AUDUSD plunging

Hi Traders,

The AUDUSD (now at 0.9368) resumed its downtrend after the last rebound to 0.9454, as predicted. Initial targets: 0.9331-0.9324 and 0.9220-0.9198

TARGETS:

likely: 0.9331-0.9324
possibly: 0.9220-0.9198
maybe: 0.9083

ELLIOTT WAVES

As displayed in the weekly chart the AUDUSD is unfolding the 5th wave to complete wave "e". This wave could reach the area 0.8419-0.8303 and lower.

BEST ENTRY

Around 0.9375-78 if it bounces back a bit.


monthly chart - click to enlarge

weekly chart - click to enlarge

daily chart - click to enlarge

wave oscillator over the daily chart - click to enlarge

4-hour chart - click to enlarge

1-hour chart - click to enlarge 

USDJPY, the new jump

Hi Traders,

The USD JPY started a new uptrend to 105.43-105.70 and 110.68-111.52

TARGETS

likely: 105.43-105.70 and 107.00
possibly: 110.68-111.52
maybe: 113.63-115.14

ELLIOTT WAVES

In the weekly chart, daily chart and 4-hour chart the YEN completed the last triangle and just started the 5th-of-the-5th-of-the-5th, ie: the new uptrend.

See the 4-hour chart where the last wave down display 5 waves down and a final reversal pattern.

monthly chart - click to enlarge

weekly chart - click to enlarge

daily chart - click to enlarge

wave oscillator over the daily chart - click to enlarge

4-hour chart - click to enlarge

1-hour chart - click to enlarge