• 5 hours Homeowners Experiment With Risky New Investment Trend
  • 8 hours U.S. Tech Stocks Look Increasingly Vulnerable
  • 11 hours De Beers To Expand World’s Most Profitable Diamond Mine
  • 13 hours Ford CEO Gets Raise After Massive Layoff Round
  • 1 day Germany’s Flirtation With Recession Could Cripple The Global Economy
  • 1 day Where To Look As Gold Miners Inch Higher
  • 2 days Google Faces Billions In Fines From European Regulators
  • 2 days The Energy Industry Has A Millennial Problem
  • 3 days Russian Banks Scramble For Sanction Loopholes
  • 3 days Gold ETFs Take A Hit After Four-Month Run
  • 4 days European Union Takes Aim At Ten New Tax Havens
  • 4 days Goldman Defends Trillion-Dollar Corporate Buyback Spree
  • 4 days $600 Billion At Risk As Boeing Fallout Continues
  • 5 days Venezuela Has Yet Another Crisis Developing
  • 5 days Wells Fargo Accused Of “Ongoing Lawlessness”
  • 5 days Hollywood Agency Returns $400M Investment To Saudi Wealth Fund
  • 5 days Why Twitter's CEO Is Backing A New Bitcoin Boom
  • 6 days U.S. Treasury To Employ “Extraordinary Measures” To Fend Off Default
  • 6 days Lobster, Golf Carts And Fidget Spinners: What’s In The Federal Budget?
  • 6 days Italy Launches New Welfare Experiment
The Chatroom Cartel Running Global Bond Markets

The Chatroom Cartel Running Global Bond Markets

Eight major banks have been…

Lending: The Good, Bad, And Ugly

Lending: The Good, Bad, And Ugly

Aristotle said, “The most hated…

  1. Home
  2. Markets
  3. Other

Elliott Wave Analysis On EURUSD And AUDUSD

EURUSD

US markets is about to open. GDP came out at 1,2 while market was expected at 2.6 in the US. USD is trading lower. EURUSD is strongly pushing higher and we came close to the 2.618 Fibonacci region, from where wave iii) may end and move into a corrective retracment in wave iv) or will price go directly from here to the upside. In any case if we see a pullback it will be in the fourth wave which may find support around 1.1080-1.1100.

EURUSD, 1H

EUR/USD 1-Hour Chart


AUDUSD

On the AUDUSD, this recent move to the upside can be blue wave c in the corrective pullback from latest lows after that five wave drop was made in red wave 1). RSI is in the oversold area and we are touching now the 0.618 retracement zone. This region right here could act as a resistance and a tunring point lower.

Invalidation levels is at 0.7675, break above this level would invalidate the count.

AUDUSD, 1H

AUD/USD 1-Hour Chart

 


Interested in our services ? Visit our page at www.ew-forecast.com

 

Back to homepage

Leave a comment

Leave a comment