USDCHF and AUDJPY Intraday: Elliott Wave Analysis

By: Gregor Horvat | Wed, Apr 15, 2015
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USDCHF turned down now, in line with higher EUR in the last few minutes, so looks like that pair could retest yesterday lows. That said, double zigzag from 0.9863 could be the best idea now with bounce coming from around 0.9630.

USDCHF 1h Elliott Wave Analysis

USDCHF 1-Hour Elliott Wave Analysis Chart

AUDJPY seems to be moving up into wave C), final leg of a corrective wave 2- circled that could be looking for a turn down in session ahead, from that trendline and 38.2%. That would be first resistance area for the pair in the short-term, while the second one is at 91.70-92.00.

AUDJPY 1h Elliott Wave Analysis

AUDJPY 1-Hour Elliott Wave Analysis Chart

 


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Gregor Horvat

Author: Gregor Horvat

Gregor Horvat
www.ew-forecast.com

Gregor Horvat

Gregor Horvat, based in Slovenia, has been in the forex markets since 2003. He is a technical analyst and individual trader who has worked for Capital Forex Group and TheLFB.com. He also is founder of forex services on www.ew-forecast.com. EW-Forecast.com provides technical analysis of the financial markets, highlighting behavioral patterns based on the Elliott Wave Principle (EWP). Website: http://www.ew-forecast.com/

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