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AUDUSD
AUDUSD Bullish Trend Nears Terminal Point
AUDUSD seems to be forming a triple zigzag pattern consisting of sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ.
Primary sub-waves Ⓦ-Ⓧ-Ⓨ and Ⓧ are complete.
In the near future, we can expect wave Ⓩ to lead prices higher to 0.773.
At that level, wave Ⓩ will… Read More
AUDUSD Triple ZigZag in Its Final Leg
AUDUSD seems to be forming a triple zigzag in cycle wave b. The bullish pattern consists of primary sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ.
The current structure suggests that we are in the final wave. Wave Ⓩ is a standard zigzag (A)-(B)-(C) of the… Read More
AUDUSD Trend Poised to End Soon?
AUDUSD's pattern resembles a triple zigzag consisting of waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ.
The first four parts of the primary degree pattern seem fully complete.
Prices suggest that the correction wave Ⓧ has ended. This is a potential signal that… Read More
AUDUSD Impulse Not Finished Just Yet
AUDUSD seems to be forming a zigzag consisting of primary waves Ⓐ-Ⓑ-Ⓒ.
With waves Ⓐ and Ⓑ complete, we can expect wave Ⓒ to complete the bullish pattern soon.
Bulls have managed to complete minor sub-waves 1 and 2. We can expect the… Read More
AUDUSD Consolidation to Offer Breakout
Aussie bulls failed to break the descending trendline TR2 twice now. With bears having had an easier job against weakening bulls, a breakout of the ascending channel starting Mar 26 occurred on May 11.
A test of the short-term low at TR1… Read More
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