Wed 30-01-2019
Hi everyone, hope you all had an excellent day and the Fed news didn't cause you too much disturbance.
USDJPY
USDJPY seemed to go through Wave (v) progressively until the Fed release news about keeping the interest rates as it is.
Which extended Wave (iv) towards support again and crossing the support by 30Pips.
The current count is still valid, although any further moves down would invalidate the current count.
60Mins
4Hours
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USDCAD
USDCAD is now touching on of the first long-term down trends and might aim for the second.
As soon as it creates the first impulsive moves up it would suggest the change of trend towards the top long-term trend-line.
60Mins
4Hours
Daily
USDCHF
USDCHF spike down today also extended Wave (iv), although it didn't triggered the alternative count for a lower Wave (iv) and I am still expecting Wave (v) to the upside to complete Wave [i] in the next sessions.
60Mins
4Hours
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EURUSD
EURUSD Wave (ii) reached the %76 Fib retracement on todays spike and that could be the end of Wave (ii) to the upside, although there is an alternative Wave [ii] count (best seen in the 4 Hour Chart) which can be triggered should the price goes higher than the 0 Fib retracement.
60Mins
4Hours
Daily
EURCHF
I have not gave up to the current count and I still believe possible the price to come down on Wave [e] to complete the triangle.
Further moves up would make me reconsider the whole count again otherwise.
60Mins
4Hours
Daily
EURGBP
EURGBP: Price action has not changed much since yesterday.
Looking at the impulsive Wave (i); suggests that Wave (ii) might not raise to the %50 or %62 Fib Retracement.
Wave (ii) is underway and so far it has develope a series of 5 waves for Wave a, sugesting that it would be a ZigZag Correction (5,3,5).
So we can expect Wave b down next, before Wave c completes Wave (ii).
Once Wave (ii) is completed, Wave (iii) should start the impulsive moves to the downside again.
60Mins
4Hours
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GBPUSD
GBPUSD has made the first impulsive moves to the downside where Wave iv is currently underway.
Tomorrow we should expect Wave v to have finished at the lower trend levels and a corrective Wave (ii) to take place before Wave (iii) breaks through the trend.
60Mins
4Hours
Daily
AUDUSD
AUDUSD has made the most impulsive move to the upside passing the highest of Wave [i] and, hence, confirming Wave [iii] is now underway into Wave (iii) of Wave [iii].
60Mins
4Hours
Daily
Weekly
All the best for everyone.
Andres
Trading Waves .org
