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AUD/CAD Elliott Wave Count

Daytrader21 Przesłano 15 Sie jako Analiza AUD/CAD, Cel: 0.9344, Data: 1 z Październik, 12:00 GMT  w #Technical analysis #AUD/CAD #Elliot Wave #Psychological Number #Zig Zag Pattern #Fibonacci Level
Based on the Elliott Wave analysis AUD/CAD is headed much more lower (see Figure 1). We're in a very complex corrective pattern which suggest lower price in the weeks and months ahead.Right now we're forming a double zig-zag pattern of lesser degree which is based on the wave X connector of higher degree which should end near the 50 fib retracement at around the 0.8000 big round number.
Major Levels to watch:
[list][/list]…
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9 Komentarze
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Daytrader21 avatar
Daytrader21 30 Wrz

Update 5: Right now we have retested the resistance level at 0.9380 but we have gone up until the round number 0.9400 and beyond, however if we can't get a daily close above this level we can turn back and retest support level at 0.9320.

WallStreet6 avatar
WallStreet6 30 Wrz

Great forecast! One day to go and less than 100 pips away. It can still get closer! Too bad the Aussie came back above 0.70. I was also anticipating further depreciation of the Aussie.

Daytrader21 avatar
Daytrader21 30 Wrz

Update 6: As expected we close below the round number 0.9400 as well as below key resistance level 0.9380. Currently we're trading only 16 pips away from my target and tomorrow trading range looks straight forward as we have resistance at 0.9380 which I'm expect to be retested and from there to be heading down towards support level of 0.9320. My forecast price is right in the middle at 0.9344

WallStreet6 avatar
WallStreet6 30 Wrz

This is really close to your target. You should make a nice win with this one. Good Luck!

Joe_Vulcan avatar
Joe_Vulcan 15 Paź

Elliot waves are the most accurate forecast tools. Can't live without them.

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AUD/CAD Elliott Wave Analysis

Daytrader21 Przesłano 30 Cze jako Analiza AUD/CAD, Cel: 0.9520, Data: 3 z Sierpień, 12:00 GMT  w #Technical analysis #AUD/CAD #Elliott Wave #Psychological Number #Zig Zag Pattern #Fibonacci Level
Based on the Elliott Wave analysis AUD/CAD is headed much more lower (see Figure 1). We're in a very complex corrective pattern which suggest lower price in the weeks and months ahead.Right now we're forming a double zig-zag pattern of lesser degree which is based on the wave X connector of higher degree which should end near the 50 fib retracement at around the 0.8000 big round number.
Major Levels to watch:
[list][/list]…
Czytaj więcej
Przetłumacz na Angielski Pokaż oryginał

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6 Komentarze
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Daytrader21 avatar
Daytrader21 15 Lip

Update 2: This morning we have just touched our target at 0.9520. However this may be just a false breakout  as we're still moving inside a range zone between 0.8400 support zone and 0.8500 big figure and resistance zone

Daytrader21 avatar
Daytrader21 19 Lip

Update 3: This pair has found resistance at 0.9620 but the fact that we couldn't break and close below the big round number 0.9500 it can suggest that we can see another retest of current high at around the 0.9600 level before to resume down and heading back towards our target at 0.9520

Daytrader21 avatar
Daytrader21 26 Lip

Update 4: We're still trapped inside a wide range between 0.9400 support level and 0.9630 resistance level. Last week sell of stopped right at big round number 0.9500 and we couldn't break below it, this means we should see another attempt to retest previous high at 0.9600 before moving down again.

WallStreet6 avatar
WallStreet6 1 Sie

great use of Elliot's waves and Fibonacci- my fav instruments!

Mariia avatar
Mariia 2 Sie

good analysis Daytrader21

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AUD/CAD New Trend in the Making

Daytrader21 Przesłano 30 Maj jako Analiza AUD/CAD, Cel: 0.9245, Data: 1 z Lipiec, 12:00 GMT  w #Technical analysis #AUD/CAD #Audcad #Elliott Wave #Psychological Number #Zig Zag Pattern #Fibonacci Level
Based on the Elliott Wave analysis AUD/CAD is headed much more lower (see Figure 1). We're in a very complex corrective pattern which suggest lower price in the weeks and months ahead.Right now we're forming a double zig-zag pattern of lesser degree which is based on the wave X connector of higher degree which should end near the 50 fib retracement at around the 0.8000 big round number.
Major Levels to watch:
[list][/list]…
Czytaj więcej
Przetłumacz na Angielski Pokaż oryginał

Gdy nie jesteś zalogowany, nie wiemy jakim językiem się posługujesz, lecz przypuszczamy iż jest to Angielski
Zarejestruj się lub wybierz inny język do tłumaczenia z listy.

– lub –

3 Komentarze
Daytrader21 avatar
Daytrader21 14 Cze

Update 1: We have yet to break below they key support level and previous swing low at 0.9400. However because this level has been retested for so many times it has been weakening and it should soon start to give up. First we need a break below key big figure 0.9500 before to see the downside momentum to build up

Daytrader21 avatar
Daytrader21 19 Cze

Update 2: We have still not brake below 0.9400 major support level. However the upside seems caped at 0.9550. We should see more downside next week and another attempt to break the key support.

Daytrader21 avatar
Daytrader21 26 Cze

Update 3: The market was still unabled to break below key resistance level of 0.9400 despite multiple attempts to break below. However Friday's daily candle looks very promising that a breakout could happen as soon as Monday

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