NZDUSD Downtrend Correction (Nov 09, 2017)

by Kate Curtis | November 9, 2017 5:11 am
NZDUSD has been trending lower since breaking below the neckline of a head and shoulders pattern. Price is also moving below a descending trend line connecting the highs since mid-September. A pullback to this trend line appears...

NZDUSD Failed To Break Below 0.6817 Support

by ForexCycle.com | November 2, 2017 8:47 am
The NZDUSD pair failed in its attempt to break below 0.6817 support and bounced off to 0.6940 area, suggesting that consolidation for the downtrend from 0.7557 is needed. Further rally would likely be seen in the coming...

NZDUSD’s Bearish Movement Extended To 0.6931

by ForexCycle.com | October 24, 2017 8:05 am
NZDUSD extended its downside movement from 0.7557 to as low as 0.6931. Further decline would likely be seen after a minor consolidation and next target would be at 0.6817. On the 4-hour chart, the NZDUSD pair traded...

NZDUSD Neckline Retest (October 16, 2017)

by Kate Curtis | October 16, 2017 2:43 am
NZDUSD previously broke below a head and shoulders reversal pattern neckline, indicating that a downtrend is in the cards. The chart pattern is approximately 350 pips tall so the resulting selloff could be of the same size....

NZDUSD Broke Below Important Support At 0.7131

by ForexCycle.com | October 10, 2017 10:45 am
The NZDUSD pair recently broke below an important support level at 0.7131 and extended its bearish movement from 0.7557 to as low as 0.7055, indicating that the bearish movement from 0.7557 has resumed. Further decline towards 0.6817...

NZDUSD Short-term Elliott Wave Analysis

by elliottwave-forecast.com | October 10, 2017 10:12 am
NZDUSD Short term Elliott Wave view suggests the decline from 9/20 peak remains in progress a zigzag Elliott Wave structure. Down from 9/20 high (0.7434), pair ended Minor wave A at 0.7165. Subdivision of Minor wave A unfolded as 5 waves...

NZDUSD Head and Shoulders (Oct 06, 2017)

by Kate Curtis | October 6, 2017 4:27 am
NZDUSD could be in for more losses as price formed a head and shoulders pattern on its daily time frame. Price is also testing the neckline around the .7100 major psychological mark and a breakdown could send...

NZDUSD Moves In Falling Price Channel

by ForexCycle.com | September 27, 2017 6:40 am
NZDUSD stays in a falling price channel on its 4-hour chart, suggest that the pair remains in the downtrend from 0.7428. As long as the as the price is in the channel, the downside move could be...

NZDUSD Elliott Wave View: More Upside

by elliottwave-forecast.com | September 19, 2017 11:08 am
NZDUSD Short Term Elliott Wave view suggests that the Index shows a 5 swing sequence from 8/31 low favoring further upside.  Rally from 8/31 low (0.7128) is unfolding as a double three Elliott Wave structure. Up from 0.7128, Minute...

NZDUSD Broke Below 0.7200 Support

by ForexCycle.com | September 1, 2017 9:27 am
NZDUSD recently broke below a major support level at 0.7200, indicating that the uptrend from 0.6817 had completed at 0.7557 already. The pair is now in downtrend, further decline would likely be seen after correction. On the...