Happy Corner: Kiwi (NZD) pairs

Time to go short

Bearish candle at resistance area


NZDUSD Elliott Wave View: More downside

Short term Elliott Wave view in NZDUSD suggests the decline to 0.6844 low ended cycle from 3/21 high in Minor wave W. Pair is currently correcting cycle from 3/21 high in 3, 7, or 11 swing in Minor wave X before the decline resumes. The rally from 4/27 low (0.6844) looks to be unfolding as a double three Elliott Wave structure where Minute wave ((w)) is expected to complete soon as a Flat Elliott wave structure , then pair should pullback in Minute wave ((x)) to correct cycle from 4/27 low before turning higher again. We don’t like buying the proposed bounce and expect Minor wave X rally to find sellers in 3, 7 or 11 swing for more downside as far as pivot at 0.709 high remains intact.

NZDUSD 1 hour Elliott Wave Chart 05/02


NZD USD Incomplete Elliott Wave Sequence

NZD USD is showing 5 swings down from 2/6/2017 (0.7375) which means it’s an incomplete Elliott wave sequence and calls for another swing lower to complete 7 swings down from 2/6/2017 (0.7375) peak. First 3 swings completed on 3/9/2017 (0.6886) and bounce to 3/21/2017 (0.7091) was the 4th swing. Pair has since made a new low below 0.6886 which means we have started the next cycle lower with a target of 0.6739 – 0.6589 and ideally 0.6607 – 0.6492 area.


We can see 5 swings down from 2/6/2017 peak on this chart (please note these are 5 swings which is not the same as a 5 wave Impulse). As we explained above, 5 swings means the sequence is incomplete and makes the sequence bearish against 0.7091 high as indicated by the red invalidation line and the red arrow. Proposed 6th bounce should stay below 0.7091 high and pivot for the pair to continue lower in 7th swing. Ideally 6th swing should stay below the descending trend line as well which is currently at 0.7018.

NZDUSD Elliott Wave View: Correction in progress

Short term Elliott Wave view in NZDUSD suggests the decline to 0.6844 low ended cycle from 3/21 high in Minor wave W. Pair is currently correcting cycle from 3/21 high in 7 or 11 swing in Minor wave X before the decline resumes. The rally from 4/27 low (0.6844) is unfolding as a double three Elliott Wave structure where Minute wave ((w)) ended at 0.6937 as a Flat Elliott wave structure , and Minute wave ((x)) pullback ended at 0.69. Near term, pair is correcting cycle from 0.69 low within Minutte wave (b) and while dips stay above there, expect pair to resume higher towards 0.699 – 0.7014 area before the decline resumes. We expect Minor wave X rally to find sellers at 0.699 – 0.705 area for an extension lower or at least a 3 waves pullback as far as pivot at 0.709 high remains intact.

NZDUSD 1 hour Elliott Wave Chart 05/03/2017


NZDUSD Elliott Wave View: Correction Ended

Revised Elliott Wave view in NZDUSD suggests the decline from 3/21 high (0.709) is unfolding as a triple three Elliott Wave structure where Minute wave ((w)) ended at 0.6905, Minute wave ((x)) ended at 0.7053, Minute wave ((y)) ended at 0.6844 and Minute second wave ((x)) is proposed complete at 0.6968. Minute wave ((z)) is in progress and unfolding as a double three Elliott Wave structure where Minutte wave (w) is expected to complete at 0.6815 – 0.6846 area, then it should bounce in Minutte wave (x) to correct cycle from 5/2 high before pair resumes lower again. We don’t like buying the pair and expect bounces in Minutte wave (x) to find sellers in 3, 7, or 11 swing provided that pivot at 0.6968 high remains intact.

NZDUSD 1 Hour Elliott Wave Chart 05/04/2017


NZDUSD Elliott Wave View: Downside Resumes

Revised Elliott Wave view in NZDUSD suggests the decline from 3/21 high (0.709) is unfolding as a triple three Elliott Wave structure where Minute wave ((w)) ended at 0.6905, Minute wave ((x)) ended at 0.7053, Minute wave ((y)) ended at 0.6844 and Minute second wave ((x)) is proposed complete at 0.6968. Minute wave ((z)) is in progress and unfolding as a double three Elliott Wave structure where Minutte wave (w) ended at 0.6835 , and Minutte wave (x) is in progress to correct cycle from 5/2 high before pair resumes lower again. We don’t like buying the pair and expect bounces in Minutte wave (x) to find sellers in 3, 7, or 11 swing for more downside provided that pivot at 0.6968 high remains intact.

