EURUSD Elliott Wave Analysis: Completed Five Wave Rally Puts Prices Into A Corrective Retracement

EURUSD 4h Elliott Wave Analysis
EURUSD was trading higher for almost whole last week but then found resistance on Thursday and Friday when pair declined for almost 100 pips. This reversal in price should not be a surprise as the wave pattern shows a five wave rally from 1.3105 swing, so correction has obviously been expected. Corrections are three wave pattern that usually retraces back to the wave four termination point. In our case that comes in around 1.3475 so pair could fell further in days ahead or at least stay sideways.

Continue Reading...

Elliott Forecast For AUDUSD: Correction Could Be Near Completion

AUDUSD is in a bearish reversal mode since last Friday when market completed a five wave recovery at 0.9528. As such, the contra-trend reaction has unfolded in three

Elliott Wave Forecast For EURUSD and USDCHF

The market has been very slow for the last few sessions, so we suspect that pairs are trapped in corrective price action that will send USD lower in

AUDUSD: Three Waves Up Could Bet A Correction-Don’t Be Surprised By Bearish Trend

AUDUSD 4h Elliott Wave Analysis AUDUSD moved through 0.9230 swing high from Aug 19th that caused an extension up to 0.9353 from where pair reversed nicely in this