GBP/NZD - Important long term bottom likely in place at 1.9616

GBP/NZD - Importnat long term bottom likely in place at 1.9616

GBP/NZD an important long term bottom is likely in place at 1.9616 

The correction in red wave ii from 2.1055 likely ended at 1.9616. This correction in red wave ii has been a very deep, but simple zig-zag in line with the other corrections that has been seen in the second wave since the long term low at 1.7707.

I will now be looking for a break above 2.0000 to confirm that we did indeed see an important bottom with the test of 1.9616 and a new strong rally higher to 2.1055 and above here will confirm a continuation higher in red wave iii towards at least 2.3400.

At no point can a break below the origin of red wave i at 1.9363 be accepted, as that would invalidate this bullish count and would call for a decline to strong support at 1.8860.   

Ananyavrat
2016-06-24
Hi Surfer,

Super calls !! And analysis.

Bravo for your brexit call !!
Whats next?

Ull need to update all indices!

Ananyavrat
Thomas
2014-05-28
phenomenal new service EWS, I have followed you for 18 months and the exceptional analysis continues unabated! I look forward to the daily updates focusing on the most interesting and potentially lucr...
Darryl
2014-09-14
Love the good work, most accurate I’ve found in my research. Darryl