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NZD/USD Forecast today 14th July, 2017

NZD/USD Forecast today 14th July, 2017

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NZD/USD Forecast today in 15 Minutes chart

The bullish trend is present in NZD/USD currency pair, 15 minutes time frame based on NZD/USD Forecast today. As I have forecasted few hours ago, the price of NZD/USD pair is going to rise up now on a short-term basis after printing bearish wave iv leg which looks completed and traders should look for a buy trade. So, all those Forex traders who have followed my analysis have made the right decision as price has ascended.

NZD/USD Forecast today

Strong key support level is present at 0.7307 price area where the Bearish wave 4 has ended as well. In my judgment, price action in NZD/USD currency pair is now going to rise up few more pips to complete the bullish wave v impulse Elliott wave leg. Based on Elliott wave analysis, the upcoming Bullish Impulse wave v is going to be the resumption of an up trend. So, I expect the market to resume an up-trend as bearish wave iv pattern has completed.

Currently, Bullish Impulse wave v looks in-complete. So, we should look for a possible buy trading chance at 0.7325 price area to join an up-trend. However; if the price of NZD/USD currency pair breaks below 0.7307 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/USD Forecast today in fifteen minutes chart.

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

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NZD/USD Forecast today in 4 Hours chart

Below is the 4 hours chart of NZD/USD pair with NZD/USD Forecast today which shows us a big picture and a nice up trend as well.

NZD/USD Forecast today

To me; price has printed a Bearish Zig Zag Elliott Wave pattern in 4 hours chart at wave 4 location. Now, market is moving up to complete the last and final bullish leg – Wave 5.

The following Elliott Wave Bullish Impulse pattern diagram shows us a completed bullish 1, 2, 3, 4 and 5 waves leg within the frame work of Elliott wave principle.

Elliott Wave Bullish Impulse pattern

Based on my NZD/USD Forecast today, we have got an incomplete Bullish wave 5 leg in NZD/USD currency pair, 4 hours time frame. Now, price is probably going to rise up more to complete the bullish wave 5 impulse leg. To me; the bearish decline in price action was just a bearish pull back as mentioned above in fifteen minutes chart of NZD/USD pair. Strong key support level is present at 0.7200 in NZD/USD four hours chart.

So, I expect market to rise up more now to complete the Bullish Impulse Wave 5 Elliott wave pattern. So, in my opinion market is going to resume an up trend in NZD/USD currency pair, time frame is 4 hours chart.

However; price should stays above 0.7200 support area in 4 hours time frame to keep the up trend alive. A clear break down in price action below 0.7200 vital support area will end the up trend and in such a market scenario, it would be best not to trade the market and re-analyze the NZD/USD 4 hours chart.

Summary

Based on NZD/USD Forecast today the trend is up in 4 hours chart and a good idea is to look for a buy trade around 0.7330 price area, as price is going to rise towards 0.7400 but a clear break down in price action below 0.7200 vital support area will end the up trend. On a short term basis, it is again a bullish trend in NZD/USD 15 minutes time frame and a good idea is to take a Buy trade around 0.7325 price level and price is probably going to rise up towards 0.7375 area. However; if the price of NZD/USD currency pair breaks below 0.7307 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.

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