• 2 hours Tech Billionaire Takes Aim At Google
  • 4 hours Chinese Police Bust Largest Ever Illicit Crypto Mining Operation
  • 7 hours Expect A Pullback Before Gold's Next Major Rally
  • 9 hours Why Interest On Gold Matters
  • 1 day Ten Extravagant Food Items For The Wealthy Only
  • 1 day Why Saudi Arabia Won't Give Up On The Aramco IPO
  • 2 days $32 Million Crypto Heist Halts Tokyo Exchange
  • 2 days Is A Gold Selloff Looming?
  • 3 days Central Banks Are Stashing Gold And Dumping Treasuries
  • 3 days Three Cannabis Trends Flying Under Investors’ Radars
  • 4 days $1.3 Billion In Cocaine Found On JPMorgan Vessel
  • 4 days Amazon Teams Up With Lady Gaga To Win Over Generation Z
  • 4 days Dollar Falls As Powell Teases Rate Cuts
  • 4 days Will The World's First Trillion Dollar Company Ever Bounce Back?
  • 5 days Many Americans Will Never Stop Working
  • 5 days Mozilla vs DarkMatter: The Cyber Espionage End Game
  • 5 days Chile Cracks Down On Environmental Infractions
  • 5 days Warning Signs Emerge For Boeing
  • 6 days First Amendment Stands Strong In Trump vs. Twitter Showdown
  • 6 days Musk Bullish On Tesla Despite Executive Exodus
Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

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: 3 Waves Pullback in Progress

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 rallying as a double three structure where wave ((w)) ended at 0.749, wave ((x)) ended at 0.736, and wave ((y)) of W is proposed complete at 0.7525.

Pair is currently in wave X pullback to correct cycle from 11/21 low in 3, 7, or 11 swing before turning higher again. Internal of wave X is unfolding as a zigzag where wave ((a)) ended at 0.738, and wave ((b)) bounce is in progress towards 0.745 - 0.749 area before pair turns lower in wave ((c)) of X, provided that pivot at 0.7525 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