• 7 days Stocks Tumble After Moderna Chief Warns Existing Vaccines Could Be Less Effectiv
  • 8 days The EU Is Pushing Two Massive Digital Laws To Tame Big Tech
  • 11 days U.S.-China Trade War Has Under Biden
  • 13 days Visa, Mastercard Slump Amid Covid Worries, Regulatory Outlook
  • 14 days 3 Biotech Stocks Wall Street Loves This Quarter
  • 18 days Fintech Goes “Green”, Joining $30T ESG Boom
  • 19 days U.S. Cargo Theft Spikes Amid Huge Supply Chain Snarl Ups
  • 20 days Buybacks Are Back, But New Taxes Could Dull the Party
  • 22 days Don’t Be Fooled By Musk’s Twitter Performance
  • 27 days 3 Healthcare Sector Stocks to Watch Right Now
  • 28 days More Trouble Ahead for Supply Chain as Hackers Descend
  • 29 days Saudi Arabia To Invest $64 Billion Into Becoming A New Global Cinema Hub
  • 32 days The Cryptic Squid Strikes, Netting Scammers Nearly $4M
  • 32 days October Jobs Impress but Inflation Threatens Recovery
  • 34 days Another Round of ‘Meme’ Stocks Coming Our Way?
  • 34 days 2021’s Black Friday Bummer
  • 36 days Buy-Now-Pay-Later Is A Huge Threat to Credit Cards
  • 39 days Microsoft Passes Apple As World’s Most Valuable Company Amid Stellar Earnings
  • 40 days 3 IPOs from Big to Small Coming Our Way
  • 41 days Robinhood Investors Balk at ‘Meme’ Growth
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 Seen into FOMC

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 pullback 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 AUDUSD and expect buyers to appear after dips is completed in 3, 7, or 11 swing as far as pivot at 0.7367 low remains intact.

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

 


For 24 hour coverage of this pair and other instrument, check out our 14 day Trial to sample everything we have to offer. We provide 24 hour coverage of 52 instruments from Monday - Friday using Elliott Wave Theory as primary tools of analysis. We offer 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!

 

Back to homepage

Leave a comment

Leave a comment