CurrencyWaves

CurrencyWaves

This triangle for the Y wave of wave 2 is nearing completion. A move below .75576 and I would say it is done and a 3rd wave down is under way. Currently the pair is either completing an expanding ending diagonal c wave of e or it is a b wave of the blue b. A move above .77344 and a larger ending diagonal C wave could be in play and the triangle idea is out...

CurrencyWaves Updated 

#AUDNXD mat have completed A of (II) down and working on B up now, I would excpect the B wave to end as the RSI reaches the downtrend line.

CurrencyWaves Updated 

It looks like the EURGBP could continue the mover higher for some time yet. The continued move will be in a series of 4's and 5's so we should start to see divergence on the RSI.

CurrencyWaves Updated 

I believe the EURCAD is starting a wave 3 of C down with a target of 1.100 on the weekly chart. The invalidation point is the top of wave 2 at 1.4885

CurrencyWaves Updated 

The latest spike down should be the start of the 6th wave down. Would expect a move below 1.4250 soon

CurrencyWaves Updated 

Divergence, bullish engulfing and a break of the RSI downTrend line. This could be the start of a retrace up to the 1.1050 area. Lets see what the end of day brings.

CurrencyWaves Updated 

Still looking for that B wave down before a C wave up. Notice the continued divergence on the RSI and we are at the trend-line again.

CurrencyWaves Updated 

With the RSI bouncing off the bottom trendline I believe C of the bullish triangle is complete. If D is underway then I would be targeting the 1.5500 area while 1.41275 holds. After D is complete then we should see an E wave down to complete the triangle followed by a C wave up. C wave target is 1.8500. An RSI break above the falling wedge and 50 RSI would...

CurrencyWaves Updated 

It is possible the this triangle will go on for a few more months and would be a Y wave triangle of wave 2.

CurrencyWaves Updated 

The 200 Day MA has been acting as resistance for some time now along with the down trend line. I do believe it will hold again and will be looking for shorts in the coming weeks. This consolidation looks like a 4th wave traingle in the works. Note the divergence on the RSI.

CurrencyWaves Updated 

With the consolidation over the last few days turning into a possible 4th or B wave traingle the USDJPY coud now spike up to the 106.00 area to finish pf the triangle.

CurrencyWaves Updated 

As noted on the previous weekly chart the pair may be starting a possible e" wave down of a triangle. If the count is correct a long in the .9700 area could be a nice buy with a target of 1.1500. If the RSI breaks the trendline I will be looking for a bounce in the 40 area.

CurrencyWaves Updated 

I believe we will see a new high toward 80.5 in the #AUDJPY before lower. There is a rising wedge forming that could b C of an ABC up as labeled or the entire move could be a C wave of a larger ABC. Eirther wat I am looking lower after the move up to 80.500 - 81.00. Plenty of support on the RSI 40 and 70 is acting as resistance as price moves lower after...

CurrencyWaves

The weekly Bullish count is looking for a 3 wave move down to complete an "e" wave of the "b" wave triangle. After the triangle completion the pair should have a pretty strong move up to the 1.15 area. The 1.15 target area has three measurements that complete in that area. (Y) = (W), c = a and the width of the triangle. A break of .94439 would invalid this...

CurrencyWaves

I wont rule out a deeper pullback from current levels followed by a run up to 1.02 but there is a good chance this is the top for a bit and we see a C wave down to the .9300 area before higher. The RSI is being rejected from the 65 area again and we have a rather bearish daily candle forming right now.

CurrencyWaves

Looking for a move higher from here with a target of the 120.00 area. An alt count would be a wave 4 triangle with a target of 118.00. I will be watching the RSI for clues as it reaches the 65.00 area.

CurrencyWaves Updated 

The move down on the #EURJPY looks complete and I am looking for a move back above 116.00 over the coming weeks. A break above the 60 RSI would be a nice sign of strength.

CurrencyWaves

Wave 4 could be complete here and heading higher above .92500. RSI has broken the downtrend line and has broken the last swing high. Look at the weekly count attached.