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AUDUSD
AUDUSD: 0.650 Likely To Complete Correction
The AUDUSD structure shows a bearish impulse consisting of waves ①-②-③-④-⑤.
The first four parts of the primary degree pattern appear to be fully completed.
At the time of writing, the intermediate wave (1) of ⑤ is complete.… Read More
AUDUSD: Correction in Wave ④ Hints At Impulsive Leg
The current bear market on AUDUSD shows a primary degree ①-②-③-④-⑤ move. The 5-wave substructure is part of an impulsive cycle degree a-b-c correction, and particularly of wave c.
The recent upside from the 55c. lows show a bullish… Read More
AUDUSD – Correction Continues Higher
The bigger picture is the loss of 0.6705 base support and the plunge thereafter. The pair printed a low of 0.5510, losing almost 1,200 pips.
Currently, the pair is up on a bounce which is likely to continue this week.
The daily chart… Read More
AUDUSD: 0.648 Likely to Complete Major Bearish Trend
The current AUDUSD structure hints that a major bearish trend is forming in the market, consisting of primary sub-waves ①-②-③-④-⑤.
After the completion of the primary wave ④, the market continued to move down in a new bearish impulse ⑤,… Read More
All Points to Stronger Dollar!
Dollar continues attracting investors as no other option seems to be offering a good payoff. Euro and yen are weakening on poor macros, whereas pound, despite the UK printing better numbers than the EU and Japan, is hanging on Brexit. With… Read More
China Remains Locked Down
News around the virus are mixed as the Chinese authorities seem to keep the outbreak well contained, however, the spillover from a potential economic slowdown continues. The Chinese currency hit the 7 barrier, which makes an interesting… Read More
AUDUSD: Last Impulse Could End Near 0.7042
The current AUDUSD structure suggests that the market is forming the final part of the bullish intermediate zigzag (A)-(B)-(C).
It seems that minor wave 1 in (C) has already been formed. We are now likely to see a bearish zigzag 2, which… Read More