FOREX Technical Analysis: NZD/USD is Bullish against 8223

RELATED QUOTES

SymbolPriceChange
NZDUSD=X0.7548-0.0003

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
    1.3636+0.0012+0.08%
    USDSGD=X
    1.5231-0.0002-0.01%
    EURSGD=X
    2.0929-0.0002-0.01%
    GBPSGD=X
    87.8158-0.0044-0.01%
    SGDJPY=X
    5.6872-0.0046-0.08%
    SGDHKD=X
    2.6582-0.0014-0.05%
    SGDMYR=X
    9,506.1055-24.1738-0.25%
    SGDIDR=X
    4.6015-0.0037-0.08%
    SGDCNY=X
    1.0651-0.0001-0.01%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,220.00+6.90+0.57%
    GCJ15.CMX
    16.74+0.18+1.10%
    SIK15.CMX
    73.81-1.45-1.93%
    ^XAU
    2.71+0.02+0.65%
    HGK15.CMX
    49.23-0.53-1.07%
    CLJ15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.61+0.04
    ^FVX
    2.12+0.04
    ^TNX
    2.71+0.03
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    100.010.000.00%
    41H.SI
    0.425+0.010+2.41%
    E5H.SI
    1.00-0.01-0.99%
    N21.SI
    0.280.000.00%
    5WA.SI
    0.31+0.03+12.73%
    AFC.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.35+0.05+16.67%
    Y06.SI
    0.139+0.019+15.83%
    O2I.SI
    0.31+0.03+12.73%
    AFC.SI
    0.575+0.045+8.49%
    RF7.SI
    0.47+0.03+6.82%
    UQ4.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.122-0.008-6.15%
    L08.SI
    0.199-0.011-5.24%
    T06.SI
    0.455-0.025-5.21%
    Y45.SI
    0.20-0.01-4.76%
    I07.SI
    0.20-0.01-4.76%
    MQ4.SI