NZD/USD short
Technical analysis: The 5 wave elliot impulse is complete and its hit a previous high that held a lot of strength. Since on a larger scale we are in a down trend i would like to point out the impulse from C-D retracement level 0.786 was hit. This also has formed a ABCDE triangle structure and we are coming off of wave E, and since we know E is a breakout wave we could be looking at a long term investment short.
Fundamental analysis: On the opening bell the dollar was just recorded to be stronger. This pairs strength in my point of view has been exaggerated by the american government shutdown, and now i believe the dollar will fight back and bring us into a long term downtrend.
Fundamental analysis: On the opening bell the dollar was just recorded to be stronger. This pairs strength in my point of view has been exaggerated by the american government shutdown, and now i believe the dollar will fight back and bring us into a long term downtrend.
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