NZDUSD 1 Hour Elliott Wave Chart 05/05/2017


NZDUSD Elliott Wave View: Extended Correction

Revised Elliott Wave view in NZDUSD suggests the decline from 3/21 high (0.709) is unfolding as a leading diagonal Elliott Wave structure where Minute wave ((i)) ended at 0.6905, Minute wave ((ii)) ended at 0.7053, Minute wave ((iii)) ended at 0.6844, Minute wave ((iv)) ended at 0.6968. and Minute wave ((v)) of A ended at 0.6835. Pair is bouncing within Minor wave B to correct cycle from 3/21 high before the decline resumes. We don’t like buying the proposed bounce and expect sellers to appear once wave X bounce is complete in 3, 7, or 11 swing provided that pivot at 3/21 high (0.709) remains intact.

NZDUSD 1 Hour Elliott Wave Chart


NZDUSD Elliott Wave View: Showing impulse

Short term Elliott wave view in NZDUSD suggest that the cycle from 5/11 low (0.6816) is unfolding as an impulsive Elliott wave structure . This 5 wave move could be a wave C of a FLAT correction or wave A of an Elliott wave zigzag structure structure. In either case, after 5 wave move ends, pair should pull back in 3 waves at least as the Elliott Wave Theory suggests. The Minute wave ((i)) ended at (0.6948), Minute wave ((ii)) pullback ended at (0.6880), Minute wave ((iii)) at 0.7121 peak, Minute wave ((iv)) pullback ended at (0.7054) low. Above from there Minute wave ((v)) of C or A already reached the minimum extension area in between inverse 1.236-1.618% extension area of previous wave ((iv)) already at 0.7135-0.7161 area. Which means cycle from 5/11 low (0.6816) is mature and pair can start the 3 waves pullback at any moment.

However as far as dip remains above wave ((iv)) dip (0.7054) & more importantly while the Rsi divergence at the peak stays intact pair may see further advance towards ((v))=((i)) target area at 0.7186-0.7217 area or in case of further strength pair may see 0.618-0.764% fibonacci Extension area of wave ((i))+((iii)) at 0.7243-0.7289 before ending the 5 waves impulse sequence from 5/11 low. Afterwards pair should pullback in 3, 7 or 11 swings for the correction of 5/11 cycle or If the decline turns out to be stronger than expected and breaks the pivot at 5/11 low (0.6816) then that would suggest 5 wave move up from 0.6816 low was part of a wave C of a FLAT from 3/09 (0.6889) low and pair may resume lower.

NZDUSD 4 Hour Elliott Wave Chart

NZDUSD : Wait for Pullback then Buy Again

NZDUSD is showing 2 bullish patterns on the daily chart so we are expecting for the pair to continue higher. A move lower will now give bulls a chance to push the pair higher. Below we will show the possible bullish scenarios where bulls can enter the market and catch the move higher.

NZDUSD Daily Chart 2 Possible Bullish Patterns: Traders need to wait for NZDUSD to terminate red point C between the red AB 1.618% – AB 2.24% Fib. levels. A move lower from the suggested area to the red BC 0.50% Fib. retracement level will trigger BUYS. As long as price stays above the red point B low, watch for NZDUSD to make another swing higher. There is also strong support/resistance at the red BC 0.50% area which will allow a possible bounce higher. Watch for move higher towards the blue AB 2.24% Fib. level.

If looking to buy NZDUSD we prefer waiting for a retracement/pullback to trigger the red point D sell at the BC 0.50%. Stops should be placed at 0.6816 (point red B low) and should be bought at the BC 0.50% Fib. level minimum for a better risk/reward trade with targets above the blue AB 2.24% Fib. level.

Of course, like any strategy/technique, there will be times when the strategy/technique fails so proper money/risk management should always be used on every trade.

NZDUSD Elliott Wave View: More Upside

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 wave ((w)) ended at 0.7338 and Minute wave ((x)) ended at 91.71. Wave ((y)) is currently in progress and the subdivision is also unfolding as a double three Elliott wave structure. Minutte wave (w) of ((y)) ended at 0.7344 and Minutte wave (x) of ((y)) ended at 0.7246. Near term, while pullbacks stay above 0.718, expect pair to extend higher. We don’t like selling the pair.

