EUR/USD (EURUSD) is in 3rd subwave of C wave in ABC zigzag move from last major top. It has completed A impulse followed by B zigzag correction. Wave C is under progress. It has completed (W)(X)(Y) in 4 hr time frame as indicated in chart. In 30 min time frame, it is in C wave or alternatively the B flat correction will be possible, so next move will let us know...
AUDUSD 15 minute time frame - From the chart we can see that we are testing a recent resistance zone that has formed a short term range in this currency pair. Our Elliott Wave Indicator Suite has currently labelled the wave 1,2 and is at a wave 3 high at the resistance zone. Our special False Breakout Stochastic now has yellow dots on the overbought zone,...
The pair is trading within a 1D Bullish Megaphone pattern (RSI = 63.428, MACD = 0.027, Highs/Lows = 0.0246) since the late June bottom. On September 13th it even tested and held the 3.90000 1D Support which is more than enough (along with the 1D MA50) to sustain this uptrend. Our goal is the 4.10000 1M Resistance which has been holding since the Lower High in...
In the daily chart Pound/Yen is about to complete the triangle, so either it will continue it's bullish trend or break to the down side to complete the Head & Shoulders pattern then do the continuation to the upside
Price broke up 3,5 months accumulation The best place to open entry will be after a pullback to 79.90 1st goal: 80.90 2nd Goal: 82.10
Hi Everyone, USDCAD is about to drop little more. You guys have to wait little more to see the price action But most probably it will drop till the provided zone. Thanks
LONG TERM APPROACH TO THIS PAIR. (AUD/USD) Could prices break below 0.72000 , we could potentially see a strong bear run on this trade down to significant lows. Let's See What Happens Guys! UPDATE COMING SOON OF COURSE, I'LL ALSO GIVE MY SHORT TERM PERSPECTIVE ON THIS AS WELL.