Pair has broken 0.8078 low and we believe wave A completed at 0.8059. Wave B is in progress as FLAT and can get rejected between 0.8202 – 0.8245  area for more downside.  We don’t like buying the pair in proposed push higher as hourly cycles are negative and like more downside after wave B is […]

Series of charts from members area showing Elliott wave analysis and different stages of pull back and rally in EURAUD pair.   January 18/2014 (Weekend update)   January 20/2014 (Mid-day update)   January 21/2014 (Mid-day update)   January 22/2014 (Asia update)   January 22/2014 (London update)   January 23/2014 (Asia update)   January 23/2014 (New […]

Preferred view suggests wave (( B )) has completed at 1.5355 and pair has resumed the decline in wave (( C )). Wave B pull back is expected to fail between 1.5186 – 1.5225 and  should stay below 1.5355 peak for this view to remain valid which calls for another leg lower toward 1.4747 – […]

Triangle thrust in progress Pair is nearing completion of wave (( a )) and should pull back in wave (( b )) after a marginal new high. Following wave (( b )) pull back, we expect the pair to trade higher toward 1.10 and may be even as high as 1.11 area to end a […]

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Preferred view is that wave X has completed at 1.0637. While above this level, more strength is expected toward 1.0835 – 1.0875 to complete wave “b” on the daily time frame. Hourly cycles are positive so we don’t like selling in proposed wave ( b ) pull back.