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AUD/USD Daily Outlooks

AUDNZD & EURUSD Make Correction Before Turning Down –

As we try to identify the most probable patterns for trading, this pair looks like a good candidate for shorts. AUDNZD fell from the highs in a 5 wave pattern and then bounced in what we see as wave A of corrective pullback. We see possible highs of this corrective pullback in the range of former wave 4.

AUDNZD 1h Elliott Wave Analysis

AUDNZD Elliott Wave Analysis July 9 2015 technical chart

 

We keep our triangle count on EURUSD. The alternate count we were posting in last few days is still relevant. There are still more possibilities on table but we will present them if we see invalidation levels hit. As you know,  if we are in wave E in a triangle, we cannot go below C and D wave before we have 3 legs in E.

EURUSD 1h Elliott Wave Analysis

EURUSD_1h Elliott Wave Analysis July 9 2015 technical chart

Gregor Horvat

Gregor Horvat

Grega Horvat Grega is based in Slovenia and has been involved in markets since 2003. He is the owner of Ew-Forecast, but before that he was working for Capital Forex Group and TheLFB.com. His feature articles have been published on FXstreet.com, Thestreet.com, Action forex, Forex TV, Istockanalyst, ForexFactory, Fxtraders.eu, Insidefutures.com, etc. He recently won the award on FXStreet.com for Best Forex Analysis in 2016. At Ew-forecast he helps clients and educates them about the Elliott wave principle and how to label and track unfolding patterns in real time. His approach to the markets is mainly technical. He uses a lot of different methods when analyzing the markets such as candlestick patterns, MA, technical indicators etc. His specialty, however, is Elliott Wave Theory which could be very helpful especially if you know how to use it in combination with other tools/indicators. EW-Forecast To be involved in the market effectively, you need the right guidance and resources, and our team can help you to achieve that. Our team is providing advanced informations about Elliott Wave theory in real time. The Elliott Wave Principle gives you a method for identifying the behavior of the markets and at what points the market is most likely to turn. We help new traders who are interested in Elliott Wave theory to understand it correctly. We are doing our best to explain our views as simple as possible with educational goal, because knowledge itself is power!