• 1,138 days Will The ECB Continue To Hike Rates?
  • 1,138 days Forbes: Aramco Remains Largest Company In The Middle East
  • 1,140 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,540 days Could Crypto Overtake Traditional Investment?
  • 1,545 days Americans Still Quitting Jobs At Record Pace
  • 1,547 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,550 days Is The Dollar Too Strong?
  • 1,550 days Big Tech Disappoints Investors on Earnings Calls
  • 1,551 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,553 days China Is Quietly Trying To Distance Itself From Russia
  • 1,553 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,557 days Crypto Investors Won Big In 2021
  • 1,557 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,558 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,560 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,561 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,564 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,565 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,565 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,567 days Are NFTs About To Take Over Gaming?
Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

  1. Home
  2. Markets
  3. Other

AUDUSD and EURUSD Intraday: Elliott Wave Analysis

AUDUSD is trading outside of the upward channel so ideally wave A) is now done with its five subwaves up from 0.7611 so traders should be aware of a lower pullback. We are looking at wave B) correction that can retrace to 0.7760/0.7800, potential support area. We think that price will reach 0.8000 psychological level before it may turn down for a bigger impulse.

AUDUSD 1h Elliott Wave Analysis

AUDUSD 1-Hour Elliott Wave Analysis Chart

EURUSD is slightly reversing from the highs, ideally down into wave C of wave B) that can be looking for support near 1.0760/1.0800. We will be pay close attention to this level for bounce and maybe even longs.

EURUSD 1h Elliott Wave Analysis

EURUSD 1-Hour Elliott Wave Analysis Chart

 


Interested in our analysis? Subscribe our services here >> http://www.ew-forecast.com

 

Back to homepage

Leave a comment

Leave a comment