AUDNZD Stubborn Bears Finally Surrender

On December 30th, 2016, we published “AUDNZD Bears Weaker Than They Appear.” At the time of writing of that article, while the pair was trading near 1.0380, we thought the bulls should soon return and lift AUDNZD much higher. The reason for that optimism was the Elliott Wave analysis of the chart below. As visible,…

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AUDNZD Bears Weaker Than They Appear

If you have read our last ARTICLE about AUDNZD, you know we had a long-term bullish outlook on the pair two months ago. We still do. However, instead of up, the cross has been going down ever since and is trading around 1.0385 as of today. We know it could be difficult to stick to…

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AUDNZD’s Bull Party is About to Get Louder

AUDNZD was trading around 1.0460 on June 29th, when we published “AUDNZD to Throw a Surprise Bull Party”(see original article), where we shared our opinion, that, based on Elliott Wave analysis, we thought the pair is suitable for long-term buys, as long as 1.0019 was safe. Currently, AUDNZD is trading around 1.0650, after climbing as…

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AUDNZD to Throw a Surprise Bull Party

AUDNZD climbed as high as 1.1332 in March, but thing did not go very well for the bulls, who lost control and allowed the bears to sink the pair to 1.0408 as of June 9th, 2016. Just as it was all looking bullish three months ago, it is all looking bearish now. And that is why…

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AUDUSD: Happy Giveaway Subscribers

AUDUSD is trading above 0.7550 after recovering from the bottom at 0.7144 registered on May 24th. A rally of more than 400 pips is surely making the bears nervous, especially following the sharp sell-off from 0.7835. This is an excellent example of the fact that traders should never rely solely on the continuation of a trend,…

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AUDUSD Ahead of the RBA Decision

AUDUSD was flying above 0.7830 just two weeks ago. On April 21st the pair rose to 0.7834 and everything was looking as if sky was the limit for the bulls. Today, May 4th, AUDUSD plunged to 0.7460 so far. According to the majority of experts, the obvious explanation for the current weakness is the surprising…

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EURAUD to the Target and Beyond

It was March 23rd, when “EURAUD Could Be Aiming At 1.51” was published. The purpose of that article was to determine which one of the two extremes – 1.4465 or 1.5085 – was more likely to be broken first by EURAUD. As usual, we decided to trust the Elliott Wave Principle and apply it to the price…

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EURAUD Could be Aiming at 1.51

The EURAUD pair has been in a downtrend for a month since February 11th. Then, on March 10th, the bulls woke up with a bang and lifted the exchange rate from 1.4465 to 1.5085 in just five hours. Today, EURAUD fell to as low as 1.4662, before climbing above 1.4850 so far. Which of the two…

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EURAUD Is Waiting for Confirmation

EURAUD has been steadily declining since February 11th, when the pair climbed as high as 1.6250, before eventually reversing to the south. Currently near 1.5250, there seems to be no shortage of signs that another significant reversal might occur soon. Let’s examine the hourly chart of the exchange rate, in order to visualize the Elliott…

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AUDJPY Preparing for the Next Sell-Off?

AUDJPY, currently trading around 81.25, has been rising since February 11th, when the pair touched 77.58. What should we be thinking about this recovery and how high could we expect it to travel? In order to be able to answer this question, we will apply the Elliott Wave Principle to the hourly chart of AUDJPY,…

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AUDJPY to Extend The Corrective Recovery

While the big picture outlook in AUDJPY remains clearly to the south, the smaller time frames may offer some short-term bullish swings. Elliott Wave patterns could be found on all degrees of trends, which gives us the opportunity to examine the 15-minute chart, in order to see if we could recognize something. It looks like…

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AUDJPY To The Target And Beyond

It was November 11th, when we published “AUDJPY To Regain Intraday Positive Bias?”. In that article the Elliott Wave Principle helped us come to the conclusion we should expect a significant recovery in AUDJPY. The next chart shows how the forecast looked like 11 days ago. This chart was all we needed to form our…

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AUDUSD, Just One Day Later

Yesterday we posted an article, called “AUDUSD Bulls Aiming Higher”. We thought the pair has the potential to grow, because we recognized something on its 15-minute chart. A five-wave impulse to the upside, followed by a three-wave retracement. See it below. We saw a nicely-looking 5-3 wave cycle. According to the Elliott Wave Principle, the…

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AUDUSD Bulls Aiming Higher

Elliott Wave patterns can be found on all degrees of trend, even on the smallest time frames. The AUDUSD exchange rate seems to be giving us a good example. If we take a look at its 15-minute chart, we could see something very familiar – a 5-3 wave cycle. As the chart shows, AUDUSD rose…

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AUDJPY To Regain Intraday Positive Bias?

The Elliott Wave Principle is a forecasting method, based on chart analysis. It postulates that trends move in recognizable patterns, called waves. A five-wave impulse, which indicates the direction of the trend, is followed by a three-wave retracement in the opposite direction. When this 5-3 wave cycle is over, the trend resumes. The pattern could…

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