TradingWaves | Elliot Waves Analysis | Price

Chart Analysis

Mon 21-01-2019



USDJPY

USDJPY still seems to be going through Wave iii of Wave [iii] towards Resistance levels made at the previous Wave [iii] lowest.

At that point we can expect a correction in Wave iv before another move up with Wave v to complete Wave [iii].


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USDCAD

USDCAD still seems to be going towards the 200EMA (4Hour-Chart) into a smaller Trend range.
An impulsive rejection from the 200EMA might start the last move towards the lower longe-term Trend line


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USDCHF

USDCHF seems to be still going through Wave iii of Wave (iii), although soon should be expected a Wave iv.

Previous Wave (i) @0.9848 should serve as Support until Wave (v) is completed. 

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EURUSD


EURUSD seem to have finished Wave (i) down and now might be starting Wave (ii) towards Resistance levels at %50 or %61.8 Wave (i) Fib levels.

After Wave (ii) is completed we should expect another series of impulsive waves to the downside.


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EURCHF


EURCHF might be finishing Wave [iv] with Wave (c) at nearly the lowest of previous Wave [i].
If this is not the case the current count will need to be restructured.

As it is now, the current count signals for a new series of waves to the downside to start Wave [v].


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EURGBP

EURGBP is going through a Wave iv that appears to be a Flat Correction towards the Resistance levels made by the lowest of the previous Wave i @0.8905

Once complete, expect an impulsive Wave v down.


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GBPUSD

GBPUSD seems to have completed Wave i of Wave (i) downwards and now doing a small Wave ii correction before starts Wave iii that should break through the lower Trend line.

Bearing in mind there is still a posibility of a comeback to the upper trend line for an slightly more extended Wave [ii].


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AUDUSD

AUDUSD is starting to show more of a downtrend to what it supposedly can be called a Wave (ii) downwards, although the lack of price action makes this counts harder to identify.

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