for May 30, 2018
The break below the important support at 1.6670 was unexpected and has forced us to shift our long-term count. This new count still favors a bullish outlook, but sees a very complex corrective structure in the wave ii. From the peak of the wave i at 1.7099 in early February, a double corrective comb...
2
Elliott wave analysis of EUR/NZD for May 29, 2018
Elliott wave analysis of EUR/NZD for May 29, 2018
EUR/NZD extended its decline to the 200% extension-target of the wave A/, which is seen at 1.6691. It's possible that we will revisit this low, but we should stay above the important support at 1.6670 for a new impulsive rally towards 1.6903 and above here there will be the first strong indication t...
2
Elliott wave analysis of EUR/NZD for May 28, 2018
Elliott wave analysis of EUR/NZD for May 28, 2018
Wave C/ of ii/ is now in its final stages and a low could be found anytime. However, as long as the minor resistance at 1.6938 is able to cap the upside, we could still see a final dip to the ideal target for the wave C/ of ii/ at 1.6806 where a low is expected for a new impulsive rally to above lon...
2
Elliott wave analysis of EUR/NZD for May 25, 2018
Elliott wave analysis of EUR/NZD for May 25, 2018
EUR/NZD is now in its final stages of the wave c/ of ii/. Ideally, we will see a minor dip closer to support near 1.6806 before the wave ii/ is complete, but we would not be surprised to see a premature low form for a new rally higher through minor resistance at 1.6958 and, more importantly, above r...
3
Elliott wave analysis of EUR/NZD for May 24, 2018
Elliott wave analysis of EUR/NZD for May 24, 2018
Our preferred long-term outlook calls for a continuation higher towards 1.9844. Here we see both the 50% corrective target of the decline from 2.5773 to 1.3880 and the measured target of the huge Diamond bottom that was triggered in February 2017. Zooming in on the price-action, we have been trackin...
1
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