Elliott Wave technical analysis with trading signals for NZDUSD, AUDUSD, USDJPY, DXY, EURUSD by Igor Tereshchenkov
NZDUSD
Raised the degree of the emerging fourth wave from [iv] to “4”, since its duration is no longer comparable to wave [ii], but so far it is comparable to wave “2”. In general, I maintain a moderately bullish mood on the pair.
USDJPY
This week we have confirmed the flat in the wave [ii], so I decided to short it on 38%-50% fibs with a stop above 79% fib. If the price does not reach the limit orders, then I will enter sell-stop on the breakdown of the end of the wave “i” of (c) of [ii]. I continue to wait for the strengthening of the yen on all fronts.
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AUDUSD
Nothing happened this week, too, which could give a hint about which count to choose here. Also, as in kiwi, I raised the degree of the fourth wave. The form remained unchanged – a triangle. This triangle may well turn out to be downward initials. But it’s still a little early to think about it.
DXY
As a week earlier, the wave “iv” continues to form in the form of a triangle. If this is really it, then it is already showing the extreme point. If this point is broken (the orange level is broken up), then we switch to the alternative by which the wave [ii] is forming into the area of gray fibs.
EURUSD
Analysis by Igor Tereshchenkov @EightyNineWaves
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