ew-forecast.com's  Instablog

ew-forecast.com
Send Message
We are providing technical analyzes for the financial markets and how they behave based on the Elliott Wave Principle. The Elliott Wave Principle gives you a method for identifying at what points a market is most likely to turn. And that, in turn, gives you guidance as to where you might enter... More
My company:
ew-forecast
  • AUDUSD Bearish; Wait On Pull-Back For New Shorts 0 comments
    May 15, 2013 4:52 AM

    AUDUSD extended its weakness in the last few sessions within wave (iii) which can be counted now in five smaller waves. As such, support for current decline could be near, maybe around 0.9800 from where we will be tracking a wave (iv) corrective rally if we see evidences of a temporary low. If that will prove correct then traders should keep an eye on levels around 1.0000 where we can see wave four swing of one lower degree, plus a lower base channel line that could react as a resistance as well. Any shorts in such case should have stops above 1.0152 critical region as wave four must not trade into a territory of a wave one.

    (click to enlarge)

    Don't miss out, Special offer for new members
    FREE 7-DAY TRIAL

    For more analysis visit us at http://www.ew-forecast.com/service/

Back To ew-forecast.com's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

  • USDCHF: Before Brexit happened and today! Just listen the price action. https://t.co/M9drn1oKNw
    Jun 24, 2016
  • Regarding ‪#‎GBPUSD‬.. technicals suggests limited upside http://goo.gl/qErM25
    Jun 23, 2016
  • so where is VIX? price falling from 22 to 18.40 now. so far nice reaction from 61.8% as mentioned last week >>>http://goo.gl/K4S2xY
    Jun 20, 2016
More »

Latest Comments


Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.