EUR NZD Elliott Wave Analysis

Company does not offer investment advice and the analysis performed does not guarantee results The price chart of EUR/NZD has been distorted by a very thin January 1 trading secession. To our knowledge a high has been seen at 1.7125 or just above the 50% corrective target at 1.7105. We are current....

Company does not offer investment advice and the analysis performed does not guarantee results Wave iv is extending and has tested the 50% corrective target at 1.7105. The unexpected rally to the 50% corrective target has been followed by divergence on the RSI, indicating near-term exhaustion of t....

Company does not offer investment advice and the analysis performed does not guarantee results We are still looking for a break below support at 1.6845 to confirm that the wave iv has completed and the wave v is developing lower. As long as support at 1.6845 is able to protect the downside, we mus....

Company does not offer investment advice and the analysis performed does not guarantee results Wave iv does look complete, with the peak at 1.6986. We could see a final spike higher to 1.7015 to complete the wave iv, but all the requirements has been fulfilled and we are looking for a break below ....

Company does not offer investment advice and the analysis performed does not guarantee results The correction in the wave iv should be close to its end. Ideally, we will see a final spike above 1.7015 where a peak of a new impulsive decline in the wave v towards 1.6166 is expected. In the short-te....

Company does not offer investment advice and the analysis performed does not guarantee results The decline from 1.6728 failed to break below short-term important support at 1.6532 and the following rally above the prior peak at 1.6728 confirmed a more complex correction developing in wave iv and a....

Company does not offer investment advice and the analysis performed does not guarantee results After a relief rally to 1.6695 EUR/NZD sold off strongly to confirm our bearish outlook and should be headed lower in wave v towards at least 1.6116. In the short term we see resistance at 1.6587 which i....

Company does not offer investment advice and the analysis performed does not guarantee results EUR/NZD turned lower from 1.6728 right from the middle of our target-zone between 1.6694 - 1.6760. The strong decline from the peak of wave iv at 1.6728 confirms wave v lower to 1.6169 now is in motion. ....

Company does not offer investment advice and the analysis performed does not guarantee results EUR/NZD has rallied nicely and as expected into the target-zone between 1,.6694 - 1.6760. We will be looking for a corrective top in this area for a new impulsive decline in wave v towards the ideal targ....

Company does not offer investment advice and the analysis performed does not guarantee results EUR/NZD rallied nicely from support near 1.6425 and should be headed closer to the strong resistance-area between 1.6694 - 1.6760. Short-term minor resistance near 1.6536 will be able to protect the down....

Company does not offer investment advice and the analysis performed does not guarantee results The corrective decline from 1.6641 has been much deeper than expected. Support at 1.6495 held at first for a rally through minor resistance at 1.6545 for a continuation higher to 1.6586, but found strong....

Company does not offer investment advice and the analysis performed does not guarantee results EUR/NZD failed to build on the rally from 1.6495, which has invalidated the potential ending diagonal. Instead a more complex b wave correction is building, which could take us all the way down to 1.6469....

Company does not offer investment advice and the analysis performed does not guarantee results Wave b became smaller than expected and completed already at 1.6495. With wave c of iv already well underway towards the ideal target for wave iv at 1.6741 from where the next swing lower is expected. Th....

Company does not offer investment advice and the analysis performed does not guarantee results EUR/NZD has rallied nicely as wave iv. Wave a of iv likely completed with the test of 1.6575 and we should expect a temporary set-back close to 1.6423 before the next rally higher to at least 1.6668 and ....

Company does not offer investment advice and the analysis performed does not guarantee results Wave iii have finally bottomed and a correction in wave iv is now expected towards at least 1.6694 and likely even closer to the peak of wave iv at 1.6767. Short-term support is now seen in the 1.6434 - ....

Company does not offer investment advice and the analysis performed does not guarantee results We continue to look for evidence, that the decline from 1.7929 has found a temporary bottom for a corrective rally towards at least 1.6707 and maybe even higher. To confirm that a low has been seen, we n....

Company does not offer investment advice and the analysis performed does not guarantee results The decline from 1.7929 has more downside to cover and broke below support at 1.6384 for a dip to 1.6335. A clear loss of downside momentum (positive divergence for RSI), should limit the potential downs....

Company does not offer investment advice and the analysis performed does not guarantee results EUR/NZD has extended its decline and has tested 1.6384 as its lowest point. We currently see positive divergence between the 1.6384 low and the 1.6553 low. This indicate a loss of downside momentum, but ....

We continue to look for a final dip closer to 1.6478 to complete wave v/ and iii. This final dip should set the stage for a corrective rally in wave iv towards 1.6706 before the final decline in wave v towards 1.6235. This should complete the first impulsive decline from 1.7929 and set the stage for...

With the break below 1.6676 it was confirmed that wave iv/ completed early and a new low below 1.6539 closer to 1.6478 should be expected in the short term. This is exactly what we have seen. A new low below 1.6539, but not yet a test of 1.6478, but we expect to see a final dip closer to this target...

The break below minor support at 1.6676 is of concern and indicates that wave iv/ completed prematurely with the test of 1.6782 and wave v/ lower to at least 1.6478 already is developing. A break below support at 1.6561 will confirm that wave iv/ already has completed and wave v/ now is developing. ...

We are still looking for a firm break above minor resistance at 1.6767 for a continuation higher to at least 1.6915 and likely even closer to resistance near 1.7023, Short-term support is seen 1.6698, which ideally will protect the downside for the expected break above 1.6767, but it will take an un...

We are still looking for a clear break above minor resistance at 1.6767 for a continuation of the ongoing correction towards at least 1.6914 and likely even closer to resistance at 1.7023. Only an unexpected break below support at 1.6683 and more importantly a break below support at 1.6560 will indi...

We continue to look for wave iv/ moving closer to resistance at 1.6914 and more likely closer to resistance at 1.7023. A break above minor resistance at 1.6767 will confirm the next push higher towards at least 1.6914. Support is now seen at 1.6642 and important support at 1.6560. A break below the ...

Wave iv/ is developing and we are currently looking for a break above minor resistance at 1.6767 to confirm the next corrective push higher towards at least 1.6914 and more likely closer to resistance at 1.7023. Short-term support is seen at 1.6643, which is expected to be able to protect the downsi...

With the break above 1.6706 it was confirmed that wave iii/ had completed and wave iv/ towards at least 1.6914 is developing. The former resistance at 1.6706 now acts as support and will ideally protect the downside for the expected continuation higher to 1.6914. Only an unexpected break below suppo...

EUR/NZD tested the top of the 1.6468 - 1.6563 target-zone and it looks as a bottom could be in place for wave iii/ and a corrective rally in wave iv/ is about to develop. Ideally this corrective rally will move close to the 50% corrective target of wave iii/ near 1.7023, before tuning lower again in...

EUR/NZD has now entered the target-zone between 1.6468 - 1.6563. We expect a low to be found within the area for a corrective rally towards at least 1.6915 and likely even closer to 1.7023 before renewed downside pressure should be expected. We have reviewed our count from the 1.7929 peak and finds ...

The downtrend from the 1.7929 peak continues to push lower towards support at 1.6555 and possibly even closer to support at 1.6515, but once we enter the support-zone between 1.6515 - 1.6555 the potential downside should be limited. That said, it will take a break above minor resistance at 1.6706 to...

Short-term important resistance at 1.6732 has managed to cap the upside, but the extremely oversold situation will likely push prices back above this short-term resistance soon, confirming that wave i/ or a/ has completed and a correction in wave ii/ or b/ is developing for a rally towards 1.7143. T...