Elliott Wave technical analysis with trading signals for NZDUSD, AUDUSD, USDJPY, DXY, EURUSD
DXY
The dollar is consolidating just above long-term support. Now an expanded flat correction ABC is coming to an end with the DXY testing the key long-term support 93. The bounce should come from here for an extended long-term 5th wave. We are bullish on USD against 92.50 and we just have a good bounce continuation. A break above 93.50 would confirm the structure and the beginning of the long-term 5th upside wave.
USDJPY
Elliott Wave principle USDJPY expanding flat within larger ABC flat is still running and it seems to be in a 2nd wave of the impulsive wave higher. This is indicating a 104.40 as the key support for the invalidation of the pair upside continuation. We still, don’t have a break below 104.40, although is on a test for invalidation of the 3 rd wave to the upside. A confirmed break above the 106 is required for the upside extension and a test of 3rd wave beginning confirmation 109.500.
This article is so good, it's for premium members only.
Does that sound like you?
Go Premium to read full trading strategy with parameters of entry, stop loss, and exit. Why Premium?
Already a member?
LEARN ELLIOTT WAVE ANALYSIS IN COMBINATION WITH PRICE ACTION! CRASH COURSE 50% OFF!
