Thu 28-02-2019
Hi everyone, hope you are all ok.
USDJPY
USDJPY has shown now that it has completed Wave (ii) and, once again, showed me to stick to the counts (I shall not change them easily from now on).
Now is time for Wave i to carry on with its Wave 3 on the way up, and given the bullishness shown by the impulsive waves and shown on the 4Hour/Daily/Weekly Indicators, I would expect Wave i to complete at the next level of resistance (112.21 area) and only do a small correction before it continues the way up even further.
60Mins
4Hours
Daily
Weekly
USDCAD
USDCAD might still be going through Wave 2 correction and the current count remains valid, although Wave 3 up would not be confirmed until the highest of Wave 1 is crossed (at 1.3235) and the price gets out of the current inside trends
There is still a chance of the price to have another go at the lowest trend lines and, hence extend Wave ii.
60Mins
4Hours
Daily
USDCHF
USDCHF has finally completed Wave b of Wave [ii] and started Wave c to the downside with its first 2 waves also completed and now Wave 3 (blue) (of Wave c) should carry on lower again.
There are good levels of support for Wave [ii] to be completed around the %50 Fib Retracement.
Once completed it will start raising on impulsive waves for the start of Wave [iii].
60Mins
4Hours
Daily
EURUSD
EURUSD seemed to have completed Wave ii today at %62 retracement as it bounce down from that level and came out of the trend channel.
Further impulsive moves to the downside would confirm this count tomorrow.
(if the price enters back in the trend channel and makes further moves up, it would suggest a larger Wave (ii) and a break from the 0 Fib retracement would confirm such alternative count).
60Mins
4Hours
Daily
EURCHF
EURCHF has cancelled the count that I had and it is developing a complex correction for Wave [ii] instead.
Its price is heading towards the long-term trend (yellow) again and that would lead to the %50 or %62 Fib retracement.
Prices should start raising from there for Wave (i) start.
60Mins
4Hours
Daily
EURGBP
EURGBP has completed Wave (i) down and the price is now moving back up towards previous levels of support and possibly the %50 Fib retracement area.
Once Wave (ii) correction is completed we should see the impulsive moves to the downside taking over again as Wave (iii) starts.
60Mins
4Hours
Daily
Weekly
GBPUSD
GBPUSD price lows of today suggest to have completed Wave v (and higher degree Waves (c)/[c]/2), although I expect to see further moves to the downside with impulses that should cross the next levels of support downwards.
If price moves higher than this trend, it would suggest the completion of this waves at the next parallel trend formed with the highest of Wave (a) above the 1.3500 price.
60Mins
4Hours
Daily
AUDUSD
AUDUSD; once again, the current move after extended Wave (ii) completion seem to start picking up now to the upside on Wave 3 of Wave i going towards the first level of resistance made by previous Wave [i] at 0.7237.
The lower level of support at 0.7069 should not be crossed for this count to still be valid.
60Mins
4Hours
Daily
Weekly
All the best for everyone.
Andres
Trading Waves .org
