FOREX Technical Analysis: NZD/USD is Bullish against 8223

RELATED QUOTES

SymbolPriceChange
NZDUSD=X0.8623-0.0001

Daily Bars

eliottWaves_nzd-usd_body_nzdusd.png, FOREX Technical Analysis: NZD/USD is Bullish against 8223

Chart Prepared by Jamie Saettele, CMT

FOREXAnalysis: The NZDUSD continues to trade near multiyear highs. The latest dip, from 8460, is in 3 waves and suggests that the trend is bullish. As long as price is above the terminus of that 3 wave pattern (8323), I see no reason to fight strength.

FOREXTrading Strategy: Longs were taken Friday. Like the AUDUSD, last week’s low (in this case Thursday’s low) now serves as the pivot.

LEVELS: 8323 8360 8395 8476 8571 8600

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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.2511+0.0002+0.02%
    USDSGD=X
    1.7315+0.0033+0.19%
    EURSGD=X
    2.1053+0.004+0.19%
    GBPSGD=X
    81.5562-0.1802-0.22%
    SGDJPY=X
    6.1977-0.0011-0.02%
    SGDHKD=X
    2.5909-0.0009-0.03%
    SGDMYR=X
    9,138.1758-4.8418-0.05%
    SGDIDR=X
    4.9715-0.0015-0.03%
    SGDCNY=X
    1.1707-0.0013-0.11%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,298.20-5.30-0.41%
    GCM14.CMX
    19.52-0.11-0.58%
    SIK14.CMX
    90.83-1.04-1.14%
    ^XAU
    3.030.00+0.08%
    HGK14.CMX
    104.06+0.30+0.29%
    CLK14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.65+0.04
    ^FVX
    2.64+0.01
    ^TNX
    3.45-0.01
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.1170.0000.00%
    B22.SI
    0.485+0.025+5.43%
    5GJ.SI
    2.27+0.090+4.13%
    5ME.SI
    2.20+0.010+0.46%
    JS8.SI
    0.61+0.005+0.83%
    E5H.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.20+0.034+20.48%
    5WD.SI
    0.215+0.015+7.50%
    5UE.SI
    0.58+0.040+7.41%
    L5I.SI
    0.485+0.025+5.43%
    5GJ.SI
    0.68+0.035+5.43%
    5DP.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.141-0.012-7.84%
    5HH.SI
    0.112-0.008-6.67%
    5RC.SI
    0.355-0.025-6.58%
    KJ9.SI
    0.192-0.008-4.00%
    567.SI
    0.84-0.040-4.55%
    S05.SI