$AUDUSD Short-term Elliott Wave Analysis 8.17.2016

Preferred Elliott wave count suggests that rally to 0.776 ended wave ((w)). Pullback from there is unfolding as a double three where wave (w) ended at 0.7634 and wave (x) ended at 0.775. While pair remains below wave ((w)) at 0.776, expect pullback to continue in wave (y) of ((x)) towards 0.759 – 0.762 area before pair resumes the rally higher. We don’t like selling the proposed pullback.

11AUDUSD 6020160816215858

At EWF we offer 24 hour coverage of 50 instruments from Monday – Friday using Elliott Wave Theory as primary tools of analysis. We provide Elliott Wave chart in 4 different time frames, up to 4 times a day update in 1 hour chart, two live sessions by our expert analysts, 24 hour chat room moderated by our expert analysts, market overview, and much more! With our expert team at your side to provide you with all the timely and accurate analysis, you will never be left in the dark and you can concentrate more on the actual trading and making profits. Check out our 14 day Free Trial to sample everything EWF has to offer


Subscribe to our Chart Of The Day Blog

First Name: *
Last Name: *
Your Email Address: *