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NDelic
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Everything posted by NDelic
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USD/CAD Elliott Wave For the last few days the USDCAD pair has been trading upwards, and that is why we must look at the blue wave 2 as incomplete cycle. Yesterday, during the Asian and European session we could observe ascending movement from 1.0315 towards 1.0337 level. Therefore, during the early New York session the USDCAD pair has continued trading in a bullish mood and we could see new sessions high at 1.0347 level. At the moment price is trading around 1.0350 and we should see one more push higher before the 2 wave is complete. In accordance with our wave rules and taking into account that wave Y should retrace 100% of wave W,so we can define the potential targets with measuring wave W with take profit at 1.0384 (100% of wave W). To reduce the risk, we can use invalidation point at 1.0310 level as stop loss. Alternation: if price continue to push lower and break below 1.0310 we must consider the 1.0384 as the end of the wave 2 (coloured blue).bearish movement for Mid-Term. Support and Resistance (S3) 1.0292 (S2) 1.0303 (S1) 1.0324 (PP) 1.0335 (R1) 1.0356 (R2) 1.0367 (R3) 1.0388 Trading forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the upwards movement. That is why long position at level 1.0360 with stop loss at 1.0310 and take profit at 1.0251 are recommended.
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AUDUSD Elliott wave During the last week the AUDUSD pair was trading upwards, just like we expected, corrective wave .a (coloured green) of the Y wave developed. During the Friday's Asian and European sessions we could observe ascending movement from 0.9132 towards the 0.9187 level. Therefore, during the early New York session this major currency continued trading in a bullish mood and we could see the price reaching a new high at the 0.9213 level. Today, the AUDUSD pair has found resistance around the 0.9232 level and we are expecting to see retracement in the .b wave that should be in place right now. In accordance with our wave rules and taking into account that wave B should retrace 61.8% of wave A, we can define the potential targets with measuring wave A with take profit at 0.9126 (61.8% of wave A). To reduce the risk, we can use support point at the 0.9230 level as stop loss. Support and Resistance (S3) 0.9042 (S2) 0.9083 (S1) 0.9132 (PP) 0.9173 (R1) 0.9222 (R2) 0.9263 (R3) 0.9312 Trading forecast Proceeding from Elliott Wave rules today, the trend is expected to begin downward movement. That is why short positions at the level of 0.9200 with stop loss at 0.9230 and take profit at 0.9126 are recommended.
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AUDUSD Elliott Wave Since our last analyses the AUDUSD pair has been trading downwards, so we extended our blue X wave a little bit. Yesterday, during the Asian session we could observe ascending movement from 0.9117 towards 0.9188 and we are counting this move as the end of the .X wave (coloured gree). Therefore, during the European and New York session� when developing of the final Y wave starts this currency push aggressively lower and the price make a new low at 0.9057. We are considering this move as the end of the X wave (coloured blue). At the moment the AUDUSD pair is trading around 0.9174 and we should see price higher for the next few days.In accordance with our wave rules and taking into account that wave Y should retrace 100% of wave W, we can define the potential targets with measuring wave Y with take profit at 0.9431 (100% of wave W). To reduce the risk, we can use support point at 0.9050 level as stop loss. Support and Resistance (S3) 0.8938 (S2) 0.8998 (S1) 0.9069 (PP) 0.9129 (R1) 0.9200 (R2) 0.9260 (R3) 0.9331 Trading forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the upwards movement. That is why long positions at level 0.0200 with stop loss at 0.9050 and take profit at 0.9431 are recommended
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AUDUSD Elliott Wave For the last few days the AUDUSD pair was trading downwards with a lot of overlapping and we think that bearish move from 0.9221 is correction X of wave (coloured blue) of the bigger (4) wave (coloured green). Yesterday, during the Asian session we could observe ascending movements from 0.9100 towards 0.9147. Therefore, during the European and New York sessions this major currency did not manage to hold this levels and the price retraced to 0.9072 ( a new session low). At the moment, the AUDUSD pair is trading around 0.9100 and we are expecting to see further developments in next few sessions. In accordance with our wave rules and taking into account that wave Y should retrace 100% of wave W, we can define potential targets with measuring wave Y with take profit at 0.9435 (100% of wave W). To reduce the risk, we can use support point at 0.8960 as stop loss. Support and Resistance (S3) 0.8998 (S2) 0.9035 (S1) 0.9073 (PP) 0.9110 (R1) 0.9148 (R2) 0.9185 (R3) 0.9223 Trading forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the upwards movement. That is why long postions at level 0.9140 with stop loss at 0.8960 and take profit at 0.9435 are recommended.
