• 19 hours $12M Seized in Massive US-Dubai Money-Laundering Raid
  • 2 days China Launches Digital Yuan As U.S. Dallies
  • 6 days Squid Game Rampage Fails to Lift Netflix Stock After Stellar Earnings
  • 6 days Why Tesla, EV Stocks, Could Remain Highly Volatile For Years
  • 8 days Did Big Bank Earnings Just Signal ‘Real’ Economic Recovery?
  • 9 days The Cannabis Industry Is Looking To Fill The Employment Gap
  • 9 days Apple Capitalizes On Upward Momentum Ahead Of Earnings
  • 12 days Earnings Beat Isn’t Enough for S&P 500 Q3
  • 14 days The New World Tax Order
  • 15 days Is Crypto Finally Ready To Pay The Piper?
  • 16 days Is It Time To Buy The Global Gaming Market Dip?
  • 19 days Even The Mafia Has A Millennial Problem
  • 21 days Zuckerberg Loses Billions in Social Media Outage
  • 22 days ‘Pandora Papers’ Leak Reveals More Financial Crime
  • 23 days US Retail Has A Major Supply Chain Problem
  • 26 days China Has Set Out To Crush Crypto...Again
  • 27 days Top Performing Cannabis Stocks of the Year
  • 28 days Millennials Could Power A 20-Year Bull Stock Market
  • 33 days The Million-Dollar Question: Will China Bail Out Evergrande?
  • 35 days Bitcoin Is Driven By Testosterone



Elliottwave-Forecast.com (by EME PROCESSING AND CONSULTING LLC) was founded in 2005 by Eric Morera. Since inception our company has provided tailored Financial Market Services to…

Contact Author

  1. Home
  2. Markets
  3. Other

NZDUSD Elliott Wave Analysis: Possible Diagonal Move in the Making

NZDUSD move up from 12/23 low is extending and it looks like the move up from 12/23 low is unfolding as an Elliott wave diagonal when pair is still in wave 3. Rally to 0.7028 is labelled as wave 1 and dip to 0.6945 is labelled as a FLAT wave 2. Up from there wave 3 remains in progress towards 0.7266 - 1.7315. Once wave 3 is complete, expect the pair to pull back in wave 4 to correct the cycle from red 2 low and turn higher in wave 5 to complete a diagonal move up from 12/23 (0.6857) low. Proposed wave 4 pull back should unfold in 3, 7 or 11 swings and ideally complete between 23.6 - 38.2 Fibonacci retracement of wave 3. Afterwards, pair is expected to turn higher again one more leg to complete wave 5. If the pivot at proposed red 2 (0.6945) low gives up, that would suggest cycle from 0.6857 low ended as an WXY (double three)

NZDUSD 1 Hour Chart

NZD/USD 1-Hour Elliott Wave Analysis Chart
Larger Image


At Elliottwave-Forecast, we offer 24 hour coverage of 52 instruments from Monday - Friday using Elliott Wave Theory as primary tools of analysis. We provide Elliott Wave chart in 4 different time frames, up to 4 times a day update in 1 hour chart, two live sessions by our expert analysts, 24 hour chat room moderated by our expert analysts, market overview, and much more! With our expert team at your side to provide you with all the timely and accurate analysis, you will never be left in the dark and you can concentrate more on the actual trading and making profits. Check out our 14 day Trial to sample everything we have to offer.


Back to homepage

Leave a comment

Leave a comment