EURUSD and AUDUSD Intraday: Elliott Wave Analysis

By: Gregor Horvat | Mon, Aug 31, 2015
Print Email

No change on EURUSD for now. We see higher price for wave (c) towards 1.1310 resistance where pair can turn south again, unless that's a triangle in fourth wave still unfolding. Second resistance is at 1.1360.

EURUSD 30min Elliott Wave Analysis

EURUSD 30-minute Elliott Wave Analysis Chart

AUDUSD is lower today, but it can be wave c of (d) that is now trading at 61.8% Fibonacci level compared to wave (b). That's ideal Fibo zone so ideally market will bounce up in (e), for final subwave within wave 4. We are looking at 0.7150 and 0.7180 as technical levels for possible turn down in the next 24-48 hours.

AUDUSD 30min Elliott Wave Analysis

AUDUSD 30-minute Elliott Wave Analysis Chart

 


What Can You Get For 1€? At ew-forecast.com Try 1 Month Full Service >> http://www.ew-forecast.com/register
Want to receive more insights like these, free? We'd be happy to email them to you. Join our mailing list >> http://goo.gl/0KctEr

 


 

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/

Copyright © 2013-2017 Gregor Horvat

All Images, XHTML Renderings, and Source Code Copyright © Safehaven.com