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AUDUSD Elliott Wave Since our last analysis the AUDUSD pair has been trading downwards, just like we expected, corrective wave X (coloured blue) of the bigger wave (4) has started developing. During the Friday's Asian and European sessions, we could observe ascending movement from 0.9109 towards 0.9179. Therefore, during the New York session, this currency pair has continued trading in a bullish mood and the price has reached a new sessions high at 0.9214. At the moment, the AUDUSD pair is trading around 0.9153 and we are expecting to see continuation of this bearish move for the next few sessions. In accordance with our wave rules and taking into account that wave X should retrace 50% of wave X, we can define potential targets with measuring wave W with take profit at 0.9032 (50% of wave W). To reduce the risk, we can use resistance point at 0.9250 as stop loss. Support and Resistance (S3) 0.8986 (S2) 0.9035 (S1) 0.9116 (PP) 0.9165 (R1) 0.9246 (R2) 0.9295 (R3) 0.9376 Trading forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downwards movement. That is why short positions at level 0.9145 with stop loss at 0.9250 and take profit at 0.9032 are recommended.
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AUDUSD Elliott Wave Since our last analysis the AUD/USD pair has been trading upwards, the corrective wave iv (coloured blue) of the bigger wave (5) (coloured green) has been developing. During the Wednesday's Asian session we could observe descending movement from 0.9002 towards 0.8918 level and we could consider this move as the end of the corrective wave .X (coloured green). Therefore, during the European and New York sessions this major currency did not manage to keep the bearish moods and the price retraced to 0.9035 level. At the moment, the AUD/USD pair is trading around 0.9071 and we are expecting to see the end of wave 4 very soon. In accordance with our wave rules and taking into account that wave 5 should retrace 61.8% of wave 3, we can define potential targets with measuring wave 3 with take profit at 0.8813 (61.8% of wave 3). To reduce the risk, we can use resistance point at 0.9130 level as stop loss. Support and Resistance (S3) 0.8832 (S2) 0.8876 (S1) 0.8937 (PP) 0.8981 (R1) 0.9042 (R2) 0.9086 (R3) 0.9147 Trading forecast Proceeding from Elliott Wave rules today, the trend is expected to begin to move downwards. That is why short positions at the level of 0.9040 with stop loss at 0.9130 and take profit at 0.8813 are recommended.
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AUDUSD Elliott Wave Last week the AUDUSD pair traded downwards, just like we had expected, impulsive wave 3 (coloured blue) of the bigger wave (5) (coloured green) was developing. During the Friday's Asian and European sessions we could observe ascending movement from 0.8888 towards the 0.8968 level and we can consider this move as the end of the corrective wave .4 (coloured green) of the bigger wave 3 (coloured blue). Therefore, during the New York session this currency did not managed to hold this level and the price retraced back to 0.8869 level. At the moment the AUDUSD pair is trading around 0.8899 and we expect to see the price higher for the next few days. In accordance with our wave rules and taking into account that wave 4 should retrace 38.2 of wave 3, we can define the potential targets with measuring wave 3 with take profit at 0.9018 (38.2% of wave 3). To reduce the risk, we can use support point at 0.8800 level as stop loss. Support and Resistance (S3) 0.8759 (S2) 0.8814 (S1) 0.8858 (PP) 0.8913 (R1) 0.8957 (R2) 0.9012 (R3) 0.9056 Trading forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the upwards movement. That is why long positions at level 0.8900 with stop loss at 0.8800 and take profit at 0.9018 are recommended.
