AUD/USD Elliott Wave Since our last analysis, the AUD/USD pair has been trading upwards, corrective wave C (coloured blue) of the bigger wave (B) (coloured red) has been developing. In the 1-hour chart of the AUD/USD pair, we can see, that ascending move from the 0.8887 has taken a shape of an impulsive pattern. Inside […]
USD/CAD Elliott Wave Since our last analysis, the USD/CAD pair has continued downwards trend, wave [b] (coloured black) of the bigger wave A (coloured blue) has been developing. In the 1-hour chart of the USD/CAD, we can see that we are in the last (c) wave of the bigger wave [b], that should reach the […]
AUD/USD Elliott Wave The AUD/USD pair, has been trading aggressively higher for the last few days, wave (a) (coloured green) of the bigger wave [a] (coloured black) has been developing. In the 1-hour chart of the pair above, we can see that there is enough swings to call the (a) wave, that is developing from […]
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USD/CAD Elliott Wave For the last few weeks, the USD/CAD pair was trading downwards, corrective wave [b] (coloured black) of the bigger wave A (coloured blue) was developing. In the 1-hour chart of the USD/CAD pair, we can see that the price broke to the new lows in the early Friday’s session, this move makes […]
AUD/USD Elliott Wave Last week, the AUD/USD pair traded downwards, corrective wave [y] (coloured black) of the bigger wave B (coloured blue) was developing. In the 1-hour chart of the pair above, we can see that we have completed 7 swings move from the 0.9081 level, this is telling us that there is a good […]
Today’s Support and Resistance levels: R3: 1.6560 R2: 1.6496 R1: 1.6397 Current spot: 1.6314 S1: 1.6291 S2: 1.6253 S3: 1.6214 Technical summary: We were looking for a wave 2 correction towards 1.6445, but it has extended lower and is currently testing support at 1.6290. The downside is limited from here and under no circumstances should […]
Today’s Support and Resistance levels: R3: 142.07 R2: 141.27 R1: 140.29 Current spot: 139.47 S1: 138.68 S2: 137.55 S3: 136.22 Technical summary: The downside pressure has been stronger than we expected, therefore we have to consider the possibility that wave b of the decline from 145.69 already is in place and wave c lower towards […]
AUD/USD Elliott Wave The AUD/USD pair has managed to complete the corrective double three pattern from Feb 17 in the early London session today, so we need to focus more on upward movements in this pair next. In the 1-hour chart of the AUD/USD pair, we can see that the price has bounced exactly from […]
USD/CAD Elliott Wave Since our last analysis, the USD/CAD pair has continued trading in an uptrend, corrective wave (a) (coloured green) of the bigger wave [c] (coloured black) has been developing. In the 1-hour chart of the pair, we can see that the ascending move from the 1.1052 level has already showed us five waves, […]
Today’s Support and Resistance levels: R3: 1.6567 R2: 1.6520 R1: 1.6462 Current spot: 1.6448 S1: 1.6413 S2: 1.6342 S3: 1.6305 Technical summary: The failure to break above resistance at 1.6538 has kept the wave 2 correction alive and we have seen a continuation lower towards 1.6428. The break below minor support at 1.6445 has opened […]
Today’s Support and Resistance levels: R3: 140.98 R2: 140.78 R1: 140.29 Current spot: 140.09 S1: 139.87 S2: 139.65 S3: 139.18 Technical summary: Over the last couple of days the expected pattern has changed into a possible larger triangle, where we have seen the first three waves and it is currently working on the d wave […]
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Today’s Support and Resistance levels: R3: 1.6567 R2: 1.6538 R1: 1.6498 Current spot: 1.6477 S1: 1.6460 S2: 1.6445 S3: 1.6410 Technical summary: The failure to break clearly above 1.6509 keeps the 1.6445 target alive. Short-term minor resistance at 1.6498 should protect the upside for the last decline towards the 1.6445 target to end wave 2 […]
AUD/USD Elliott Wave Since our last analysis, the AUD/USD pair has continued trading upwards, that is why we have adjusted our primary elliott wave count, and we are now looking at the corrective wave B (coloured blue) as the double three correction instead of simple A-B-C pattern. In the 1-hour chart of the AUD/USD pair […]
