Tuesday, December 10, 2013

NZD/USD Bearish Cypher 4Hr and Potential Bullish Cypher Daily - 12-11-2013

There are two harmonic patterns spotted in NZD/USD. First is the Bearish Cypher in 4Hr Chart, the Potential Reversal Zone (PRZ) was already reached at 0.83358. The second pattern is in Daily Chart which is Potential Bullish Cypher with Potential Reversal Zone (PRZ) at 0 .78895. Ichimoku is showing a bearish sentiment in the daily chart as is price is below the Kumo. There is also a Hidden Bearish Divergence in the daily chart.
4HR Chart


















Daily Chart

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