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USD/CAD Elliott Wave For the last few days we are tracking the corrective wave (A) (coloured green) as finished, and yesterday's bullish movement finally confirmed this scenario. During the Thursday's Asian and European sessions we could observe ascending movement from 1.0262 towards the 1.0324 level. Therefore, during the New York session this major currency has continued trading in bullish mood and the price has reached a new high at 1.0362 level. At the moment the USD/CAD is trading around 1.0375 and we expect to see more bullish movements before first sub-wave A (coloured blue) complete all five subwaves. In accordance with our wave rules and taking into account that wave 5 should retrace 61.8% of wave 3,so we can define the potential targets with measuring wave 3 with take profit at 1.0410 (61.8% of wave 3). To reduce the risk, we can use invalidation point at 1.0289 level as stop loss. Support and Resistance (S3) 1.0203 (S2) 1.0233 (S1) 1.0289 (PP) 1.0319 (R1) 1.0375 (R2) 1.0405 (R3) 1.0461 Trading forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the upwards movement. That is why long positions at level 1.0336 with stop loss at 1.0289 and take profit at 1.0410 are recommended.
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AUDUSD Elliott Wave For the last few days the AUD/USD pair has been trading downwards, impulsive wave .3 (coloured green) of the bigger wave 1 (coloured blue) has been developing. Yesterday, during the Asian and European sessions we could observe descending movement from 0.9187 towards the 0.9075 level. Therefore, during the New York session this major currency has continued trading in a bearish mood and the price has reached a new daily low at 0.9044 level. Today the AUD/USD pair is trading around 0.9020 level and we expect to see the end of the impulsive wave .3 very soon. In accordance with our wave rules and taking into account that wave 4 should retrace 38.2% of wave 3, we can define the potential targets with measuring wave 3 with take profit at 0.9104 (38.2% of wave 3). To reduce the risk, we can use support point at 0.8960 level as stop loss. Support and Resistance (S3) 0.8835 (S2) 0.8939 (S1) 0.9002 (PP) 0.9106 (R1) 0.9169 (R2) 0.9273 (R3) 0.9336 Trading forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the upwards movement. That is why long positions at level 0.8990 with stop loss at 0.8960 and take profit at 0.9104 are recommended
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AUDUSD Elliott Wave Since our last analyses the AUD/USD pair has been trading downwards, just like we expected, impulsive wave .3 (coloured green) of the bigger wave 1 (coloured blue) has been developing. During the Monday's Asian and European sessions we could observe descending movement from 0.9284 towards the 0.9187 level. Therefore, during the New York session this major currency has continued trading in a bullish mood and the price has made a new low at 0.9154 level. At the moment the AUD/USD pair is trading around 0.9072 and we expect to see the price staying in a bearish mood for the few more days. In accordance with our wave rules and taking into account that wave 3 should retrace 161.8% of wave 1, we can define the potential targets with measuring wave 1 with take profit at 0.8980 (161.8% of wave 1). To reduce the risk, we can use resistance point at 0.9185 level as stop loss. Support and Resistance (S3) 0.9067 (S2) 0.9127 (S1) 0.9166 (PP) 0.9226 (R1) 0.9265 (R2) 0.9325 (R3) 0.9364 Trading forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downwards movement. That is why short positions at level 0.9060 with stop loss at 0.9185 and take profit at 0.8980 are recommended.
