TradingWaves | Elliot Waves Analysis | Price

Chart Analysis

Mon 07-01-2019



USDJPY

Wave ii is taking long to pull down the c wave to complete before raising to start Wave iii

60Mins

4Hours

Daily




GBPUSD

I have changed the numbering to show the alternate count for GBPUSD which has been triggered today;
Showing a raise in 5 waves towards Resistance levels to complete Wave (c) of Wave [ii].

So once this Waves (c) and Wave [ii] finished, we should start seeing a series of impulsive waves down to start Wave [iii]. 

60Mins

4Hours

Daily





EURUSD

EURUSD current count would be invalid as soon as Resistance levels created by previous Wave c is passed and the alternate count drawn as an extended Wave[ii] would jump to place. 

60Mins

4Hours

Daily



EURCHF

EURCHF picture has not changed much as it is still developing Wave (b) of Wave [iv].

60Mins

4Hours

Daily




AUDUSD

I am still expecting a Wave (ii) Correction on the downside from what appears to be a very strong impulsive Wave (i).

60Mins

4Hours

Daily






USDCAD

USDCAD impressive impulsive series of waves to the downside on Wave (b) is making the trend levels much closer for a possible low-risk entry to take on Wave (c) towards the upside.


60Mins

4Hours

Daily







USDCHF

USDCHF trend is also best seen on the 4Hour Chart which is also taking course very rapidly on the donside towards trend Support levels for a low-risk entry.


60Mins

4Hours

Daily