Hi Traders,
Double top on the 1-hour chart that should take the AUDUSD (now at 0.9155) to 0.9090 and possibly lower. However, this is largely expected as the Aussie completed the first set of 5 waves up (of a very minor grade) and we are witnessing only a temporary pullback (wave 2 of a very minor grade).
TARGETS
likely: 0.9090
possibly: area 0.9073-0.9058 and area 0.9047-0.9039
maybe: around 0.90034
NOTE
Below, I published only the 4-hour and 1-hour charts. For more info please refer to my previous post about AUDUSD as that analysis is still current.
4-hour chart - click to enlarge
wave oscillator over 4-hour chart - click to enlarge
1-hour chart - click to enlarge
wave oscillator over 1-hour chart - click to enlarge
Hi Traders,
USDJPY, now at 99.63, finally broke the upper line of the triangle displayed in the daily chart and started the new uptrend which should take it to 105 and 122.
TARGETS
likely: 105.31
possibly: 120. 17
maybe: 122.30
ELLIOTT WAVES
The daily chart displays a nice a-b-c followed by waves 1 & 2. Wave 3 (upwards) just started.
ENTRY
The wave oscillator shows an imminent pullback in the 1-hour chart. Wait for that before getting in.
monthly chart - click to enlarge
weekly chart - click to enlarge
daily chart - click to enlarge
wave oscillator over daily chart - click to enlarge
4-hour chart - click to enlarge
wave oscillator over 4-hour chart - click to enlarge
1-hour chart - click to enlarge
wave oscillator over 1-hour chart - click to enlarge
Hi Traders,
The AUDUSD, now on the resistance at 0.9120, closed last week with a double bottom (1-hour chart) and started this week with a rally and a gap upwards.
If it breaks the upper line of the channel (daily chart) it should take the AUDUSD to the area 0.9511-0.9529 and possibly 0.9691-0.9716.
TARGETS
likely:0.9317-0.9326
possibly: area 0.9511-0.9529
maybe: area 0.9691-0.9716
ELLIOTT WAVES
The monthly & weekly chart display an a-b-c-d-e which should be followed by a new rally in 3 waves (two-step pattern).
ENTRY POINT
Wait for the imminent pullback and check the wave oscillator in the 1-hour chart before taking your position.
monthly chart - click to enlarge
weekly chart - click to enlarge
daily chart - click to enlarge
wave oscillator over daily chart - click to enlarge
4-hour chart - click to enlarge
wave oscillator over 4-hour chart - click to enlarge
1-hour chart - click to enlarge
wave oscillator over 1-hour chart - click to enlarge
Hi Traders,
The SPI200 (now at 5185) opened with a gap and seems to be heading north, maybe to the area 5483-5408. It's now hovering around our previous target area 5166-5199 (see weekly chart) and might have a short pullback soon (1-hour chart).
TARGETS
likely: area 5483-5408
ELLIOTT WAVES
The weekly chart shows that this is part of wave 5 (in blue) that might end in Oct-Nov, as usual. The daily chart is set to have 9 waves up and it's now enfolding wave 7 in 5 smaller waves (in green, font 8).
monthly chart - click to enlarge
weekly chart - click to enlarge
daily chart - click to enlarge
wave oscillator over daily chart - click to enlarge
4-hour chart - click to enlarge
wave oscillator over 4-hour chart - click to enlarge
1-hour chart - click to enlarge
wave oscillator over 1-hour chart - click to enlarge
Hi Traders,
The EURGBP (now at 0.8528) is still on the way down to the area 8422-8408 and lower.
TARGETS
likely: area 0.8515
possibly: 0.8467-8459
maybe: 0.8422-8408
ELLIOTT WAVES
The weekly chart displays and a-b-c-d-e followed by wave 1 and 2. We expect "wave 3" as a minimum.
ENTRY POINT
The EURGBP made a double bottom recently in the 1-hour chart. Hence, there might be a temporary pullback.
NOTE
The Pound is heavily manipulated by the BOE and it's traded by expert traders on the London floor. Hence, be careful.
monthly chart - click to enlarge
weekly chart - click to enlarge
daily chart - click to enlarge
wave oscillator over daily chart - click to enlarge
4-hour chart - click to enlarge
wave oscillator over 4-hour chart - click to enlarge
1-hour chart - click to enlarge
wave oscillator over 1-hour chart - click to enlarge
