You are here: Home > articles > Elliott Wave > Elliott Wave analysis of AUD/USD for January 14, 2014
Elliott Wave analysis of AUD/USD for January 14, 2014
January 14, 2014 8:15 amVideo
Latest News
- Analysis of EUR/USD pair on May 24, 2024 May 24, 2024
- Analysis of GBP/USD pair on May 24th. Another British report showed weakness, but who cares? May 24, 2024
- USD/JPY: Simple trading tips for novice traders on May 24th (US session) May 24, 2024
- GBP/USD: Simple trading tips for novice traders on May 24th (US session) May 24, 2024
- EUR/USD: Simple trading tips for novice traders for May 24th (US session) May 24, 2024
- GBP/USD: trading plan for the US session on May 24th (analysis of morning deals). Sellers missed 1.2700 May 24, 2024
- EUR/USD: trading plan for the US session on May 24th (analysis of morning deals). The euro is not going to give up May 24, 2024
- EUR/USD. May 24th. The bears are starting to go on the offensive May 24, 2024
- Forecast of GBP/USD pair on May 24, 2024 May 24, 2024
- Trading Signals for EUR/USD for May 24-28, 2024: sell below 1.0864 (200 EMA – 21 SMA) May 24, 2024
- Trading Signals for GOLD (XAU/USD) for May 24-28, 2024: buy above $2,333 (200 EMA – oversold) May 24, 2024
- Weekly Forex Outlook: 24/05/2024 – US PCE inflation and Eurozone CPI data enter the spotlight May 24, 2024
- Technical Analysis – Is the pause in NGAS a warning signal? May 24, 2024
- Technical Analysis – USDCAD eases slightly after bullish rally May 24, 2024
- Week Ahead – US PCE inflation and Eurozone CPI data enter the spotlight May 24, 2024
- Technical Analysis – GBPJPY continues its journey north May 24, 2024
- Video market update for May 24, 2024 May 24, 2024
- Forex forecast 05/24/2024: EUR/USD, GBP/USD, USD/CAD, Gold and Bitcoin from Sebastian Seliga May 24, 2024
- USD/JPY: trading tips for beginners for European session on May 24 May 24, 2024
- GBP/USD: trading tips for beginners for European session on May 24 May 24, 2024
AUD/USD Elliott WaveВ
The AUD/USD pair reached our invalidation point in the late New York session onВ Friday, we are looking at this pair at the moment as we are still developing correctiveВ wave (iv) (coloured red). In the 1-hour chart we can see clear five waves move from theВ 0.8864 level and we can consider this move as the wave .a (coloured black) of the biggerВ wave y (coloured blue). Break towards 0.8975 – 50% of the wave .a should provide us aВ new buying signal against the 0.8916 level (short-term invalidation) and from there weВ should see a price level above 0.9200. In accordance with our wave rules and taking into accountВ that wave C should retrace 100% of wave A, we can define the potential targets withВ measuring wave A with take profit at 0.9197 (100% of wave A).
Support and ResistanceВ
(S3) 0.8896 (S2) 0.8940 (S1) 0.8997 (PP) 0.9041 (R1) 0.9098 (R2) 0.9142 (R3) 0.9199
Trading forecastВ
Proceeding from Elliot Wave rules today, the trend is expected to begin upward movements. That is why long positions at level 0.8975 with stop loss at 0.8916 andВ take profit at 0.9197 are recommended.В В
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: