• 861 days Will The ECB Continue To Hike Rates?
  • 862 days Forbes: Aramco Remains Largest Company In The Middle East
  • 863 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,263 days Could Crypto Overtake Traditional Investment?
  • 1,268 days Americans Still Quitting Jobs At Record Pace
  • 1,270 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,273 days Is The Dollar Too Strong?
  • 1,273 days Big Tech Disappoints Investors on Earnings Calls
  • 1,274 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,276 days China Is Quietly Trying To Distance Itself From Russia
  • 1,276 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,280 days Crypto Investors Won Big In 2021
  • 1,280 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,281 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,283 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,284 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,287 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,288 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,288 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,290 days Are NFTs About To Take Over Gaming?
How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Elliottwave-Forecast

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…

Contact Author

  1. Home
  2. Markets
  3. Other

AUDUSD Short Term Elliott Wave: More Upside Expected to 0.755

Short Term AUDUSD Elliott Wave forecast suggests that the decline to 0.7306 on 11/21 low ended wave (X). Up from there, pair is showing a 5 swing sequence from 11/21 low and suggest more upside. Rally from 11/21 low is unfolding as a double three structure where wave ((w)) ended at 0.749 and wave ((x)) ended at 0.736. Wave ((y)) is currently in progress and also unfolding as a double three structure where wave (w) ended at 0.7508 and wave (x) ended at 0.7425. Near term, while pair stays above 0.7425, and more importantly as far as pivot at 11/21 low (0.7306) stays intact, expect pair to resume higher towards 0.755 - 0.76 area to end cycle from 11/21 low. We don't like selling the pair.

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

 


Get regular updates on AUDUSD and other instrument, try EWF 14 days FREE to access our services. We have 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, live trading room for daily trading ideas, 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.

 

Back to homepage

Leave a comment

Leave a comment