TradingWaves | Elliot Waves Analysis | Price

Chart Analysis

Thu 24-01-2019



USDJPY


USDJPY seem to have finished Wave v of Wave (iii) with a Wave (iv) correction underway now, and there are two main levels of Resistance where this Wave [i] might end (pictured).

Once Wave [i] is completed we can expect a correction for Wave [ii].



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USDCAD


USDCAD; price still within the small trend created in Wave b and holding on sideways within the levels.

Still waiting for the move to the lower long-term lower trend...



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USDCHF


USDCHF is going through Wave (iv) now through .

Wave (iv) most provable end Support would be previous Wave (iv) @ 0.9913 or for an extended correction the previous Wave i @0.9893.

Wave (iv) should not go lower than the previous Wave (i) @9848.



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EURUSD


EURUSD
Started Wave (iii) with the first Wave i down hitting Support.

After a Wave ii correction we can expect tomorrow Wave (iii) to continue for another steep fall. 


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EURCHF


EURCHF appears to be going through Wave (iii) now and we could expect some Resistance at the top long-term-trend level as part of Wave (iv).
Once the price goes through the long-term-trend again will confirm Wave (iii) and we can expect further moves down towards the lower long-trend level.


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EURGBP


EURGBP might be just about to complete Wave (i) and do a small correction on Wave (ii) before going through the lower trend and support continuing towards 0.8300 levels. 


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GBPUSD


GBPUSD might have started Wave [iii] with a small Wave i down and now going through a possible Wave ii.

If this count is right and the alternative more extensive Wave [ii] is not triggered we should expect Wave ii to carry on lower and push through the lower trend tomorrow.



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AUDUSD


AUDUSD starting to pick up momentun on the downside towards Resistance and Fib Levels.

Once the price level reaches resistance and/or %50 or %61.8 Fib retracement levels, impulsive waves to the upside could indicate that Wave [iii] is underway.


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