Elliott Wave Count AUDUSD Daily

We are within a ABCDE triangle correction, with that respect, we believe AUDUSD will target 0.9780 in a couple weeks to finish the pattern, note this pattern is a correction and 0.9780 will complete wave 4, after that we will have another upward wave 5, we will post another screenshot soon.
Subscribe to this blog to receive further update

Comments

Post a Comment

Popular posts from this blog

Super Trend Signal Mt4 Indicator

Image
See Why the Super Trend is the Most Consistently Profitable Trading Indicator  Super trend signal, no repaint, no false signal in sideway market         How Well does the Wave Trend do in Ranging Sideways Markets? The Wave Trend Keeps You Out of Unprofitable Markets Because it Can Not Trigger a Signal during Choppy Times. Works in All Time Frames !   And Daily Charts... Never Miss Another Profitable Trade Sound Alerts Enabled Email Send Alerts Enabled The Super Trend DOES NOT REPAINT DOES NOT PAINT IN ARREAR, Reversal Dots Paint at the Close of the Current Candle... Just the way we Want Them!! Price for this amazing indicator is only 37$ via Credit card or paypal, please send an email to forex3747@gmail.com to get details, then this indicator will be sent to your email after payment completed.
Read more

Forex 26/September 2012 Forecast

GBPUSD GBPUSD made another one attempt to break below 1.6162 (S1) without any success as the last week has increased the pressure on that level, making it strong technical and psychological important for the bears. If the pair do not manage to break below 1.6162 (S1), it is expected the price to continue moving between 1.6271 (R1) and 1.6162 (S1). However, a break above 1.6300 will confirm the bullish trend as the daily outlook remains bullish. On the other hand a break below 1.6162 (S1) will open the doors for a full retracement towards 1.6084 (S2) as is the most likely scenario. EURUSD EURUSD is under selling pressure as it broke below the psychological level of 1.2900 – 1.2890, and it seems that sellers are aiming to push the price lower towards the uptrend trendline at 1.2700 areas. Support levels remains at 1.2817 (S1) and 1.2749 (S2) while our resistance levels can be found at 1.2971 (R1) and 1.3047 (R2). OIL OIL fell below the psychological level of 90.61 and is now a
Read more

Forex 20/September 2012 Forecast

EURSD EURUSD could not overcome 1.3083 (R1) and fell breaking below the psychological level of 1.3015 (S1), triggering our short positions targeting 1.2930 (S2). The euro came under pressure this morning after disappointed data from EMU (Construction Output came negative) as the German DAX30, the FrenchCAC40 and Italian FTSE are showing bearish movements the last 2 days falling at almost -0.17% and -0.35% range. Fundamentally, we look towards the US Session where MBA Mortgage Applications are due at 11:00 GMT, House Starts and Building Permits at 12:30 GMT, while Existing Homes Sales is due at 14:00 GMT. GBPUSD GBPUSD – The last month the pair continued its impressive upwards trend, reaching a high this week at 1.6273 (R1), a level that has been retested twice without bulls managing to break above it. Following that, the pair fell almost a 50 pips after retesting 1.6204 (S1), with a clear sign of declines as sellers aiming to breach the uptrend trendline that
Read more