Elliott Wave Analysis: NZDUSD and GBPUSD

Gregor Horvat Wavetraders

Good day traders! Let's start the US session with NZDUSD and GBPUSD.

NZDUSD is now finally turning up for wave c as part of double zig-zag correction. We see some sharp leg up now to the upper trendline which looks like a wave c that may stop at 0.7350 area next week and make a new turn lower.

NZDUSD, 1H

Pound is one of the strongest this week, now again at new highs, currently near 1.3600 which can be wave three so be aware of more upside after any intraday set-back. Trend is now up as long as market is above 1.3400.

GBPUSD, 1H

Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.

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Author

Gregor Horvat

Wavetraders

Experience Grega is based in Slovenia and has been in the Forex market since 2003.

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