USD/CAD Elliott Wave The USD/CAD pair has been trading upwards after the wave [b] (coloured black) completed the down cycle from 1.1193 yesterday at the 1.1048 level. In the 1-hour chart of the pair, we can see that we are tracking this short-term uptrend as sub-waves i and ii (coloured black) of the the bigger […]
Today’s Support and Resistance levels: R3: 141.87 R2: 141.29 R1: 140.83 Current spot: 140.62 S1: 140.37 S2: 140.13 S3: 139.74 Technical summary: The minor triangle broke towards the downside for a test of support at 140.13 before renewed upside pressure emerged. Besides the small detour has changed nothing, and we are still looking for a […]
AUD/USD Elliott Wave For the last few days, the AUD/USD pair has been trading upwards, corrective wave [b] (coloured black) of the bigger wave B (coloured blue) has been developing. In the 1-hour chart of the pair, we can see that we have completed the first three swings of the B wave at the 0.8933 […]
USD/CAD Elliott Wave Since our last analysis, the USD/CAD pair has been trading downwards, just like we expected, corrective wave [b] (coloured black) of the bigger wave A (coloured blue) has been developing. In the chart above, we can see that we are counting desceding movements from the 1.1194 towards 1.1050 as the (a)-(b)-(c) of […]
Today’s Support and Resistance levels: R3: 1.6624 R2: 1.6558 R1: 1.6509 Current Spot: 1.6488 S1: 1.6467 S2: 1.6445 S3: 1.6410 Technical summary: As expected, the c-wave decline towards the ideal target at 1.6445 has been seen. With a low at 1.6460 the bottom could be in place, but to confirm that a break above minor […]
Today’s Support and Resistance levels: R3:141.87 R2: 141.29 R1: 141.04 Current Spot: 140.67 S1: 140.30 S2: 139.59 S3: 139.59 Technical summary: Over the last couple of days, a minor b-wave triangle has been unfolding locking the price action into an ever more narrowing range. However, the triangle is likely to be close to terminating and […]
Today’s Support and Resistance levels: R3: 1.6725 R2: 1.6673 R1: 1.6624 Current spot: 1.6588 S1: 1.6558 S2: 1.6496 S2: 1.6445 Technical summary: The wave 2 correction we are looking for is still unfolding. In the short term we expect minor resistance at 1.6624 to protect the upside for one more impulsive decline in wave c […]
Today’s Support and Resistance levels: R3: 141.87 R2: 141.29 R1: 141.04 Current spot: 140.69 S1: 140.30 S2: 139.99 S3: 139.59 Technical summary: We are still looking for the ongoing correction to hit resistance at 142.26 to end the X wave that began at 136.23. Once this X wave is finished, we should see renewed downside […]
AUD/USD Elliott Wave analysisThe AUD/USD pair has continued trading in a choppy sideways movements yesterday, corrective wave [b] (coloured black) of the bigger wave B (coloured blue) has been developing. In the 1-hour chart above, we can see the Triangle pattern developing from the 0.8935 level. As long as the price stays below the 0.9030 […]
USD/CAD Elliott Wave Since our last analysis, the USD/CAD pair has continued upwards movements, wave (iii)/(c) (coloured green) of the bigger wave [a] (coloured black) has been developing. In the 1-hour chart above, we can see that wave (ii)/(b) (coloured green) has completed short down cycle from 1.1092 at 1.1059 level. At the moment, we […]
Today’s Support and Resistance levels: R3: 1.6747 R2: 1.6673 R1: 1.6578 Current Spot: 1.6505 S1: 1.6477 S2: 1.6412 S3: 1.6342 Technical summary: The wave 1 ended little earlier than we expected. Wave v became equal in length to wave v, which is a common relationship. With the break below 1.6574 we knew that the wave […]
Today’s Support and Resistance levels: R3: 141.87 R2: 141.26 R1: 140.87 Current Spot: 140.60 S1: 140.20 S2: 139.99 S3: 139.80 Technical summary: Important support at 138.95 protected the downside and has kept the correction from 136.23 alive and we should still be looking for a rally higher towards 142.26. In the short term we are […]
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USD/CAD Elliott Wave After two weeks of trading in the strong downtrend, the USD/CAD pair found support yesterday at the 1.0905 level, and we can currently see the price trading around the 1.1070/80 area. In the 1-hour chart of the pair, we can see that upper channel line has been broken after an ascending move […]
