THE CURRENT USDIDX MOVED PREVIOUS LOW @ 92.54 .THE PREVIOUS HIGHEST LOW IS 92.THE CURRENT SCENARIO OF UNITED STATE IS IMPROVED COMPARE WITH PREVIOUS MONTH DATA .SO UPCOMING DAYS THE USDIDX WILL ME POSSIBLE TO MOVED UPWARDS FROM CURRENT PRICE TO 96
There is a potential completion of a bullish Gartley pattern on the NZDUSD 15 minute chart.
One can go long at the completion of the CD leg at 0.72165
Target 1: 0.72377
Target 2: 0.72570
Stop Loss: 0.72025
Reason : Upside momentum shifted over a week now with 3 touch. This in turn, to trigger short orders to take out people from next big upside leg (copy of 1st leg from 0.68~0.76).
They may event this (upside 2nd leg) with some big news.
Timeframe : short wave to reach trgt within 3 weeks then settle there to shape big upside second leg.
Reason : Another touch to 1.064 to be played, which ideally to be 2/3 wave format.At that spot short entry arises, a small south side direction movement upto 1.053. The larger trade would be complete reversal till 1.035 to start from there with lower lows.yet, more time correction first.
Timeframe : Whole play to carry out early next week.
Reason : Continuation of next leg towards south after finishing sideways leg, which is likely to trigger early 3rd week of September.
Timeframe : By first week of October.
Reason: Pullback to same level as final upside leg is in progress. Some timewise correction to take place throghout the day today. reverse action to commence only tomorrow.
Time-frame :tow days.
Reason : Pair to leave its present narrow range to re-test its previous highs as a part of continuation of uptrend.
Timeframe : By early November 2016.
Reason : Continuation of second wave in direction of south. Before that small upside correction too can be played.
Timeframe : By end of second week of September.