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USD/CAD Elliott Wave Since our last analysis the USD/CAD pair has made a new low, so we need to consider the final wave 5 (coloured blue) of the (A) wave as incomplete. Yesterday, during the Asian and European sessions we could observe descending movement from 1.0312 towards the 1.0254 level and we can consider this move as the end of the wave (A) (coloured green). Therfore, during the New York session this currency did not manage to hold around the lows and price has retraced back to 1.0289 level. At the moment the USD/CAD pair is trading around 1.0276 level, and if price manages to stay above 1.0254 we can expect to see the price higher for the ( wave end. In accordance with our wave rules and taking into account that wave B should retrace 61.8% of wave A, so we can define the potential targets with measuring wave A with take profit at 1.0471 (61.8% of wave A). To reduce the risk, we can use invalidation point at 1.0254 level as stop loss. Alternate Count: Corrective wave (A) is not yet completed, and we could see one more push lower before price turn around when development of the ( wave starts. Support and Resistance (S3) 1.0185 (S2) 1.0219 (S1) 1.0249 (PP) 1.0283 (R1) 1.0313 (R2) 1.0347 (R3) 1.0377 Trading forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the upwards movement. That is why long positions at level 1.0330 with stop loss at 1.0254 and take profit at 1.0471 are recommended
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USD/CAD Elliott Wave Since our last analyses the USD/CAD pair has continued trading in a bearish mood and price has reached our target for the impulsive wave 5 (coloured blue) of the bigger wave (A) (coloured green). Yesterday, during the Asian and European sessions we could observe strong descending movement from 1.0348 towards the 1.0297 level. Therefore, during the New York session this downwards move has continued and this commodity currency has reached a new low at 1.0276 level (end of the 5 wave). At the moment the USD/CAD pair is trading at 1.0300 area and we expect to see the price higher for the next few sessions. In accordance with our wave rules and taking into account that wave B should retrace 61.8% of wave A, so we can define the potential targets with measuring wave A with take profit at 1.0481 (61.8% of wave A). To reduce the risk, we can use invalidation point at 1.0275 level as stop loss. Support and Resistance (S3) 1.0188 (S2) 1.0232 (S1) 1.0259 (PP) 1.0303 (R1) 1.0330 (R2) 1.0374 (R3) 1.0401 Trading forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the upwards movement. That is why long positions at level 1.0340 with stop loss at 1.0275 and take profit at 1.0481 are recommended
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USD/CAD Elliott Wave Last week the USD/CAD pair was trading in a triangle consolidation pattern and we can consider this move as possible corrective wave 4 (coloured blue). During Friday's Asian and European sessions we could observe ascending movement from 1.0360 towards the 1/0392 level and we can consider this move as the end of the final sub-wave .e (coloured green) of the 4 wave (coloured blue). Therefore, during the New York session this commodity currency did not manage to hold these levels and the price has retraced back to 1.0354 level. At the moment the USD/CAD pair is trading around Friday's low and we expect to see the price lower for the next few days. In accordance with our wave rules and taking into account that wave 5 should retrace 61.8% of wave 3, we can define the potential targets with measuring wave 3 with take profit at 1.0280 (61.8% of wave 3). To reduce the risk, we can use resistance point at 1.0400 level as stop loss. Support and Resistance (S3) 1.0333 (S2) 1.0348 (S1) 1.0356 (PP) 1.0371 (R1) 1.0386 (R2) 1.0394 (R3) 1.0409 Trading forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downwards movement. That is why short positions at level 1.0340 with stop loss at 1.0400 and take profit at 1.0280 are recommended
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USD/CAD Elliott Wave Since our last analysis the USD/CAD pair has been trading lower, so we have changed our primary wave count a little bit. Yesterday, during the Asian and European sessions we could observe descending movement from 1.0439 towards the 1.0362 level and we can consider this move as the end of the corrective b wave (coloured green) of the bigger b wave (coloured blue). Therefore, during the New York session this commodity currency did not manage to hold this levels and the price has retraced back to 1.0392 level. At the moment the USD/CAD pair is trading around 1.0396 and we expect to see the continuation of the bullish movement for the next few sessions. In accordance with our wave rules and taking into account that wave 3 should retrace 161.8% of wave 1, we can define the potential targets with measuring wave 1 with take profit at 1.0443 (161.8% of wave 1). To reduce the risk, we can use support point at 1.0360 level as stop loss. Support and Resistance (S3) 1.0263 (S2) 1.0313 (S1) 1.0341 (PP) 1.0391 (R1) 1.0419 (R2) 1.0469 (R3) 1.0497 Trading forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the upwards movement. That is why long positions at level 1.0400 with stop loss at 1.0360 and take profit at 1.0443 are recommended.
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USD/CAD Elliott Wave Since our last analyses the USD/CAD pair has been trading upwards, just like we expected, impulsive wave .3 (coloured green) of the bigger wave 5 (coloured blue) has been developing. During the Monday's Asian and European sessions we could observe ascending movements from 1.0379 towards the 1.0433 level.Therefore, during the New York session this currency has continued the bullish mood and the price has reached a new high at 1.0441 level. At the moment the USD/CAD pair is trading around 1.4335 and we are expecting to see price higher in the next few sessions.In accordance with our wave rules and taking into account that wave 3 should retrace 161.8% of wave 1, we can define the potential targets with measuring wave 1 with take profit at 1.0539 (161.8% of wave 1). To reduce the risk, we can use support point at 1.0360 level as stop loss. Support and Resistance (S3) 1.0340 (S2) 1.0359 (S1) 1.0393 (PP) 1.0412 (R1) 1.0446 (R2) 1.0465 (R3) 1.0499 Trading forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the upwards movement. That is why long positions at level 1.0440 with stop loss at 1.0360 and take profit at 1.0539 are recommended.
