FOREX Technical Analysis: NZD/USD is Bullish against 8223

RELATED QUOTES

SymbolPriceChange
NZDUSD=X0.6456+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
    1.3998-0.0073-0.52%
    USDSGD=X
    1.5776-0.0143-0.90%
    EURSGD=X
    2.1600-0.0165-0.76%
    GBPSGD=X
    86.1877+0.7571+0.89%
    SGDJPY=X
    5.5366+0.0271+0.49%
    SGDHKD=X
    3.0071+0.0016+0.05%
    SGDMYR=X
    10,006.4512-130.0645-1.28%
    SGDIDR=X
    4.5756+0.0198+0.43%
    SGDCNY=X
    1.0021-0.0006-0.06%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,123.00-1.60-0.14%
    GCZ15.CMX
    14.41+0.37+2.66%
    SIU15.CMX
    45.34+1.37+3.12%
    ^XAU
    2.32+0.08+3.76%
    HGZ15.CMX
    42.20+3.60+9.33%
    CLV15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.48+0.01
    ^FVX
    2.170.00
    ^TNX
    2.90-0.03
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.515+0.065+14.44%
    N21.SI
    0.55+0.09+19.57%
    5CP.SI
    0.310.000.00%
    5WA.SI
    3.850.000.00%
    Z74.SI
    0.695+0.050+7.75%
    5ME.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.21+0.04+27.27%
    L02.SI
    1.15+0.22+23.66%
    AYB.SI
    0.40+0.07+21.21%
    AZZ.SI
    0.55+0.09+19.57%
    5CP.SI
    0.159+0.026+19.55%
    DU4.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.10-0.08-44.44%
    5OF.SI
    0.42-0.07-14.29%
    5DO.SI
    0.122-0.016-11.59%
    EB7.SI
    0.197-0.023-10.45%
    B69.SI
    0.177-0.020-10.15%
    5HJ.SI