September 27, 2013 · Comments Off on Elliott Forecast For AUDUSD: Correction Could Be Near Completion

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 waves which has been expected as this is the minimum substructure of a corrective movement. Notice that now we have three waves down,

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Elliott Wave Forecast For EURUSD and USDCHF

September 24, 2013 · Comments Off on 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

September 13, 2013 · Comments Off on 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