AUDUSD and USDJPY Intraday: Elliott Wave Analysis

By: Gregor Horvat | Mon, Aug 4, 2014
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Looks like new swing low is in the cards for USDJPY as rally from the low looks corrective because of only three wave rise and broken channel. Looking down into wave c) in the near-term, but larger trend is still up.

USDJPY 1h Elliott Wave Analysis

USDJPY 1-Hour Elliott Wave Analysis Chart

AUDUSD is recovering, I am looking for a three wave rally up in wave iv) that may stop around 0.9340. Ideally we will see a downtrend continuation from that levels. 0.9380 is invalidation level as wave four must not move into the territory of a wave one.

AUDUSD 1h Elliott Wave Analysis

AUDUSD 1-Hour Elliott Wave Analysis Chart

 


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Gregor Horvat

Author: Gregor Horvat

Gregor Horvat
www.ew-forecast.com

Gregor Horvat

Gregor Horvat, based in Slovenia, has been in the forex markets since 2003. He is a technical analyst and individual trader who has worked for Capital Forex Group and TheLFB.com. He also is founder of forex services on www.ew-forecast.com. EW-Forecast.com provides technical analysis of the financial markets, highlighting behavioral patterns based on the Elliott Wave Principle (EWP). Website: http://www.ew-forecast.com/

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austrian-money-supply/