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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: Bear Market Rally 0 comments
    Jul 18, 2013 4:27 AM | about stocks: AUD

    AUDUSD recovered nicely in this week from 0.9000 psychological level, but rally may not last long as we suspect that current bullish leg is wave C), final leg of a three wave recovery in blue wave (4). It seems that pair has made a flat correction, which means that market can turn sharply bearish very soon. Keep an eye on minor impulse down for evidence of a downtrend continuation. We will be tracking hourly price action on intra-day page very closely.

    If you are interested in our analysis then you can try us absolutely FREE FOR 7 DAYS!

    Visit http://www.ew-forecast.com/service/ for more details.

    (click to enlarge)

    Regular flat

    A Flat is a three-wave pattern labeled A-B-C that generally moves sideways. It is corrective, counter-trend and is a very common Elliott pattern.

    (click to enlarge)

    If you are interested in our analysis then you can try us absolutely FREE FOR 7 DAYS!

    Visit http://www.ew-forecast.com/service/ for more details.

    Stocks: AUD
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