Currency Waves - Elliott Wave Analysis Professionals

$AUDUSD Daily #ElliottWave Count

2020-12-13T17:35:00.006-06:00

AUDUSD Daily Elliott Wave Count

The AUDUSD looks to be headed higher in a final fifth wave toward the .8150 area. This would probably complete an A wave with a B wave down to follow in the months ahead.

AUDUSD Daily Elliott Wave Count

AUDUSD Daily Elliott Wave Count

$EURUSD Daily #ElliottWave Count

2020-12-13T17:18:00.007-06:00

EURUSD Daily Elliott Wave Count

Last week I mentioned the EURUSD targets of around 1.2400 to 1.2450. I do believe the pair could reach 1.2800 - 1.2850 with a C equal A target on the weekly charts. If the pair is going to reach the 1.2800 - 1.2850 target the I would expect the wave V to be extended.

EURUSD Daily Elliott Wave Count

$AUDNZD Daily #ElliottWave Count

2020-12-11T21:00:00.004-06:00

$AUDNZD Daily #ElliottWave Count

I mentioned in a Tweet last week that the #AUDNZD may be breaking higher out of a down trend channel. Today the pair had a daily close outside of the channel along with the RSI having the strongest close since Oct. 8th 2020. The AUDNZD downtrend may be over, I do believe the pair is headed above 1.1044.

$AUDNZD Daily #ElliottWave Count

$AUDCAD Hour #ElliottWave Count

2020-12-11T20:42:00.001-06:00

$AUDCAD Hourly #ElliottWave Count

As mentioned here with the Daily #Elliott Wave count, I believe the AUDCAD could be heading into a strong 3rd wave.

Looking at the hourly Elliott Wave Count the pair could be working on the first wave of that strong 3rd wave.

The pair will need to continue moving up in a serious of 4th and 5th waves.

$AUDCAD Hourly #ElliottWave Count

$AUDCAD Daily #ElliottWave Count

2020-12-11T20:26:00.004-06:00

$AUDCAD Daily #ElliottWave Count

The Daily AUDCAD Elliott Wave Count is looking very bullish as it could be starting a 3rd wave higher.

A break of the .9248 level will invalidate the Daily Elliott Wave Count.

$AUDCAD Daily #ElliottWave Count

#AUDUSD 1 HR #ElliottWave Count

2020-01-22T10:24:00.000-06:00

AUDUSD 1 HR Elliott Wave Count

The AUDUSD continues to make lower lows and lower highs with the last lower high at .68755. I am still thinking lower toward .6750 as .69343 holds.

AUDUSD 1 HR Elliott Wave Count

#USDJPY 4 HR #ElliottWave Count

2020-01-21T08:33:00.003-06:00

USDJPY 4 HR Elliott Wave Count

I am still showing the extremely bullish count here on the USDJPY. A break of 109.789 will invalidate this count but I would still remain bullish on pullbacks as long as 107.652 holds.

USDJPY 4 HR Elliott Wave Count

#EURUSD 4 HR #ElliottWave Count

2020-01-21T08:20:00.000-06:00

EURUSD 4 HR Elliott Wave Count

If you are going with the Leading Diagonal A wave I posted on Twitter the other day then you could say that the circle iv wave is complete with the 5 waves down from 1.11735. It is the exact same pattern as the circle ii wave down. I have them highlighted in a grey box so you can see the similarities.

EURUSD 4 HR Elliott Wave Count

#EURGBP 1 HR #ElliottWave Count

2020-01-21T08:07:00.003-06:00

EURGBP 1 HR Elliott Wave Count

A break of .84524 would complete the corrective pattern but I am still looking for the .8392 area for the completion of wave (ii).

EURGBP 1 HR Elliott Wave Count

#AUDUSD 4 HR #ElliottWave Count

2020-01-21T08:00:00.001-06:00

AUDUSD 4 HR Elliott Wave Count

As I mentioned in the AUDJPY update the 7 swings lower could mean some other type of correction is going on here. The circle b wav up could be turning into an expanded flat or there could be an expanded flat in the move down from .69343 highs.

.69343 will be important in this current bounce. IF the pair turns lower again while holding the .69343 high then we could go with the expanded flat in this current move down. Above .69343 then the circle b is probably the expanded flat.

Hope all that made sense.

AUDUSD 4 HR Elliott Wave Count

#AUDJPY 4 HR #ElliottWave Count

2020-01-21T07:50:00.004-06:00

AUDJPY 4 HR Elliott Wave Count

Both the AUDJPY and AUDUSD have had 7 swings down from their highs. In the AUDJPY case, it is 7 swings down from the 76.246 high. 7 swings is corrective so this bounce happening now may be part of an expanded flat. The AUDJPY needs top stay below 76.246 on this move up to keep the bearish reversal in play.

AUDJPY 4 HR Elliott Wave Count

#EURUSD 4 HR #Elliottwave update

2020-01-17T08:06:00.002-06:00

EURUSD 4 HR Elliott Wave Update

There is a strong move down at the moment and it looks like th e1.1066 level could break. If the low does break I would consider this leg of the correction complete and look for a 3 wave X down that holds above 1.08792.

EURUSD 4 HR Elliott Wave Update

#EURGBP 1 HR #ElliottWave Count

2020-01-17T07:58:00.002-06:00

EURGBP 1 HR Elliott Wave Count

Well the break higher above .85922 has proven to be a fake break so I am back to looking for the final wave lower for wave (ii).

