Forex Trading Strategies AUDUSD Elliott Wave
Leading Elliott Wave Technical Analysis For AUDUSD.
We are now in an Impulse wave downwards expect a three wave counter trend before the trend continues down

AUDUSD 1 Hour Chart Elliott Wave

Tuesday, 1 November 2011 at 8:35:00PM AEST

Australian dollar is one of the weakest after RBA cut rates to 4.5%. Notice that move from the top has unfolded in five waves, so technically speaking top is in place, and pair will fall much deeper. For now we are monitoring two counts, but as things stand right now, we really like the first one! Incomplete impulsive decline with wave four pull-backs still to come! In such case 1.0506 should not be reached!

AUDUSD 4 Hour Chart Elliott Wave

Tuesday, 1 November 2011 at 6:50:00PM AEST - pair turned bearish

Aussie reversed impulsively from the pick, and is now trading very close to previous wave A) highs. An overlap here will be just another evidence and confirmation for current bearish reversal. We definitely expect more weakness in coming sessions, with at least 3-waves on the downside. Currently, pair still failing only in 1st leg of that pull-back.

Currency Trading | Forex Trading Report
Elliott Wave Aud/Usd 1 Hour Chart
it seems that wave (iii) reached a bottom after a minor recovery seen over the past two sessions, which appears to be a start of a three wave corrective move in blue wave (iv). Wave four usually retraces into a territory of a wave four of one lesser degree, so more upside could be seen in the next two sessions, potentially above 0.9800, before trend reverse lower again.
Larger trend remains down, while prices trades below upper channel resistance line!

Thursday, 24 November 2011 at 6:33:00PM AEST

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Technical Analysis Elliott Wave Eur/Usd 1 Hour Chart Currency Trading
Forex Trading Euro is in a recovery mode from 1.3211 mark, when an impulsive fall from 1.3568 found the bottom. As such, the minimum expectations for the near-term is a 3-waves of a recovery, primary labeled in a wave (ii) towards 1.3400; wave four territory of a one lesser degree! Currently, we coudl be in wave a), so waves b) and c) yet to come.
The other more complex wave count is w)-x)-y) correction while we we are above!
Monday, 28 November 2011 at 7:00:00PM AEST

Forex Technical Analysis AUDUSD 97.10
TradingLevels: If 1.00 develops support then this is a bullish picture, the wave counts suggests a rally to 1.00 then down again, but we have to trade off support and resistance.
Elliott Wave: Despite a quite strong recovery in the past sessions, we still believe that larger trend is down on Aud/Usd, and that downtrend will resume in the coming sessions. In fact, we have only 3-waves up and also gap that needs to be filled. As such, we expect that current wave 4 will find resistance in the near-future, which must not rise above 1.0055 critical/invalidation region
Trading Strategy: A little like the Euro’s move down, the move down here from the SG2 9972 to 99 is in five waves, so a abc counter trend bounce off 99 then down again through the 99, how far will the bounce be is tricky to say, however there is resistance at 9920 and 9950 Midpoint, you know if the price finds support on top of group1 9930 then the price will end up at the Midpoint

AUDUSD Elliott Wave Chart

Aud/Usd 1 Hour Chart
Monday, 28 November 2011 at 7:20:00PM AEST

Despite a quite strong recovery in the past sessions, we still believe that larger trend is down on Aud/Usd, and that downtrend will resume in the coming sessions. In fact, we have only 3-waves up and also gap that needs to be filled. As such, we expect that current wave 4 will find resistance in the near-future, which must not rise above 1.0055 critical/invalidation region!

Technical Analysis - Currency Trading - Elliott Wave

Forex Trading Elliott Wave USDCAD 1 Hour Chart
Tuesday, 29 November 2011 at 7:22:00PM AEST
Elliott Wave count USDCAD, a bearish reversal is still unconfirmed and the reason is the wave structure from the peak, which is not in five waves...yet! But it seems that current slow price action is a wave iv) and that wave v) will reach new lows very soon. In such, case we will call a temporary top for the pair at 1.0524 and we will focus on more weakness in days ahead.

Forex Trading Elliott Wave USDCAD  4 Hour Chart
Tuesday, 29 November 2011 at 5:58:00PM AEST
-trend slows down
Elliott Wave count USDCAD  reversed sharply lower yesterday, after prices found the top on Friday exactly at the upper channel resistance line. We know that this usually occurs in a corrective advance, and not impulsive wave structure. As such, we really need to consider a potential break lower, but not until we see a fall through the lower support line of a corrective channel! Only a decisive break of 1.0520 puts bulls back into action!

Forex Trading Elliott Wave USDCAD  Daily Chart
27 November 2011 USDCAD
-looking higher while above 1.02
Elliott Wave count USDCAD  could be trading in very complex but still incomplete corrective pattern from late July, since pair fell in 3-waves from 1.065 highs. As such, move from those highs was corrective, labelled as wave X) on the chart, especially after a broken downward channel resistance line. Since then market is trading very nicely higher as expected; now approaching October highs that should be taken out in current Y) wave, while pair trades above 1.0200 supports. Only a move back below that level will suggests that bears are in control.

Intraday Elliott Wave EURUSD Currency Trading Strategies

Eur/Usd 1 Hour Chart
Monday, 5 December 2011 at 6:40:00PM AEST

Euro found the support on Friday, and is actually on no-mans land since then, as we see possibilities for two wave counts while short-term 1.3393 support holds. On the left we are looking for an expanded flat in wave X, where bullish trend should be seen back above 1.3530.

But if 1.3393 support is out then more downside will follow in B wave from wave A peak.

We see more possibilities for the wave count shown on the right. Why? because zig-zags are more common than expanded flat!

