ew-forecast.com's  Instablog

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:
  • AUDUSD Could Reverse To Upside: Elliott Wave Forecast  0 comments
    Dec 19, 2013 4:13 AM

    AUDUSD has extended decline in the last few days, in impulsive manner through 0.8988 low which is probably wave (v) that may complete wave 3 very soon. Notice that pair fell to a new low yesterday and is now testing support zone around 0.8900- 0.8800 where wave five equals to wave one. As such, we could see a reversal to the upside from here especially if we also consider a divergence on the RSI.

    AUDUSD 4h Elliott Wave Analysis

    (click to enlarge)

    Written by www.ew-forecast.com

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


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.