Currency Pair = NZD/USD.

At previous New Zealand Dollar vs US Dollar posting,elliottwavesignal.com suggest to set Buy advise at 0.7240 area with a target of elliott wave 3 at 0.7610.

And now market is hovering at 0.7510 area,that is more than 200points from previous our entry.

Although our target is still at the end of extension of wave 3 where 150% to 161.8% of fibonacci expansion spotted,you also can take current position for a secure profit.

Or you can set a trailling stop of 30pips below current market price.

Below are an updated NZD/USD Elliott wave signal :-

ElliottwaveSignal:

Long term trade.

TimeFrame = Daily.

Signal = Buy Market advice.

Risk Reward Ratio = 2.0 (Medium-High risk) not advisable to short-term trader.

Medium term target for Minor Wave3 at 0.8000 area.

Exit at 0.7230 area

Market Complimentary of Possible of next Elliott wave :-

Next possible elliott wave could be Minor Extention wave c.
This this Trend pattern is a sub-wave of Intermdiate Extention wave 3.
As usual rules,very often wave 1 equal to wave 5 in time and price when the third wave is extended.
So keep on eyes at the and of wave 3 for a mirrowed wave 1 at wave 5.

Popularity: 14% [?]

Currency Pair = AUD/USD.

ElliottwaveSignal:

Short-Medium term trade.

TimeFrame = 4Hrs.

Elliott wave Signal = pending Sell Limit at 0.8330 area.

Risk Reward Ratio = to be advice

Elliott Medium term target for extended Flat correction at 0.8230 area.

Possible of next Elliottwave :-

Diagonal wave1c
This pattern has also been define as a Corrective pattern in which wave iv
and wave i over lap eachother and all waves have a corrective internal structure.
Its occurrence is common in wave v or wave c and not allowed in wave 3.
A strong swiff reversal normally follows where wave a reaches the territory of wave ii of
diagonal wave pattern.

Popularity: 17% [?]