Elliott Wave Analysis For USDCHF & AUDUSD Intraday


On USDCHF we are looking at the very similar wave count, the only difference is the sub-structure of wave four. We are looking at a three wave decline with a triangle placed in wave b from where wave c could fall down to 0.8960 area. In that region you will find former wave four, 38.2% as well as wave c=a equality level. So it’s ideal zone for a new bounce in price. But generally speaking we see USDCHF going higher, either from here or from 15 pips lower.
USDCHF 1h Elliott Wave Analysis
usdchf intraday
AUDUSD was moving slightly lower during Asian hours but then found a support 5 pips away from the low and now again back at 0.9390 figure. 0.9390/0.9410 remains a nice region from where downtrend may resume. On the other-hand, we may start tracking a different count if we will get any decisive push above 61.8%.
AUDUSD 1h Elliott Wave Analysis

audusd intraday

Interested in our analysis? Get now 1 month of full service for just 1€. http://www.ew-forecast.com/service

Previous articleCAN Data (7/18); USD/CAD Trading at Trendline Resistance
Next articleUSD-Pairs Testing Recent Boundaries for Breakout
Gregor Horvat first made his name in Slovenia and has become world famous in the forex market since 2003. He is both a trader and a technical analyst who offers trading strategies on the Fibonacci and Elliot Wave principle. His main focus is on currency pairs, U.S. stock market, gold and oil. Gregor Horvat found the forex service offered on http://www.ew-forecast.com/. This website provides traders technical analysis, while putting emphasis on behavioral patterns. These are derived from the Elliott Wave Principle (EWP). Traders who are interested in the entry and exit positions, and he probability of the former and latter follow the EWP on a regular basis.