• 1,052 days Will The ECB Continue To Hike Rates?
  • 1,052 days Forbes: Aramco Remains Largest Company In The Middle East
  • 1,054 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,454 days Could Crypto Overtake Traditional Investment?
  • 1,459 days Americans Still Quitting Jobs At Record Pace
  • 1,461 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,464 days Is The Dollar Too Strong?
  • 1,464 days Big Tech Disappoints Investors on Earnings Calls
  • 1,465 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,467 days China Is Quietly Trying To Distance Itself From Russia
  • 1,467 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,471 days Crypto Investors Won Big In 2021
  • 1,471 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,472 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,474 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,475 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,478 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,479 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,479 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,481 days Are NFTs About To Take Over Gaming?
Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

  1. Home
  2. Markets
  3. Other

GOLD and NZDUSD Intraday: Elliott Wave Analysis

No change on gold so far; move is slow and sideways so we see it as a minor correction within ongoing decline of wave (v) that still can fall to 1120/1130 area before bounce can be found.

GOLD 1h Elliott Wave Analysis

GOLD 1-Hour Elliott Wave Analysis Chart

It's been few days since I looked on NZDUSD, as we put it on the side after closing a nice short trade on Monday. However, now again this pair can be forming a new very interesting pattern, maybe an ending diagonal in wave 5 which is a reversal pattern. However, there is room for a decline towards 0.7600 before market can be bottoming. For a bottom confirmation, we however will need to see an impulsive bounce. For now, that's not the case, so trend is down, but its a good count to keep an eye on.

NZDUSD 4h Elliott Wave Analysis

NZDUSD 4-Hour Elliott Wave Analysis Chart

 


Subscribe Our Newsletter If you already haven't >> http://goo.gl/8QVevl

 

Back to homepage

Leave a comment

Leave a comment