EURGBP 1 HR Elliott Wave Count

#AUDUSD 1 HR #ElliottWave Count

2020-01-17T07:51:00.001-06:00

AUDUSD 1 HR Elliott Wave Count

A break of .68839 could be the start of the C wave down, the next important level would be .6850. The pair will need to hold below .6911 for this to be valid.

AUDUSD 1 HR Elliott Wave Count

#AUDJPY 1 HR #ElliottWave Count

2020-01-17T07:41:00.002-06:00

AUDJPY 1 HR Elliott Wave Count

The AudJpy may have finally started the turn down for the C wave but still need more evidence to be sure. Breaking what I have as the wave 4 low would be a good start by breaking the latest Higher Low.

IF price turns bck up and breaks above 76.55 then we would probably have to look at this as a five wave up from 73.768.

AUDJPY 1 HR Elliott Wave Count

#AUDJPY 4 HR #ElliottWave Count

2020-01-16T18:27:00.003-06:00

AUDJPY 4 HR Elliott Wave Count

So, IF price breaks 76.55 we either have a flat and wave (b) is done at 73.768 or a nice looking impulse down that is actually and ABC. OR a move up from 73.768 that is an ABC but also looks like a nice 5 wave impulse up.

AUDJPY 4 HR Elliott Wave Count

#AUDJPY Daily #ElliottWave Count

2020-01-16T14:36:00.003-06:00

AUDJPY Daily Elliott Wave Count

The AUDJPY has what looks like a nice five wave move up that took the shape of a Leading Diagonal, it started at 69.96 and ran up to the 76.32 area before pulling back again. I am looking for a minimum 3 wave correction before turning back higher again back above the 76.32. At this point I only see one leg down from the high and hope to see the other leg down start soon.

AUDJPY Daily Elliott Wave Count

#GBPJPY 4 HR #ElliottWave Count

2020-01-16T14:23:00.001-06:00

GBPJPY 4 HR Elliott Wave Count

I change this 4 HR Count to reflect what I was showing on the Daily chart the other day.

A move above 144.367 would indicate that the strong move down was a short C wave and the fourth wave may be complete. Back below 140.823 and wave four is still on.

GBPJPY 4 HR Elliott Wave Count

#AUDUSD 4 HR #ElliottWave Count

2020-01-16T11:58:00.001-06:00

AUDUSD 4 HR Elliott Wave Count

I don't actual have any wave counts on here as I am just showing some support and resistance areas and the overall structure I am looking at right now.

From the .6670 low you can see a clear 3 wave corrective move higher to .7032. From that .7032 high the pair had a nice move lower but I do not believe it is a completed structure and needs another leg lower before it is complete. That other leg lower may have started today at .69336. With that said I would NOT be surprised to see this current move lower hold above .6850 and the pair make a slight new high above todays high before the before moving back lower to the .6754 area.

A break of the RSI trendline will tell us that this leg up from the .6850 area is complete. What it will NOT tell us is if there will be another leg higher before breaking down to the .6753 area.

#GBPJPY Daily #ElliottWave Count

2020-01-15T08:02:00.003-06:00

GBPJPY Daily Elliott Wave Count

I have been looking for a deeper pullback for the wave 2 but it may be a little premature. We could be in a 4th wave right now with a 5th wave up to complete the impulse wave up. If price reaches 135.76 it would invalidate this count.

GBPJPY Daily Elliott Wave Count

#EURUSD 4 HR #ElliottWave Count

2020-01-15T07:47:00.000-06:00

EURUSD 4 HR Elliott Wave Count

The Fib extensions are only showing a 1.1280 target up for this leg but we will see what happens.

EURUSD 4 HR Elliott Wave Count

#AUDUSD 4 HR #ElliotWave Count

2020-01-15T07:39:00.003-06:00

AUDUSD 4 HR Elliot Wave Count

Looks like the pair is working on (b) of the circle b correction. Waiting for the larger degree B wave correction to complete for a possible long trade.

AUDUSD 4 HR Elliot Wave Count

#AUDJPY 4HR #ElliottWave Count

2020-01-15T07:34:00.001-06:00

AUDJPY 4HR Elliott Wave Count

Not much has changed here as we wait to see is the pair is going to give us a deeper correction of the move up from the 70.000 area. Would love a correction into 72.00 for a long opportunity.

AUDJPY 4HR Elliott Wave Count

#GBPUSD 1 HR #ElliottWave Count

2020-01-14T12:37:00.001-06:00

GBPUSD 1 HR Elliott Wave Count

The impulse wave down still has a chance but needs to stay below the 1.30803 to remain valid. Above there and we may see a move above 1.3282 to complete the circle b.

GBPUSD 1 HR Elliott Wave Count

#AUDCAD 4 HR #ElliottWave Count

2020-01-14T10:11:00.004-06:00

AUDCAD 4 HR Elliott Wave Count

If you look at the daily chart the AUDCAD has been a series of Low Lows and Lower Highs for some time now. At the end of December price tried to retest on of the corrective Lower Highs and was rejected with a strong move lower. Price has now retraced about 50% of that strong move down and may be ready to head lower again.

Another thing to note is that the currency created a nice Ascending Triangle and broke down out of that with the recent spike down. This Triangle break measure to .8700 with a 161.8% extension of a possible 3rd wave measuring to .8660.

This could be a nice 2-1 trade here if you are interested and can trade the pair.

AUDCAD 4 HR Elliott Wave Count