"No warning can save people determined to grow suddently rich" - Lord Overstone

  • 20 mins Why Smart Money Is Selling Off Right Before The Bell
  • 2 hours Tech Giants Rally Ahead Of Earnings Reports
  • 18 hours Global Debt Hits 225% Of GDP
  • 19 hours The World’s First Trillionaire Will Be A Space Miner
  • 20 hours How Student Debt Could Cause The Next Real Estate Crisis
  • 21 hours This $550 Billion Industry Is Betting On Bitcoin
  • 22 hours One Commodity Set To Soar On Russian Sanctions
  • 1 day China’s New Car-Market Rules
  • 1 day Oligarch Risk: The New Red Flag For Investors
  • 2 days Five Things To Consider Before Investing In An IPO
  • 2 days Investors Bullish As Earnings Season Kicks Off
  • 2 days Nearly One-Third Of U.S. Lottery Winners Declare Bankruptcy
  • 2 days Is Facebook Still A Buy?
  • 2 days Will Blockchain Stocks Ever Bounce Back?
  • 2 days Geopolitical Tensions Fail To Boost Gold Prices
  • 2 days China's Economy Soars Despite Trade War Fears
  • 2 days The Biggest Threat To The Economy
  • 3 days What Does A Billionaire's Bucket List Look Like?
  • 3 days Is The Global Economy Growing Or Slowing?
  • 3 days A Sanctions War Could Cripple U.S. Corporations
Oligarch Risk: The New Red Flag For Investors

Oligarch Risk: The New Red Flag For Investors

Investors are scrambling to diversify…

Could Tesla Be Profitable By The End Of 2018?

Could Tesla Be Profitable By The End Of 2018?

Tesla has struggled to get…

Elliottwave-Forecast

Elliottwave-Forecast

Elliottwave-Forecast.com (by EME PROCESSING AND CONSULTING LLC) was founded in 2005 by Eric Morera. Since inception our company has provided tailored Financial Market Services to…

More Info

AUDUSD Elliott Wave Video

AUDUSD is showing 7 swings down from 0.7914 high. Area between 0.7694 - 0.7655 is expected to complete 7 swings but our Elliott wave cycle studies and market correlation is suggesting that decline from 0.7914 high is likely to take the form of a triple three Elliott wave structure.

Still we would expect to see a bounce from 0.7694 - 0.7655 area but think it would only be a correction of the decline from 0.7860 high before pair turned lower again toward lower 0.7600 region to complete wave "W".

As there is no green arrows on the chart so we don't like buying the pair in proposed bounces and expect sellers to appear in 3, 7 or 11 swings as far as pivot at 0.7860 high remains intact in 1st degree & 0.7914 high in 2nd degree. Most likely acceleration lower would come after "X" wave bounce.

 


If you would like to have an access of EWF analysis in real time, click here and feel free to join us. We provide Elliott Wave charts in 4 different time frames, 2 live webinars by our expert analysts every day, 24 hour chat room support, market overview, daily and weekly technical videos and much more.

 

Back to homepage

Leave a comment

Leave a comment