Thursday, August 16, 2018

EURUSD Asian Elliott Wave Updates

EURUSD Asian Elliott Wave Updates


On a 5 mn chart the move down from 1.1409 looks like a clean 5 down that could be part of a Zig Zag for the B wave before the C up for wave iv.  1.1145 would be the target down for wave v.

EURUSD Asian Elliott Wave Updates
EURUSD Asian Elliott Wave Updates

$EURJPY Asian Elliott Wave Updates

EURJPY Asian Elliott Wave Updates


This could be a running flat here where the C wave does not go above the start of the A wave before turning lower.  The reason I am looking at that is because the move down from 127.00 looks like 3 waves so not ready to call it wave 5 of iii just yet. 

The short term down side here could be limited to the 124.00 area with the uptrend line and the 61.8% extension of Y that I am showing on the daily.

The RSI ran up to the trend line and 60 area and stopped as well, a break above that hits 70 may be a sign of a stronger recovery before lower again. 

EURJPY Asian Elliott Wave Updates

EURJPY Asian Elliott Wave Updates



  

EURGBP Asian Elliott Wave Updates

EURGBP Asian Elliott Wave Updates

EURGBP is struggling to move higher here and has yet to hit the break even target.  Still looking higher here but below .8850 then I will be looking for .8400 to the down side. 


EURGBP Asian Elliott Wave Updates

EURGBP Asian Elliott Wave Updates






$EURAUD Asian Elliott Wave Updates

EURAUD Asian Elliott Wave Updates


The move lower is taking its sweet time while also being very choppy.  We may see another high above 1.57269 before lower but I don't think it will be much than a C wave for a Y that would complete the X wave and make 7 waves higher. 




EURAUD Asian Elliott Wave Updates

EURAUD Asian Elliott Wave Updates