Tuesday, 15 July 2014

AUDUSD plunging

Hi Traders,

The AUDUSD (now at 0.9368) resumed its downtrend after the last rebound to 0.9454, as predicted. Initial targets: 0.9331-0.9324 and 0.9220-0.9198

TARGETS:

likely: 0.9331-0.9324
possibly: 0.9220-0.9198
maybe: 0.9083

ELLIOTT WAVES

As displayed in the weekly chart the AUDUSD is unfolding the 5th wave to complete wave "e". This wave could reach the area 0.8419-0.8303 and lower.

BEST ENTRY

Around 0.9375-78 if it bounces back a bit.


monthly chart - click to enlarge







weekly chart - click to enlarge







daily chart - click to enlarge







wave oscillator over the daily chart - click to enlarge







4-hour chart - click to enlarge







1-hour chart - click to enlarge 


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