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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
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  • Elliott Wave Forecast For AUDUSD 0 comments
    Jul 9, 2013 5:34 AM

    AUDUSD fell back to the lows on Friday but because of overlapping price action in the latest bearish waves and bullish divergence on the RSI we are still observing an ending diagonal placed in wave 5). We however could see another push down to 0.8900 before pair forms a bottom. On the other-hand, only rise back above 0.9250 will suggest that ending diagonal is complete (ALT count on the chart).

    (click to enlarge)

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