Elliott Wave view in AUDUSD suggests that the bounce from 25 September 2020 low has ended in wave ((B)) at $0.7243 high. The internals of that bounce unfolded as Elliott wave zigzag structure where wave (A) ended...
Every trader that uses the Elliott Wave theory as part of their trading analysis knows that the strongest and longest of a impulse wave pattern is the wave 3. On October 8/2020 we at EWF advised our...
AUDUSD extended its downside movement from 0.7413 to as low as 0.7005. Further decline would likely be seen and next target would be at 0.6800 area. Near term resistance is at 0.7240, only break above this level...
AUDUSD broke below the rising price channel on the daily chart, suggesting that the upside movement from 0.5507 had completed at 0.7413 already. Further decline could be expected in a couple of weeks and next target would...
AUDUSD remains in the uptrend from 0.5507, the pullback from 0.7413 is likely consolidation for the uptrend. As long as the price is in the rising price channel on the daily chart, the upside movement could be...
AUDUSD stays in a rising price channel on the daily chart and remains in the uptrend from 0.5507. As long as the channel support holds, the upside movement could be expected to continue and next target would...
AUDUSD extended its upside movement from 0.5507 to as high as 0.7275. Further rise is still possible next week and next target would be at 0.7500 area. Near term support is at 0.7060, a breakdown below this...
AUDUSD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 0.6776 (Jun 15 low). As long as the trend line support holds, the upside movement could be expected to continue...
AUDUSD continued its sideways movement in a trading range between 0.7063 and 0.7242. The sideways movement is likely consolidation for the uptrend from 0.6776 (Jun 15 low), and further rise to 0.7350 area is possible after the...
AUDUSD remains in the uptrend from 0.5507. Further rise would likely be seen after a minor consolidation and next target would be at 0.7500 area. Near term support is at 0.7060, a breakdown below this level could...
