Menu

NZD/JPY Elliott Wave Weekly Forecast: 1st February to 15th February 2019

× Alert!
  • - Can't withdraw your funds from this fraudulent company?
  • - Have they asked you to pay excessive withdrawal fees or to deposit more funds?
  • - Or is there an excessive delay in processing your withdrawal?
  • - Are they trying to push you into depositing more money with them even without withdrawing the one you've already put in?

It's a CONFIRMED scam company, recover your stolen funds by clicking the button below, then fill out the form and you will get a FREE Mychargeback consultation today:


Click the button below, fill out the form to recover your lost funds from this scam company


Click Here To Recover Your Stolen Funds

NZD/JPY Elliott Wave Weekly Forecast: 1st February to 15th February 2019

NZD/JPY Elliott Wave Weekly Forecast

NZD/JPY Elliott Wave Weekly Forecast in 4 hours chart

Based on technical analysis the bullish trend is present in NZD/JPY currency pair, 4 hours time frame based on NZD/JPY Elliott Wave Weekly Forecast. As I have forecasted few hours ago, the price of NZD/JPY pair is going to rise up now to prints a Bullish Impulse Elliott wave pattern and traders should look for a buy trade. So, all those Forex traders who have followed my Elliott wave forecast have made the right decision as price has ascended.

Strong key support level is present at 73.19 price area which is the termination point of Bearish corrective wave ii Zig Zag leg. In my judgment, price action in NZD/JPY currency pair is now to going to rise up more to complete a bullish impulse wave leg – wave iii. So, market is going to remain bullish on a medium term basis. Next, expects a short term top in price action as well. Based on Elliott wave forecast, the current Bullish trend is part of a Bullish Zig Zag corrective Elliott Wave pattern, wave C leg in higher time frame.

Full pros of trading with efficient trading robots

Here are the benefits of trading with tested and expert-backed trading robots that guarantee safety and furnish investors with reasonable ROI

  • Executes trades without human emotion

These robots offer an advantage in that they offer trading without any emotions and use raw data to speculate the markets.

Unlike humans who are likely to get swayed by human emotions, robots will only use market data to place informed decisions.

  • Fast execution of trades

The right robot ensures you enjoy fast execution of trades with ease. These robots offer a much-needed speed when executing trades.

Try SMARD today, it is a bot designed for crypto traders and investors which uses advanced algorithms to profit from market fluctuations. No programming or trading knowledge is required to start. The algorithm relies on momentum effect strategies to systematically identify market winners. Below are the key reasons why everyone loves Smard.club:    1. You get up to 5% average monthly return on your starting capital.    2. The 10% monthly service fee is charged from your profits only. They don't make money unless you do!      3. You can start with as little as $1000 in your exchange account, meaning that you just need to connect your existing exchange (or open a new one) with Smard and begin trading right away!    4. No upfront payments for the service.    5. It's a smart way of investing in your favourite crypto coins - btc/altcoins, hurdling them while at the same time growing their values through auto-trading instead of just buy and forget.   Operating through API keys, SMARD ensures secure connections without requiring fund transfers to third parties. No upfront payment or card linking is needed. Try Smard today and see the real potential of your crypto portfolio, no upfront fees to pay!

Click Here To Sign Up Now

 

You get a trading platform that ensures you have what it takes when engaging with the markets and isn’t slow to make decisions.

  • Efficient money management

One of the most attractive features of robots has to be money management features. The ability to take profits and stop losses in a more accurate and stable manner. Saving the account balance is crucial to all traders.

  • Efficient trading

Based on the parameters used by the trader, the robots will act and trade efficiently using set strategies and styles.

And this ensures every trader can take advantage of the market by infusing their preferred settings such as leverage and spreads.

  • Trading using best several styles

You also get to trade with other styles provided by experienced traders who are also using the same robot.

Copy trading is one of the best ways to learn trading as it helps investors generate more in terms of revenue and following actual experts on the front seat.

  • Secure

Our expert-recommended trading robots are secure thanks to strong encryption furnished with the help of software developers.

You won’t face any drags or slow executions speeds due to poor assembly, that’s a none issue for these robots.

Currently, Bullish impulse Elliott wave pattern wave iii looks in-complete. So, a good idea is to first wait for the price action to move sideways and then look for a possible buy trading chance to join an up trend around 72.30 price area. However; if the price of NZD/JPY currency pair breaks below 73.19 vital support level then up trend is going to end. In such a market scenario, it would be best not to trade the Forex market and re-do the NZD/JPY Elliott wave analysis in four hours chart.

If you are a trader who prefer to use robots and EAs to automate your trades and make them very profitable for you or require very good forex/stock training resources, please check this page.