NZDUSD 1 Hour Elliott Wave Chart

NZDUSD Short-term Elliott Wave Analysis

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 impulse where Minute wave ((i)) of A ended at 0.7276 and bounce to 0.7362 ended Minute wave ((ii)) of A. Afterwards, decline to 0.7166 ended Minute wave ((iii)) of A and Minute wave ((iv)) of A ended at 0.7239. Minute wave ((v)) of A completed at 0.7165. Pair then bounced in Minor wave B in 3 waves and ended at 0.7243. Minor wave C is currently in progress and unfolding also as 5 waves impulse. Minute wave ((i)) ended at 0.7145, Minor wave ((ii)) ended at 0.7206, and Minute wave ((iii)) at 0.7049. While Minute wave ((iv)) bounce stays below 9/29 peak (0.7243), expect pair to extend lower towards 0.6919 – 0.6983 before ending cycle from 9/20 peak.

NZDUSD 1 Hour Elliott Wave Chart

NZD/USD has an aggressive upward tendency as it is awaiting the RBNZ Financial Stability report. The price is approaching the 50-SMA on the daily chart, near 0.6966. The month is ending in green after sharp sell-off in October.

NZDUSD Elliott Wave Analysis: Ready For Recovery?

NZDUSD short-term Elliott Wave view suggests that the bounce to 0.7060 high ended intermediate wave (4). Down from there, the decline is unfolding as Impulse Elliott Wave structure where sub-division of Minute wave ((i)), ((iii)) & ((v)) are unfolding in 5 waves within a lesser degree cycle. On the other hand, the corrective Minute degree wave ((ii)) & ((iv)) should unfold in any 3 wave corrective sequence, such as zigzag, double three, flats.

Down from 0.7060 high, the pair ended the first leg lower in 5 waves at 0.6991 low in Minute wave ((i)). Minute wave ((ii)) ended at 0.7053, Minute wave ((iii)) ended at 0.6918 low in another 5 waves. Up from there, the bounce to 0.6955 high ended Minute wave ((iv)). Below from there, Minute wave ((v)) of 1 remains in progress in another 5 waves structure. Pair has already reached the minimum target in blue box, thus cycle from 0.7060 high is mature. Once Minor wave 1 is complete, pair should bounce in Minor wave 2 in 3, 7 or 11 swings before the decline resumes, provided pivot at 0.7060 high stays intact. We don’t like buying the pair in the proposed bounce.

NZDUSD 1 Hour Elliott Wave Chart

NZDUSD Elliott Wave Analysis: Double Correction Taking Place

NZDUSD short-term elliott wave analysis suggests that the decline to 0.6543 low ended Minor wave 1. The internals of that decline unfolded as impulse structure with lesser degree Minute wave ((i)), ((iii)) & ((v)) unfolded in 5 waves structure. Above from there, Minor wave 2 bounce is taking place as double correction higher with lesser degree cycles showing sub-division of 3 wave structure its each leg higher.

Up from 0.6543 low, the rally to 0.6719 high ended Minute wave ((w)) of 2. The internals of that rally also unfolded as double three structure where Minutte degree wave (w) ended at 0.6639. Minutte wave (x) pullback ended at 0.6609 & Minutte (y) of ((w)) ended at 0.6719 high. From there, the pullback to 0.6616 low ended Minute wave ((x)) of 2 as a Flat structure. Near-term, as far as dips remain above there, expect pair to resume the next leg higher in Minute wave ((y)) of 2 looking for 0.6795-0.6835, which is the 100%-123.6% Fibonacci extension area of Minute wave ((w))-((x)) to end Minor wave 2 bounce. We don’t like buying the pair.

NZDUSD 1 Hour Elliott Wave Chart

Losing and winning is the part of a trade. Nowadays one can’t judge clearly the rising path of currencies. Volatile markets are often destructive and sometimes very productive. Different videos should be made regularly by the community in order to explain the current situation of the market. This will surely be a great help to the beginners to find their lost way of trading.


GBPNZD on the 4H. i took a long near the posible bottom, large triangle, if it breaks above MA will wait to see what it does at the trend for a possible breakout and move up

I’ve opened short position with the audnzd, waiting employment news from Australia. My Tp at 1.0405.

Why so confident that the news will be negative for the AUD?

China Usa trade war.

NZD/USD is moving in a downtrend. Tenkan, Kijun, and Ichimoku cloud lined up in order of seniority of periods. Stochastic at level 36, bent down. I think we should sell a couple. NZD/USD will still follow the trend down, there are no signs of a reversal.