TradingWaves | Elliot Waves Analysis | Price

Chart Analysis

Thu 31-01-2019



Hi everyone, hope you all good.




USDJPY


USDJPY moved lower, invalidating the previous count and I have now updated to show an additional lower degree sets of Waves (i) and (ii) which seemed to have completed and now Wave (iii) underway towards top resistance levels


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USDCAD


USDCAD is now hanging on of the first long-term down trends and looks to be heading down for the second.

As soon as it creates the first impulsive moves up it would suggest the change of trend towards the top long-term trendline.



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USDCHF


Wave (v) does not look a bit confusing so tomorrow we will be able to determine if this wave will continue or a count review/alternative is triggered instead.


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EURUSD


EURUSD made the move down, after completing Wave (ii) at just over %76 Fib retracement and it has now completed a third wave down.
Tomorrow we should expect the corrective Wave iv to complete and Wave v to head towards the lower trend level area again.


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EURCHF


EURCHF has finally started the impulsive moves to the downside and it is now on Wave iii of Wave (i) towards the previous upper trendline again.
Tomorrow Wave iv should complete and Wave v should touch the trend line to complete Wave (i).


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EURGBP


EURGBP: Price action still has not changed much since yesterday.

Wave (ii) is still underway through what might be a nearly complete Wave b. So tomorrow would expect Wave C to aim higher towards resistance levels. 

Once Wave (ii) is completed, Wave (iii) should start the impulsive moves to the downside again.


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GBPUSD


GBPUSD seem to be nearly completing Wave iv.

Tomorrow we should expect Wave v to have finished at the lower trend levels and a corrective Wave (ii) to take place before Wave (iii) breaks through the trend.



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AUDUSD


AUDUSD has made the most impulsive move to the upside passing the highest of Wave [i] and, hence, confirming Wave [iii] is now underway into Wave (iii) of Wave [iii].

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All the best for everyone.

Andres