Now, at this point; I must acknowledge that the trend is also bullish in higher time frame of NZD/JPY currency pair.

NZD/JPY Elliott Wave Weekly Forecast in daily chart

Below is the daily chart of NZD/JPY pair with my Elliott wave forecast which shows us a big picture and a well started bullish trend as well.

NZD/JPY Elliott Wave Weekly Forecast

To me; price has printed Bearish corrective wave B leg. Now, price action is rising up to complete the Bullish impulse wave C pattern. So, now market is moving up on a long term basis to complete the bullish wave C leg. The bullish impulse wave C leg is the last and final rise as price is going to prints a long term top after that. Within the Bullish Zig Zag corrective Elliott wave pattern, all sub-waves must sub-divides into 5, 3 and 5 waves pattern.

The following Elliott Wave Bullish Zig Zag pattern diagram shows us a completed Bullish corrective wave pattern within the frame work of Elliott wave principle.

Bullish Zig Zag

The Bullish Zig Zag pattern Elliott wave pattern belongs to the Elliott wave principle which shows that how price action does not moves in a straight line fashion but in a series of higher swing highs and higher swing lows. Bullish Zig Zag corrective Elliott wave pattern in an up trending market could be seen inside the above image. The figure shows what a Bullish Zig Zag corrective Elliott wave pattern looks like. If a trader knows what a Bullish Zig Zag corrective wave pattern looks like, then it would become much easy for a currency trader to actually analyze the Forex charts and make a trading decision as well.

A Bullish Zig Zag corrective wave pattern consists of total three waves. Two bullish legs in the favour of an up trend; and one bearish corrective Elliott wave pattern, against the up market trend. We use English alphabets to label all corrective wave structures. Please take a note that Bullish Zig Zag wave pattern is a corrective Elliott wave pattern which appears at a trending market environment and moves against the favour of larger upward market trend.

Based on my NZD/JPY technical analysis using Elliott Wave in daily chart, we have got a complete Bearish corrective wave B leg and price action is now rising up to prints bullish wave C leg. However; it is possible if price breaks below green colour support line then forecast will become in-valid. Now, price action is probably going to move sideways and then rise up more to prints a bullish impulse wave C leg which is going to complete Bullish Zig Zag pattern. To me; in four hours chart of NZD/JPY currency pair the bearish leg – wave ii Zig Zag corrective pattern which is part of a higher degree wave C leg in daily chart is just a bearish pull back in an up trend leg as mentioned above as wave C corrective wave pattern inside a daily price chart.

Strong key support level is present at 68.88 price area in NZD/JPY daily chart. So, I expect market to first move sideways for next coming trading days and then may be starts the rise. So, in my opinion market is going to remain bullish overall and on a medium to long term basis, expects a bullish leg in market. Next, market is probably going to resume the up trend after that in NZD/JPY currency pair, in daily chart.

Now, when an existing Bullish Elliott Wave Weekly Forecast in NZD/JPY is going to fail?

Well, the forecast is good for about next two weeks time and price should stays above 68.88 support area in daily time frame to keep the up trend alive. A clear bearish break down in price action below 68.88 support area will end the up trend and bullish Elliott Wave Weekly Forecast; in such a market scenario, it would be best not to trade the market and re-analyze NZD/JPY daily chart.

Summary

Based on NZD/JPY Elliott Wave Weekly Forecast the trend is up in daily chart and a good idea is to look for a buy trade around 76.15 price area, as price is going to rise up more towards 89.15 price area but a clear bearish break down in price action below 68.88 vital support area will end the up trend. Based on Elliott wave analysis, on a medium term basis, it is a bullish trend in NZD/JPY 4 hours time frame and a good idea is to take a buy trade around 72.30 price level and price is probably going to rise up towards 79.00 price level. However; if the price of NZD/JPY currency pair breaks below 73.19; vital support level then bullish trend is going to end. We recommend trading with these top-rated brokers when using our signals/analyses/forecasts as they handle your trades quicker and more efficiently with very low spreads and most of them have high trade execution rate.

Leave a Reply

Your email address will not be published. Required fields are marked *

YouTube video

Follow Us

Valforex.com will not be liable for any damages incurred due to the usage of any information displayed on this website. The information and trading guides found on the website constitute the authors’ opinion only. Trading Forex, Binary options and Cryptocurrencies involve high-risk and are not suitable for all investors. Online trading in general, may not be legal in your jurisdiction. It’s visitors’ responsibility to make sure these entities are legal in their jurisdiction before engaging in trading activity. All trademarks, images and logos that appear on this site are copyrights of their respective owners and have been used under the Act of Fair Use.