Elliott Wave trading analysis with signals

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Elliott Wave technical analysis with trading signals for NZDUSD, AUDUSD, USDJPY, DXY, EURUSD by Igor Tereshchenkov

 

DXY

 

A week ago I was waiting for the development of an upward correction in the wave “iv” or wave [ii] and it is just happening now. If this is “iv”, then the current extreme point may turn out to be the last in the framework of alternation with the wave “ii”, we need a triangle a flat (which are running). If it is a wave [ii], which is slightly less likely, then the uptrend will continue to at least the area of gray fibs. Let me remind you that for wave “iv” the minimum condition by guidelines is to shift sideways/upward of the blue channel.
To summarize, then the next week is likely to begin a moderate weakening of the dollar than the continuation of its strengthening.
 

DXY Elliott Wave analysis

 

USDJPY

Unfortunately, initials from the update of the general picture a week ago did not allow us to enter the short by limit orders so far. But there is no need to be upset – a breakdown of the orange level will confirm that the wave [ii] is not complete yet, and if that is the case, then the limit order from 38% fib will definitely work. Well, if not, then we will short the pair next week on the market, the stops are quite clear – the end of the second waves

 

 
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AUDUSD

The situation is completely similar to the New Zealand dollar (all of a sudden!). It is likely a triangle with an exit up, as there. Perhaps at the beginning of next week, I will take a long on these pairs.

 

NZDUSD

Everything that I wrote about the New Zealander a week ago is relevant. Unless potential wave [iv] could take the form of a triangle. From which I would like to see a way up. Induration, the ratio [ii]/[iv] is already on the verge of critical. If there is a way down from the triangle, then the markup will be erroneous.

 

 

 

EURUSD

 
I decided to add a count with a potential leading diagonal in a downward direction to the chart of the overall picture. In principle, while all this may still turn out to be a wave of “iv” or [4], but this hypothesis must be confirmed by rapid growth already at the beginning of next week. The duration of such a fourth wave with respect to any second wave raises questions.
If anyone really wants to trade, then you can take long trade with a target to green fib.
 
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Analysis by Igor Tereshchenkov @EightyNineWaves

 

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