Here is today's NZD_USD hour and day chart. The Kiwi has been flying high lately, but according to my charting, that has come to an end. It has completed a good Elliott Wave count and now has reversed. It should be heading into the daily cloud in the next week or so. Expect a bounce at the top or bottom of the cloud and the next move down after that should break through the bottom of the cloud. Also the stochastic and fractal combined are showing a good short entry on the day and hour chart. There is a little room up on the hour chart, but not much. This is an example of using other indicators in conjunction with Elliott Wave. I will restate again that EW is great tool to let you know where you are in the progress of a move and whether the next move will be up or down.
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