Sunday, 8 June 2014

Elliott wave analysis of NZD-USD 08-06-2014











I hope you guys enjoyed the thrust from the ending diagonal (v) of  (3), this thrust was actually a zigzag correction and it is also wave (4), the depth of wave (4) was 50% of wave (3),It also followed the guideline of alternation as (2) was a funky looking flat. I believe that wave (4) is now over and wave (5) is on its way down. The price target is 0.83784 where wave (5) equals wave (1).Another interesting relationship was between wave (3) and wave (1).

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