FX.co ★ hickle.manuela | Comprehensive Analysis in Trading: Mastering Methodologies

Analysis of the currency pair NZD/USD on the short-term M15 chart indicates a primary downward scenario. It is assumed that the upward correction of the fourth wave (iv) has completed with a "double zigzag" pattern. Currently, a local downward impulsive wave "i" is forming. The upward correction of the second sub-wave "ii" is in the final stages of completion or has already formed, signaling the possibility of opening short positions. A comprehensive multi-timeframe analysis includes: - Elliott Wave Analysis (EWA) - MACD histogram readings (Moving Average Convergence Divergence indicator) - Position of exponential moving averages (MA Smoothed periods 55, 89, 144) The probability of implementing technical and wave analysis models determines the following key levels: critical level (stop) - 0.58369, key level - 0.58104. The minimum target is 0.57570, the main target of the local downward trend is 0.56100.