Nickonomics
做多

AUD/NZD: Upward Momentum Pattern

FX:AUDNZD   澳元/纽元
The Australian dollar             rallied during today's Asian session after the Reserve Bank of Australia statement supported the currency. The most notable change in the wording of the RBA statement is the change from the view seen in May-July that further AUD "depreciation seems both likely and necessary". Instead it was removed and replaced with a statement that AUD "is adjusting to the significant declines in key commodity prices." The new wording shows RBA is more satisfied with the AUD's current value. It has helped AUDUSD             accelerate to near two-week highs against the US dollar             .

We suggest paying attention to AUDNZD             in which the Aussie looks much stronger long-term. Since April lows the pair has compeleted a rising 5-wave             sequence followed by a 3-wave             correction. It's not clear yet if the correction is over, for it may be more complex. Anyway, we expect AUDNZD             to move up, at least to the area of previous swing high around 1.1350. The current resistance stands at 1.1192-1.1200.
Hi Theta

the retracement night not be done as according to EW price usually goes to the wave 4 of one degree lower
+1 回复
That's right. It's not a rule, though, but an important guideline. Notice that the motive wave has two extended subwaves -- wave and wave . It implies a strong trend, so the correction may be shallow (38,2% ret).
回复
简体中文
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
繁體中文
首页 股票筛选器 外汇信号搜索器 加密货币信号搜索器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
个人资料 个人资料设置 账号和账单 我的支持标签 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出