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AUD/USD Elliott Wave Since our last analyses the AUD/USD pair has been trading lower, just like we expected, corrective wave .i (coloured green) of the bigger wave 1 (coloured blue) has been developing. Yesterday, during the Asian and European session we could observe descending movement from 0.9304 towards the 0.9192 level. Therefore, during the New York session this currency has continued trading in a bearish mood and price has reached a new daily low at 0.9120 level. We can consider this move as the end of the wave .i (coloured green). At the moment, the AUD/USD pair is trading around 0.9120 and we are expecting to see another wave lower when developing of the corrective wave .ii (coloured green) ends.In accordance with our wave rules and taking into account that wave 3 should retrace minimum 100% of wave 1, we can define the potential targets with measuring wave 1 with take profit at 0.9050 (100% of wave 1). To reduce the risk, we can use invalidation point at 0.9315 level as stop loss. Support and Resistance (S3) 0.8916 (S2) 0.9017 (S1) 0.9102 (PP) 0.9203 (R1) 0.9288 (R2) 0.9389 (R3) 0.9474 Trading forecast Proceeding from Elliott Wave today, the trend is expected to begin the downwards movement. That is why short positions at level 0.9215 with stop loss at 0.9315 and take profit at 0.9050 are recommended.
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USD/CAD Elliott Wave For the last few days, the USD/CAD pair has been trading slightly lower, corrective sub-wave .c (coloured green) of the bigger wave 4 (coloured blue) has been developing. Yesterday, during the Asian and European session we could observe descending movement from 1.0652 towards the 1.0513 level. Therefore, during the New York session this commodity currency did not manage to hold this levels and the price has retraced back to 1.0540 area. At the moment, the USD/CAD pair is trading around 1.0514 and we are expecting to see the price higher for the end of the .d wave of the running triangle 4. In accordance with our wave rules and taking into account that wave D should retrace 61.8% of wave B, we can define the potential targets with measuring wave B with take profit at 1.0598 (61.8% of wave . To reduce the risk, we can use invalidation point at 1.0416 level as stop loss. Support and Resistance (S3) 1.0442 (S2) 1.0478 (S1) 1.0502 (PP) 1.0538 (R1) 1.0562 (R2) 1.0598 (R3) 1.0622 Trading forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the upwards movement. That is why long positions at level 1.0560 with stop loss at 1.0416 and take profit at 1.0598 are recommended.
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AUD/USD Elliott Wave Since our last analyses the AUD/USD pair has been trading upwards, just as we expected, corrective wave Y (coloured blue) of the bigger wave [4] (coloured red) has been developing. Yesterday, during the Asian session we could observe strong ascending movement from 0.9042 towards the 0.9100 level. Therefore, during the New York session this currency has continued to trade in a bullish mood and price has reached a new highs at 0.9143 level. Today, during the London session we could observe strong push higher to 0.9197 level (end of wave Y) and we are expecting to see price lower when developing of the wave [5] (coloured red) starts. In accordance with our wave rules and taking into account that wave 5 should retrace 61.8% of wave 3, we can define the potential targets with measuring wave 3 with take profit at 0.8799 (61.8% of wave 3). To reduce the risk, we can use invalidation point at 0.9335 level as stop loss. Support and Resistance (S3) 0.9134 (S2) 0.9152 (S1) 0.9162 (PP) 0.9180 (R1) 0.9190 (R2) 0.9208 (R3) 0.9218 Trading forecast Proceeding from Elliott Wave today, the trend is expected to begin the downwards movement. That is why short positions at level 0.9100 with stop loss at 0.9335 and take profit at 0.8799 are recommended
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AUD/USD Elliott Wave For the last few days the AUD/USD pair has been trading upwards, corrective wave A (coloured blue) of the bigger wave [4] (coloured red) has been developing. Yesterday, during the Asian and European session we could observe ascending movement from 0.9085 towards the 0.9178 level. Therefore, during the New York session this currency did not manage to hold this levels and price has retraced back to 0.9122 level. At the moment the AUD/USD pair is trading around 0.9158 level and we are expecting to see price higher in the next few days.In accordance with our wave rules and taking into account that wave 4 should retrace 38.2% of wave 3, we can define the potential targets with measuring wave 3 with take profit at 0.9277 (38.2% of wave 3). To reduce the risk, we can use support point at 0.9050 level as stop loss. Support and resistance (S3) 0.8975 (S2) 0.9023 (S1) 0.9083 (PP) 0.9131 (R1) 0.9191 (R2) 0.9239 (R3) 0.9299 Trading forecast Proceeding from Elliott Wave today, the trend is expected to begin the upwards movement. That is why long positions at level 0.9170 with stop loss at 0.9050 and take profit at 0.9277 are recommended.
