FOREX Technical Analysis: NZD/USD is Bullish against 8223

RELATED QUOTES

SymbolPriceChange
NZDUSD=X0.6726-0.0039

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
    1.3831+0.0053+0.38%
    USDSGD=X
    1.5458-0.0003-0.02%
    EURSGD=X
    2.0213+0.0259+1.30%
    GBPSGD=X
    79.2846+0.0061+0.01%
    SGDJPY=X
    5.6160-0.0213-0.38%
    SGDHKD=X
    2.9790+0.0113+0.38%
    SGDMYR=X
    9,888.3027+20.3975+0.21%
    SGDIDR=X
    4.7403-0.0171-0.36%
    SGDCNY=X
    0.9893-0.0059-0.59%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,241.90-9.60-0.77%
    GCM16.CMX
    16.33-0.10-0.60%
    SIN16.CMX
    85.10-0.35-0.40%
    ^XAU
    2.08+0.02+1.05%
    HGN16.CMX
    47.89-0.19-0.40%
    CLN16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.370.00
    ^FVX
    1.84-0.01
    ^TNX
    2.63-0.01
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    1.77-0.02-1.39%
    MC0.SI
    0.305-0.005-1.61%
    N21.SI
    0.89+0.03+3.49%
    Y92.SI
    0.71-0.01-1.39%
    G13.SI
    3.81-0.06-1.55%
    Z74.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.165+0.035+26.92%
    5WD.SI
    0.152+0.029+23.58%
    P74.SI
    0.99+0.08+8.79%
    AYN.SI
    0.335+0.025+8.06%
    5DO.SI
    0.45+0.03+7.14%
    544.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.15-0.05-26.83%
    BQI.SI
    0.665-0.135-16.87%
    AWE.SI
    0.235-0.035-12.96%
    BKW.SI
    0.111-0.014-11.20%
    569.SI
    0.124-0.013-9.49%
    ADP.SI