Forex Trading: Elliott Wave EURUSD Currency Trading Strategies

Forex Trading: Elliott Wave EURUSD Currency Trading Strategies

Forex Trading Strategies Elliott Wave AUDUSD

Elliott Wave AUDUSD 1 Hour Chart

CFD Forex Trading Strategies Elliott Wave Count EURUSD

Eur/Usd 4 Hour Chart
Friday, 9 December 2011 at 5:40:00PM AEST

-sideways

Even after yesterdays fall on Eur/usd, the price action from Nov 25 still looks unclear and very choppy. We also do not have any strong evidences which would confirm immediate, further weakness on this pair. As such, pair simply may still be trapped in sideways price action; incomplete corrective wave 2), with wave B in progress towards 1.3200. Only a decisive break of that level will suggest that pair is going much deeper!

Curreny Trading AUDUSD Elliott Wave Trading Strategies

Aud/usd 1 Hour Chart
Friday, 9 December 2011 at 7:10:00PM AEST

A sharp decline yesterday suggests that we have temporary top in place on that pair around 1.0378!. In fact, decline can be counted in five waves in red A), which confirm a bearish interpretation. As such, we weakness should continue after three waves of a pull-back in B) wave.

Technical Analysis Forex Trading GBPUSD Elliott Wave

Gbp/Usd 1 Hour Chart Elliott Wave

Cable reversed very nicely on Friday after a spike up to 1.5743 which appears to be a wave (E) of a fourth wave triangle. If thats the case, then prices shoudl now continue lower impulsively, towards 1.5460 projected Fibo level.

Currency Trading US Dollar Technical Analysis

Currency Trading

US Dollar CFD: 80.50
The shorter trend to count is the move up from 78 which should top out at 81 or 82 and fold back to 80 checking for support, start counting the waves up from 78 I think the current high is nearly the top of wave three, so a four and five to  go then a larger pull back towards 80, I know I’m a little loose here with prices, it’s just that the Euro is so news driven waves can extend or contract form market intervention, it’s not the normal psychological flow, we see this a lot with the yen

Forex Trading report AUDUSD Elliott Wave TradingLevels - Peter Mathers

AUDUSD 0.9930
TradingLevels: The Euro is will find support on 130 and the AUD on 99, the TL1 | 1.00 hasn’t been retested yet, which is normally done from the 99 and the 98.  The 98 is the first MinorLevel and is also lower trend line support, so consider it the main support below the 1.00
Elliott Wave: Wave C of Triangle (E) below 1.00 (see 4 Hour Chart)
Trading Strategy:  Continue to scalp through the sublevels while around 1.00

Forex Trading

CFD Forex Trading Report AUDUSD

AUDUSD 0.9980
TradingLevels: The retest of 1.00 is still under way and it’s from being a little patient here, if the price finds support on 1.00 then scalp long and if the 99.72 becomes the retested resistance then look for short trade set ups.
We also have to expect in the slightly bigger picture for the price to spend time swinging across 1.00 in the 103 – 98 range, the reason for this assumption is the larger triangle pattern back from September as it has lower highs and lower highs basically driving the price into 1.00 it will in time come out from 1.00 and that’s the trend we need.
Elliott Wave: Wave C of Triangle (E) below 1.00 (see 4 Hour Chart) A move above 1.0030 creates a larger corrective and a different wave structure, we will talk about this if it occurs
Forex Trading Strategy:  Continue to scalp through the sublevels while around 1.00

Day Trading: Technical Analysis US Dollar

Currency US Dollar CFD: 80.66
Technical Analysis
there’s not much movement in currencies or Indices. 
The Dollar is basically going to stick to 80 TL8 and for a solid trend up would come from a support off the 80, it is very early days yet, the price is still working through the first high above the level TL8. Drilling down into the first high above the level, the price should make another high above the last high then fold down to 80. If you are going to trade it long then you would have to wait for 81.00 to develop as support with stops under the SG2 {80.65|80.72|80.80} without this support the price has bias to fold back to 80 from under the 81.00. You should also consider working longs through SG1 in the right way, that is scaling in through SG1, this way the market is proving itself, sure it’s less profitable but its more profitable over the long run because you have control the exposure

Technical Analysis - Day Trading  - Elliott Wave

Elliott Wave AUDUSD 1 Hour Chart
Wednesday, 21 December 2011 at 7:15:00PM AEST

AUDUSD extended gains nicely towards previous wave X) highs as highlighted in our video yesterday. Move as we can see is very extended and sharp, typical wave three personality of an impulsive structure. As such, any deep pull-back in the near-future will be wave 4, likely of 3).



4Hour
Elliott Wave AUDUSD 4 Hour Chart
Wednesday, 21 December 2011 at 5:17:00PM AEST

-corrective wave E) done

A sharp rally in the past 24hours definitely suggests that Elliott wave E) is done and that this pair is headed higher towards and above 1.0378 region. As such, we believe that rise is impulsive from the most recent lows, because of the price personality; sharp rise, uptrend acceleration is short period of time.

Ideally, pair could reach 1.05 in coming days and weeks.

Daily
Elliott Wave AUDUSD Daily Chart
19 December 2011
-wave IV triangle near completion

Aussie traded lower in the past week after reaching a top at 1.0382 area, where we called end of a wave (D). From there price moved lower quite slowly so we are very confident that pull-back is corrective, and ideally wave (E), final leg of a contracting triangle. If that’s the case, then bullish reversal should occur, while 0.9658 support holds.

We know that Elliott Wave Triangles can be very tricky patterns, because they can occur in wave Aussie traded lower in the past week after reaching a top at 1.0382 area, where we called end of a wave (D). From there price moved lower quite slowly so we are very confident that pull-back is corrective, and ideally wave (E), final leg of a contracting triangle. If that’s the case, then bullish reversal should occur, while 0.9658 support holds.