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AUD/USD Daily Outlooks

AUDUSD Under Pressure, GOLD Makes Correction Within Downtrend –

Our favorite pair for more weakness remains AUDUSD which might have already accomplished a corrective rally in wave 2. A decisive break through the lower side of a corrective channel will open the door for a decline to around 0.7600.

Elliott Wave Analysis – AUDUSD 1h

AUD Elliott Wave Analysis June 26 2015 forex trading currencies

We also still see bearish trend intact on gold, were a decline from 1205 can be incomplete. Notice that the recent leg down to 1170 was made in three waves, so it can be wave (B) as part of a flat in wave four. That said, the rally could lift price to around 1180/1183 before downtrend may resume later today.

Elliott Wave Analysis – GOLD 1h  

GOLD Elliott Wave Analysis June 26 2015 currency trading forex

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!