Elliott Wave technical analysis with trading signals for NZDUSD, AUDUSD, USDJPY, DXY, EURUSD by Igor Tereshchenkov
DXY
The dollar continued to weaken against the basket of currencies, as expected. The only problem how it is doing it. As in the previous week, we are falling in zigzags, which does not clarify the structure of the movement.
USDJPY
The sharp strengthening of the yen is not in a hurry to start yet, but the chances for it all remain. In general, everything that was written a week earlier is still relevant, but the probability has slightly decreased for the forecast due to the stretching of the count in time. Usually, waves [iii] are the most dynamic, not like this.
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AUDUSD
Changed the priority of counting. I hope that the current diagonal will turn out to be not the ending one, but the leading one, as part of the wave “5”. I hold the long on pair.
NZDUSD
Waves [i]-[ii]-(i)-(ii) in the composition of “5” continue to form. This means that we continue to wait for further weakening of the dollar against the New Zealander, too.
EURUSD
The uptrend, which was predicted two weeks earlier, continues. And as long as the critical levels are intact, which are marked with orange and red on the chart, nothing threatens this uptrend.
Analysis by Igor Tereshchenkov @EightyNineWaves
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