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

  • 15 hours Why The Next Oil Boom Will Be Fueled By Blockchain
  • 17 hours 5 Things Investors Should Know About China this New Year
  • 20 hours Is The South Korean Crypto-Drama Finally Over?
  • 21 hours Miners’ Rally? What Rally? Watch Out for More Fake Moves!
  • 22 hours Four Percent 10-year Note Yield Will Be a Floor Not a Ceiling
  • 23 hours The End Is Near
  • 2 days 5 Record Breaking Gemstones Even Billionaires Can’t Buy
  • 2 days Irredeemable Currency De-tooths Savers
  • 2 days CFTC Offers Bounty For Crypto Pump And Dump Whistleblowers
  • 2 days Have You Been Getting Run Over By This Stock Market Action?
  • 2 days Decision Time
  • 2 days 1 Week Later, Risk Remains ‘On’ as 2 of 3 Amigos Ride On
  • 3 days The Most Polarized Commodity Ever
  • 3 days Commodity Coins and Us: What To Expect From The "Tokenization of Everything"
  • 3 days U.S. Dollar Bull and Bear Markets
  • 3 days GLD May Not Yet Be Ready To Break Out
  • 5 days Permanent Market Support Operations
  • 6 days Bitcoin Was Only The Beginning…
  • 7 days Signs of the Times
  • 7 days Oversold XLE into Seasonal Low
Decision Time

Decision Time

Last week, I mentioned that…

The End Is Near

The End Is Near

The doomsayers have been calling…

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

EURAUD Short-term Elliott Wave Analysis

Best reading of Elliott Wave cycles suggests EURAUD is in a triple three Elliott wave structure from 10/6 (1.4779) high. Pair has got enough number of swings in place to call the cycle in wave W completed and soon a bounce would be expected to correct the cycle ideally from 9/15 (1.5096) peak and at least from 10/6 (1.4779) peak. Another low to 1.4162 - 1.4065 could still be seen within the cycle but we don't like chasing weakness at such a late stage in the cycles but once wave "W" is over, we expect the bounce to fail in 3, 7 or 11 swings and find sellers for another leg lower in the pair.

EUR/AUD Short-Term Elliott Wave Analysis Chart
Larger Image

 


At Elliottwave-Forecast, we offer 24-hour coverage of 52 instruments from Monday - Friday using Elliott Wave Theory as primary tools of analysis. We provide Elliott Wave chart in 4 different time frames, up to 4 times a day update in 1-hour chart, two live sessions by our expert analysts, 24-hour chat room moderated by our expert analysts, market overview, and much more! With our expert team at your side to provide you with all the timely and accurate analysis, you will never be left in the dark and you can concentrate more on the actual trading and making profits. Check out our 14-day Free Trial to sample everything we have to offer.

 

Back to homepage

Leave a comment

Leave a comment




Don't Miss A Single Story