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USD/CAD Elliott Wave For the last few days the USD/CAD pair has been trading upwards, impulsive wave 5 (coloured blue) of the bigger wave [1] (coloured red) has finished developing. Yesterday, during the Asian and European session we could observe ascending movement from 1.0500 towards the 1.0577 level and we can consider this move as the end of the impulsive wave [1] (coloured red). Therefore, during the New York session this major currency did not manage to hold this levels and price has retraced back to 1.0528 level. At the moment, the USD/CAD pair is trading around 1.0550 and we are expecting to see price lower in the next few sessions. In accordance with our wave rules and taking into account that wave 2 should retrace 50% of wave 1, we can define the potential targets with measuring wave 1 with take profit at 1.0355 (50% of wave 1). To reduce the risk, we can use invalidation point at 1.0600 level as stop loss. Alternatively: If the price brakes above 1.0600 level, we need to consider that wave [1] (coloured red) is not over yet, in this scenario we can consider yesterday's target at 1.0662 as possible end of the wave [1]. Support and resistance (S3) 1.0450 (S2) 1.0483 (S1) 1.0503 (PP) 1.0537 (R1) 1.0570 (R2) 1.0590 (R3) 1.0624 Trading forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downwards movement. That is why short positions at level 1.0500 with stop loss at 1.0600 and take at 1.0355 are recommended.
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AUD/USD Elliott Wave Since our last analysis, the AUD/USD pair has been trading upwards, corrective wave .4 (coloured green) of the bigger wave 5 (coloured blue) has been developing. During the Monday's Asian and European session we could observe strong ascending movement from 0.9153 towards the 0.9252 level and we can consider this move as the end of the corrective wave .4 (coloured green). Therefore, during the New York session when developing of the final wave .5 starts this major pair did not manage to hold this levels and price has dropped to the new sessions low at 0.9205 level. At the moment the AUD/USD pair is trading around 0.9182 and we are expecting to see price lower in the next few sessions. In accordance with our wave rules and taking into account that wave 5 should retrace 61.8% of wave 1, we can define the potential targets with measuring wave 1 with take profit at 0.9057 (61.8% of wave 1). To reduce the risk, we can use invalidation point at 0.9252 level as stop loss. Support and resistance (S3) 0.9015 (S2) 0.9065 (S1) 0.9151 (PP) 0.9201 (R1) 0.9287 (R2) 0.9337 (R3) 0.9423 Trading forecast Proceeding from Elliott Wave today, the trend is expected to begin the downwards movement. That is why short positions at level 0.9170 with stop loss at 0.9252 and take profit at 0.9057 are recommended.
