EURAUD Elliott Wave Analysis 1.23.2017

EURAUD has been in a steady downtrend since forming a peak on 8/24/2015 (1.6585). Although, pair is very close to 100% Fibonacci extension down from 8/24/2015 peak, Elliott wave sequence to the downside is incomplete and is calling for rallies to prove corrective and result in more downside in the pair. Last week, pair broke […]

  • AUDUSD 5 wave cycle completed: Now turning lower

    AUDUSD 5 wave cycle completed: Now turning lower


    AUDUSD 5 wave cycle from 12/23 low is proposed to be over at 0.7608 and pair is now turning lower. Yesterday, we mentioned that a break below 0.7511 would negate another high to complete wave (A) and suggest that 5 wave cycle from 12/23 low ended already at 0.7608. Today, pair failed to make a new […]

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  • AUDUSD: 5 Wave move nearing completion

    AUDUSD: 5 Wave move nearing completion


    AUDUSD 5 wave move up from 12/13 low can already be counted completed at 0.7609. However, while above 0.7511 low, another high to 0.7631 – 0.7699 area can’t be ruled out within this 5 wave move up from 12/23 low. As per the updated wave count, wave 3 is at 0.7609 and dip to 0.7511 was […]

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  • GBPAUD Jan 24 Live Trading Room Setup

    GBPAUD Jan 24 Live Trading Room Setup


    In Jan 24 Live Trading Room, we presented an idea to buy GBPAUD pullback at 1.6405 as the pair looks to have bullish 5 swing sequence from Jan 15 low and favor more upside. We bought wave ((b)) pullback at 1.6405 and the trade reached the target our target of 1.668 one day later for 275 pips. Below […]

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  • AUDUSD Elliottwave Analysis: Close to turning

    AUDUSD Elliottwave Analysis: Close to turning


    AUDUSD move up from 12/23 low is extending and as pair keeps extending higher with shallow pull backs, it looks like the move up from 12/23 low is unfolding as an Elliott wave impulse and although the cycle is mature, more upside within wave 5 is expected as a diagonal before pair ends the cycle […]

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  • AUDUSD Elliottwave: Ending Wave 5 Diagonal

    AUDUSD Elliottwave: Ending Wave 5 Diagonal


    AUDUSD move up from 12/23 low is extending and as pair keeps extending higher with shallow pull backs, it looks like the move up from 12/23 low is unfolding as an Elliott wave impulse and although the cycle is mature, more upside within wave 5 is expected as a diagonal before pair ends the cycle […]

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  • AUDUSD Turn is Imminent

    AUDUSD Turn is Imminent


    AUDUSD rally from 12/23/2016 low is unfolding in 5 waves and the cycle from Dec 23 low is expected to complete soon and a 3 waves pullback at minimum can be seen. Watch the video, chart and commentary below: AUDUSD Video   AUDUSD Chart and Commentary AUDUSD rally from 12/23/2016 low (0.716) is unfolding in […]

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