Archive for October, 2007

Currency Pair = NZD/USD.

TimeFrame = Daily for Medium Term Trades

Signal = Sell at Market price (current price= 0.7650).

Risk Reward Ratio = 6.0+ (Medium Risk Trade)

Target Profit = 0.7350 area

Exit at above 0.7800 area. (move stop few points below entry after market pass 50+pips to secure profit).

Elliott Wave New Zealand Dollar vs US Dollar Analysis :-

Our Last NZD/USD Signal seem to be stop out with small profit since market reverse just few point above our target range at 0.7350 area.

For today signal we did some Elliott wave recount to our NZD/USD chart for better result.

We take previous high as wave ii and wave iii is our next target.In our analysis, NZD/USD could form a motive wave i-ii-iii-iv-v with normal wave iii could end at 0.7350 area.

If Market unable to break previous low at 0.7660 area then we will recount for possible impulsive wave 5. If that happen then our recent count will be corrected to bearish diagonal pattern with wave 4 on previous low.

Below is our first count for NZD/USD Elliott wave signal :-

elliott wave

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Currency Pair = USD/CHF

TimeFrame = Daily for Short Term Trade

Elliott Wave Signal = Sell at Market Price @ 1.1655-1.1670 area

Target Profit = 1.1570 area

Calculated Risk Level = 1.8+ ( High Risk )

Stop Loss at 1.1790 area.

Elliott Wave Analysis :-
As we can see USD/CHF has testing 100% fibonacci retracement for two times and yet unable to break those support.Our view still the same as previous signal where our next target at least 123.6% of fibonacci expansion for macro wave degree of wave c at 1.6570 area.

That will also complete WXY wave and wave 2 of  subminuette degreee.After this correction end we will be expecting impulsive wave iii up.

Below is our latest Elliott wave USD/CHF analysis ;) :-

elliott wave

 

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