Wed 27-03-2019
Hi everyone, hope you are all ok.
USDJPY
USDJPY has completed Wave iv today just above the highest of Wave i.
And now starting to move upwards for Wave v.
There are two resistances ahead for Wave v as target; 110.95 and 111.20 areas.
Tomorrow, once Wave v is completed I would expect Wave (ii) correction to retrace %50 or 62%Fib from Wave (i) in 3 waves.
60Mins
4Hours
Daily
Weekly
USDCAD
USDCAD Wave (iv) completed today and Wave (v) moved up in 4 waves so far, so I would expect the last internal wave of Wave (v) to carry the price higher next.
Once Wave (v) completes it would complete Wave 3(blue and the price should correct lower again for Wave 4(blue).
60Mins
4Hours
Daily
USDCHF
USDCHF is still moving sideways through a small trend (yellow) in a corrective manner.
Although most indications are pointing that the price still will be heading down towards the lower long-term trend line again to complete Wave [ii] at the %62 Fib retracement (best shown in the 4Hour Chart).
60Mins
4Hours
Daily
EURUSD
EURUSD is still moving lower slowly in the last internal wave of Wave (v).
Once Wave (v) finds a bottom, probably at the next level of support at 1.1216 it will complete Wave 1 (blue).
Wave 2 correction should then take form of 3 Waves to the upside towards the yellow trend again and then Wave 3 should show impulsive waves to the downside again.
60Mins
4Hours
Daily
EURCHF
EURCHF is lingering around the 0Fib level of retracement, to complete Wave [ii].
(any move lower would invalidate the current count and I would have to rethink the long term counts)
Although little faith on this count now, as this count stands, from Wave [ii] completion I expect to start seeing impulsive waves to the upside which would offer an opportunity to enter Wave [iii] to the upside.
60Mins
4Hours
Daily
EURGBP
EURGBP is showing to have completed Wave v, hence completing Wave i.
Now Wave ii correction is taking place, back towards previous trend line (light-blue) and %50 / %62Fib levels.
Once Wave ii correction is completed, Wave iii (of Wave (iii)) should move impulsively downwards.
60Mins
4Hours
Daily
Weekly
GBPUSD
GBPUSD although has not shown much price action either today and just moving sideways (sign of correction) is still showing further moves upwards on current Wave c to complete Wave 2(red) towards the upper yellow trend.
The alternative count is for an already completed Wave 2(red) which will be triggered if the price now breaks through the lower yellow trend line and confirms that Wave (i) is already underway.
Further moves up would be expected for the current Wave c towards t
60Mins
4Hours
Daily
AUDUSD
Daily & 4Hour Charts:
AUDUSD 4Hour Chart is showing the price raising from the neckline of a clear Head & Shoulders pattern which is suggesting Wave (iii) could be finally making its way up.
Still not out of the woods yet, so further moves lower than this neckline would trigger the alternative count for an extended Wave [ii] going towards the %76 levels of support, although it is still possible an extended Wave [v] or even a further extended Wave 5, with not much resistance levels to stop the move down (best seen in the 4Hour and Daily charts) .
Hourly Chart:
The 60Min chart shows to ha completed a large Wave 2 correction for Wave iii, which suggest that Wave 3 now should continue the impulsive moves higher towards the 0.7200 area if this count is to be valid.
It has moved further up but still needs to pass resistance levels around 0.7150.
Further moves lower than the lowest of Wave 2 would invalidate the current count and start giving indications that the alternate counts (best shown in the 4Hour and Daily Charts) could take place instead.
60Mins
4Hours
Daily
Weekly
All the best for everyone.
Andres
Trading Waves .org
