FOREX Technical Analysis: NZD/USD is Bullish against 8223

RELATED QUOTES

SymbolPriceChange
NZDUSD=X0.6643+0.0024

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
    1.3967-0.0096-0.68%
    USDSGD=X
    1.5785+0.0039+0.25%
    EURSGD=X
    2.0209-0.0078-0.38%
    GBPSGD=X
    82.2069+0.006+0.01%
    SGDJPY=X
    5.5829+0.0421+0.76%
    SGDHKD=X
    2.9723-0.0062-0.21%
    SGDMYR=X
    9,719.3740-29.9658-0.31%
    SGDIDR=X
    4.7069+0.0319+0.68%
    SGDCNY=X
    0.9862-0.0096-0.97%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,195.50-2.40-0.20%
    GCJ16.CMX
    15.39-0.04-0.23%
    SIH16.CMX
    57.18+0.40+0.71%
    ^XAU
    2.02-0.07-3.32%
    HGH16.CMX
    30.08+0.39+1.31%
    CLH16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.150.00
    ^FVX
    1.730.00
    ^TNX
    2.560.00
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.33+0.02+4.76%
    N21.SI
    3.70+0.22+6.32%
    Z74.SI
    1.68+0.05+3.07%
    MC0.SI
    0.385+0.010+2.67%
    E5H.SI
    0.705+0.025+3.68%
    G13.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.405+0.065+19.12%
    T4B.SI
    0.475+0.075+18.75%
    Y06.SI
    0.23+0.03+15.00%
    S9B.SI
    0.40+0.05+14.29%
    BJE.SI
    0.144+0.014+10.77%
    AWS.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.34-0.05-12.82%
    MN5.SI
    0.118-0.012-9.23%
    AWO.SI
    0.205-0.020-8.89%
    AYL.SI
    0.505-0.045-8.18%
    A05.SI
    0.193-0.017-8.10%
    S71.SI