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AUD/USD Elliott Wave Since our last analyses the AUD/USD pair has been trading downwards, just like we expected, impulsive wave 3 (coloured green) of the bigger wave 5 (coloured blue) has been developing. Yesterday, during the Asian and European sessions we could observe descending movement from 0.9329 towards the 0.9262 level. Therefore, during the New York session this major currency has continued trading in a bearish mood and price has reached a new daily low at 0.9215 level. At the moment the AUD/USD pair is trading around 0.9240 are and we expect to see the price lower today. In accordance with our wave rules and taking into account that wave 3 should retrace 200% of wave 1, we can define the potential targets with measuring wave 1 with take profit at 0.9150 (200% of wave 1). To reduce the risk, we can use support point at 0.9300 level as stop loss. Support and Resistance (S3) 0.9169 (S2) 0.9215 (S1) 0.9245 (PP) 0.9291 (R1) 0.9321 (R2) 0.9367 (R3) 0.9397 Trading forecast Proceeding from Elliott Wave today, the trend is expected to begin the downwards movement. That is why short positions at level 0.9230 with stop loss at 0.9300 and take profit at 0.9150 are recommended.
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AUD/USD Elliott Wave Since our last analyses the AUD/USD pair has been trading sideways, corrective sub-wave b (coloured green) of the bigger wave 4 (coloured blue) has been developing. Yesterday, during the European session we could observe descending movement from 0.9296 towards the 0.9217 level. Therefore, during the New York session this major currency did not manage to hold this level and the price has reached a new session's high at 0.9277 level. At the moment the AUD/USD pair is trading around 0.9295 area and we expect to see the price lower in the next few sessions. In accordance with our wave rules and taking into account that wave 5 should retrace 61.8% of wave 3, we can define the potential targets with measuring wave 3 with take profit at 0.9023 (61.8% of wave 3). To reduce the risk, we can use resistance point at 0.9433 level as stop loss. Support and Resistance (S3) 0.9100 (S2) 0.9148 (S1) 0.9200 (PP) 0.9248 (R1) 0.9300 (R2) 0.9348 (R3) 0.9400 Trading forecast Proceeding from Elliott Wave today, the trend is expected to begin the downwards movement. That is why short positions at level 0.9265 with stop loss at 0.9433 and take profit at 0.9023 are recommended.
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AUD/USD Elliott Wave Since our last analyses the AUD/USD pair has been trading side ways, corrective wave 4 (coloured green) of the bigger wave 3 (coloured blue) has been developing. During the Friday's Asian and European sessions we could observe descending movement from 0.95258 towards the 0.9181 level.Therefore, during the New York session this currency did not manage to hold this levels and the price has retraced back to 0.9250 level. At the moment the AUD/USD pair is trading around 0.9174 area and we expect to see the price higher when development of the corrective wave 4 (coloured blue) starts. In accordance with our wave rules and taking into account that wave 4 should retrace 38.2% of wave 3, we can define the potential targets with measuring wave 3 with take profit at 0.9307 (38.2% of wave 3). To reduce the risk, we can use support point at 0.9100 level as stop loss. Support and Resistance (S3) 0.9141 (S2) 0.9170 (S1) 0.9188 (PP) 0.9217 (R1) 0.9246 (R2) 0.9264 (R3) 0.9293 Trading forecast Proceeding from Elliott Wave today, the trend is expected to begin the upwards movement. That is why long positions at level 0.9200 with stop loss at 0.9100 and take profit at 0.9300 are recommended.
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AUD/USD Elliott Wave Since our last analysis the AUD/USD pair has been trading downwards, impulsive sub-wave 3 of the bigger wave 3 (coloured blue) has been developing. Yesterday, during the Asian and European sessions we could observe descending movement from 0.9312 towards the 0.9164 level and we can consider this move as the end of the impulsive sub-wave 3 (coloured blue). Therefore, during the New York session this major currency did not manage to hold this area and the price has retraced back to 0.9235 level. At the moment the AUD/USD pair is trading around 0.9240 area and we expect to see the continuation of the bearish movement in the next few sessions. In accordance with our wave rules and taking into account that wave 5 should retrace 61.8% of wave 3, we can define the potential targets with measuring wave 3 with take profit at 0.9095 (61.8% of wave 3). To reduce the risk, we can use invalidation point at 0.9438 level as stop loss. Support and Resistance (S3) 0.8984 (S2) 0.9073 (S1) 0.9134 (PP) 0.9223 (R1) 0.9284 (R2) 0.9373 (R3) 0.9434 Trading forecast Proceeding from Elliott Wave today, the trend is expected to begin the downwards movement. That is why short positions at level 0.9319 with stop loss at 0.9438 and take profit at 0.9095 are recommended.