NZD/USD Daily Video, August 01, 2016

[Sive Morten]

Good morning,

on coming week we will turn to NZD, as it has clear setup on weekly chart that has solid potential:





The technical portion of Sive's analysis owes a great deal to Joe DiNapoli's methods, and uses a number of Joe's proprietary indicators. Please note that Sive's analysis is his own view of the market and is not endorsed by Joe DiNapoli or any related companies.

 

[Fenix5000]

Hey Sive do U think we are just seeing Harmonic Retracement (What we saw Pre-Brexit vote B>C Move up) play out on EUR/USD Daily now targetting 61.8 Retracement of Brexit Candle which is agreement of 100% Fib Extension of current 4HR Move Up.? Hope U are well.

 

[Sive Morten]

Hey Sive do U think we are just seeing Harmonic Retracement (What we saw Pre-Brexit vote B>C Move up) play out on EUR/USD Daily now targetting 61.8 Retracement of Brexit Candle which is agreement of 100% Fib Extension of current 4HR Move Up.? Hope U are well.

Hi Fenix,
It is very probable, since our overall bearish view is still intact. But, as market has erased as butterfly as bearish grabber, it makes sense to take a look at someting else, while EUR is forming something new...

 

[GFB]

Thanks! Nice correlation GBPNZD EURNZD shorts