Hi everyone, hope you are all good.
USDJPY
USDJPY seemed to have started Wave iii up at the beginning of the day but it is still stuck in a trend channel.
If the lower trend is broken I would expect Wave ii to continue towards the &61 Fib Level.
If the upper trend gets broken it would confirm Wave iii is underway towards resistance levels at 111.40.
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USDCAD
USDCAD made a very impulsive Wave iii and almost stopped at the highest of previous Wave b.
I would expect next to carry out a corrective Wave iv and once it is completed Wave, next week, Wave v should probably aim at previous Wave b Resistance levels (1.3375 area).
60Mins
4Hours
Daily
USDCHF
USDCHF seem to be stuck on Wave ii within a trend channel; The break out I would expect to be up to complete this Wave iii, as it has great levels of support from Wave v and Wave i (white) @0.9990 area.
60Mins
4Hours
Daily
EURUSD
EURUSD moved pass through the lower trend line with ease and, although a Wave iv is due, it seems that the correction it is going to be very small before it hits the lower levels of support made by previous Wave (i).
At this point (1.1287) we should expect Wave i (pink) to be finished and a corrective Wave ii to start developing towards the %50 or %60 Fibonacci reatracement levels (between 1.1400 and 1.1427).
60Mins
4Hours
Daily
EURCHF
EURCHF has made a very quick correction for Wave [iv] and it is about to hit the previous trend level and levels of support created by previous Wave [i] @1.1340
A cross over that point (@1.1340) would invalidate the current count and would have to asses the count again but the next level of support would be the next trend line (blue).
A bounce over that point (@1.1340) with impulsive fashion would suggest Wave [v] is underway.
60Mins
4Hours
Daily
EURGBP
EURGBP failed to cross the highest of Wave 3 to complete Wave 5 / Wave c / Wave (ii) and then it dropped to the first level of Support for Wave 1 (yellow) of Wave i (blue) and now Wave 2 should do a small correction towards resistance and %50 Fib retracement.
Once Wave 2 is completed Wave 3 should do another impulsive move down towards the resistance levels between 0.8682 and 0.8654.
60Mins
4Hours
Daily
Weekly
GBPUSD
GBPUSD; I have tidy up the count and, as per current count, Wave iv correction started on the way up towards Resistance levels and the 200EMA.
Once Wave iv is completed we should expect Wave v to complete Wave (i) at the lowest Support @1.2830.
60Mins
4Hours
Daily
AUDUSD
AUDUSD is still moving lower today which if it carries on would make me reconsider the whole count.
As the current count stands I would expect the price to start raising to start Wave (iii) from this point and 0.7076 resistance to hold the price.
60Mins
4Hours
Daily
Weekly
All the best for everyone.
Andres
Trading Waves .org
