New Zealand Dollar/ U.S. Dollar (NZDUSD) Elliott Wave Analysis | Trading Lounge Day Chart
NZDUSD Elliott Wave Technical Analysis
FUNCTION: Bullish Trend
MODE: Impulsive
STRUCTURE: Orange wave 3
POSITION: Navy blue wave 3
DIRECTION NEXT HIGHER DEGREES: Orange wave 3 (initiated)
DETAILS: Orange wave 2 seems finalized; orange wave 3 currently unfolding.
The NZDUSD daily chart Elliott Wave analysis outlines a strong bullish trend. The market is progressing in impulsive mode, indicating sustained upside momentum. Price activity highlights orange wave 3, which is nested within a broader navy blue wave 3, signaling that the currency pair is in a powerful phase of its Elliott wave cycle—where third waves typically show increased strength.
This analysis confirms the completion of orange wave 2, with orange wave 3 now underway. This phase is often characterized by aggressive price moves, aligning with Elliott Wave principles. Traders should observe how this third wave develops within the navy blue wave 3 cycle, as it could offer valuable entry points.
Current chart signals align with a continued bullish scenario. With orange wave 3 now active, this configuration suggests strong upside potential and sustained buying interest in the near term.
New Zealand Dollar/ U.S. Dollar (NZDUSD) Elliott Wave Analysis | Trading Lounge 4-Hour Chart
NZDUSD Elliott Wave Technical Analysis
FUNCTION: Bullish Trend
MODE: Impulsive
STRUCTURE: Gray wave 3
POSITION: Orange wave 3
DIRECTION NEXT HIGHER DEGREES: Gray wave 3 (underway)
DETAILS: Gray wave 2 appears complete; gray wave 3 unfolding.
On the NZDUSD 4-hour chart, the Elliott Wave outlook confirms a bullish structure. The pair is in impulsive mode, demonstrating clear upward momentum. Gray wave 3 has emerged within the broader orange wave 3 framework, reinforcing a sustained uptrend in the short-term timeframe.
The transition from gray wave 2 to gray wave 3 suggests renewed bullish energy. Historically, third waves are known for their decisive movements, and this setup aligns with that expectation. Traders may find actionable opportunities as the gray wave 3 gains traction within the orange wave 3's upward momentum.
Technical conditions remain favorable for further gains. With gray wave 3 progressing, bullish momentum remains intact, supporting the prospect of continued appreciation for the NZDUSD in upcoming sessions.
Technical Analyst: Malik Awais
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