TradingWaves | Elliot Waves Analysis | Price

Chart Analysis

Fri 04-01-2019



USDJPY

I have changed slightly the numbering to what I see what most makes sense at the moment and I feel that there is gonna be a pull back as the end of Wave ii before raising to start Wave iii on a long term move up.

60Mins

4Hours

Daily




GBPUSD

GBBPUSD has raised more than I expected, which could invalidate this count to create room for a higher  Wave(c)/Wave[ii].
To make this count still valid, it should start making new lows from the open on the way down of Wave(iii).


60Mins

4Hours

Daily





EURUSD

EURUSD also has the posibility of a higher Wave(c)/Wave[ii], although I am more inclined to think that it is going to raise slightly towards Resistance (also around %76 Fib retracement of Wave i) to then start Wave iii to the downside.


60Mins

4Hours

Daily



EURCHF

EURCHF still looks like developing a corrective Wave[iv] upside and, given that Wave[iii] was a long wave, it might take sometime before it arrives to the resistance levels but probably worth waiting for a good move down on Wave[v].


60Mins

4Hours

Daily




AUDUSD

AUDUSD produced a nice impulse upwards on what it looks like a finished Wave(i) and Iam now expecting a corrective Wave(ii) on the downside towards the %50 or %%61 Fib Retracement of Wave(i) before it starts Wave(iii) on an impulsive move up again.

60Mins

4Hours

Daily






USDCAD

USDCAD has made an impulsive move to the downside towards the trend levels on what it looks like a long Wave(b) and probably worth waiting for on the raise towards Wave(c) - Best seen on the 4Hour Chart.

60Mins

4Hours

Daily







USDCHF

USDCHF trend is also best seen on the 4Hour Chart which is also taking course on the donside towards trend Support levels.
Might also seem a bit of a wait (maybe end of Jan or even February) but it seems like a low risk position at the end of WaveE as it turns up into the trend.


60Mins

4Hours

Daily