Sunday, January 29, 2017

AUDNZD - Got "X-ed" again


The "bully" AUD/NZD made some progress but it surely wasn't what I hoped for. I still believe the larger pattern suggests this pair will go up, the question is "when". 

As it turns out that latest move up is most likely another X-wave. So I assume we are now going down in a Z-wave but this pair shouldn't trade under 1.0237 (invalidation).

Also note that EUR/NZD seems to be in the late stages of an ending diagonal. I would make sense that both pairs will turn roughly at the same time.

AUD/NZD daily chart:


AUD/NZD: 60min chart:



EUR/NZD daily chart:




Thursday, August 11, 2016

EUR/NZD - Set to go higher


The price structure suggests that 1.5113 is the start of larger degree wave C and this level should therefore hold. A break of the trendline would give more confirmation, the move down from 1.5837 is a clear 3-wave pattern.



Wednesday, July 13, 2016

EUR/NZD - Kiwi weakness about to kick in

NZD/USD and EUR/NZD are now at or near potential turning points and AUD/NZD might have already turned yet.

EUR/NZD - This pair is in a minor wave 4 so one more marginal move down to complete C-wave of a larger degree B-wave.

AUD/NZD - Above 1.0550 would confirm that wave C has ended at 1.0310.