EUR/USD - I'm still looking for a slightly higher high here towards 1.2650 before the red wave 4 correction from 1.2040 comes to an end and red wave 5 to below 1.2040 can begin.
NZD/USD - Starting with the bigger
picture, there question here is whether a large triangle is developing as wave wave 4 or we are in a complex correction that eventually will take us be important support at 0.7454. Time will show. However for now we should be looking for a continuation down towards support near 0.7839 as wave 3 progresses.
EUR/JPY - It should only be a matter of time before we break above resistance at 78.82 for a move above 99.18 towards the first possible target for red wave 5 near 99.59.
It's still only a break below 79.80 that would invalidate this count.
EUR/NZD - Maroon wave iii most likely ended at 1.5671 slightly below the ideal target near 1.5708, but we should only expect a minor correction in maroon wave iv towards 1.5568 before the next rally higher towards 1.5764 in maroon wave v and green wave iii
Gold - Even though we have seen the resistance-line be broken I don't expect gold to extends its rally much further. Ideally we will see a break below 1,652.45 to confirm that the correction from 1,526.95 is over and a new decline towards strong support near 1,521.00 is on.
Any chance to invest today ?
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