Elliott Wave Analysis of AUDUSD

Is now the time to be buying AUDUSD?

I have been working the idea of an impulse wave (5 wave decline) from the Jan 2018 highs; the recent sideways rice action is reminiscent of a possible triangle. For those readers that have some knowledge of Elliott Wave you may well know that triangles are very common in the 4^th wave position of an impulse wave. So new lows are still favored for a 5^th wave, ideally we see a test of 0.7250, but any new low would suffice.

Barring a big move above 0.7600, allow for new lows for wave [v], its then traders can turn far more bullish and look for a significant low to be put in and setup for a large rally to correct the decline from the Jan 2018 highs (0.8134).

DXY vs AUDUSD

Whilst AUDUSD is not part of the DXY, the correlation between the two markets is decent enough to warrant watching. I suspect a low on AUDUSD will be accompanied by a top on the DXY. So as the DXY ends an impulse wave from the 2018 lows, the AUDUSD ends an impulse wave from the 2018 highs.

Summary

In summary, I believe its time to consider looking to buy assets or markets that will rally as the US dollar (DXY) reverses and moves lower as the current trends from the start of 2018 are setting up to reverse. Readers can chose between a number of markets, but buying either AUDUSD or EURUSD once their respective patterns are complete, are two markets that readers could participate in.

Further details can be found on the pricing page. CLICK HERE

Membership Levelchange
You have selected the Monthly Subscription membership level. -10%6 Months Package -15%12 Months Package The price for membership is $74.99 per Month. Do you have a discount code? Click here to enter your discount code.
Discount Code

Membership Levelchange

You have selected the Monthly Subscription membership level.

-10%6 Months Package
-15%12 Months Package

The price for membership is $74.99 per Month.

Do you have a discount code? Click here to enter your discount code.

Account InformationAlready have an account? Log in here
Username Password Confirm Password E-mail Address Confirm E-mail Address Full Name LEAVE THIS BLANK

Account InformationAlready have an account? Log in here

Username

Password

Confirm Password

E-mail Address

Confirm E-mail Address

Full Name LEAVE THIS BLANK

Billing Address
First Name Last Name Address 1 Address 2 City State Postal Code Country Phone

Billing Address

First Name

Last Name

Address 1

Address 2

City

State

Postal Code

Country

Phone

TERMS & CONDITIONS
Disclaimer The content of this website is for educational purposes only, the information supplied shall not be construed as a recommendation to buy or sell any security or financial instrument. Wavepatterntraders will not be held responsible for any losses occurring from the information provided within the website. The information expressed within the website is solely the opinion of the author/owner. Wavepatterntraders are not registered investment advisers. Members are strongly urged to consult an investment consultant before making any financial decisions or investments. Futures trading in stocks, Forex and commodity markets carries a high level of risk and past results are not indicative of future performance, trading may not be suitable for everyone. Information supplied maybe copied or reproduced with the permission from the owner, providing that the full attribution is given to the original source and have the acknowledgment of wavepatterntraders.com or its owner. Privacy Policy Data Collected to Manage Your Membership At checkout, we will collect your name, email address, username, and password. This information is used to setup your account for our site. If you are redirected to an offsite payment gateway to complete your payment, we may store this information in a temporary session variable to setup your account when you return to our site. At checkout, we may also collect your billing address and phone number. This information is used to confirm your credit card. The billing address and phone number are saved by our site to prepopulate the checkout form for future purchases and so we can get in touch with you if needed to discuss your order. At checkout, we may also collect your credit card number, expiration date, and security code. This information is passed to our payment gateway to process your purchase. The last 4 digits of your credit card number and the expiration date are saved by our site to use for reference and to send you an email if your credit card will expire before the next recurring payment. When logged in, we use cookies to track some of your activity on our site including logins, visits, and page views. I agree to the TERMS & CONDITIONS

TERMS & CONDITIONS

Disclaimer

The content of this website is for educational purposes only, the information supplied shall not be construed as a recommendation to buy or sell any security or financial instrument. Wavepatterntraders will not be held responsible for any losses occurring from the information provided within the website. The information expressed within the website is solely the opinion of the author/owner. Wavepatterntraders are not registered investment advisers. Members are strongly urged to consult an investment consultant before making any financial decisions or investments.

Futures trading in stocks, Forex and commodity markets carries a high level of risk and past results are not indicative of future performance, trading may not be suitable for everyone. Information supplied maybe copied or reproduced with the permission from the owner, providing that the full attribution is given to the original source and have the acknowledgment of wavepatterntraders.com or its owner.

Privacy Policy

Data Collected to Manage Your Membership

At checkout, we will collect your name, email address, username, and password. This information is used to setup your account for our site. If you are redirected to an offsite payment gateway to complete your payment, we may store this information in a temporary session variable to setup your account when you return to our site.

At checkout, we may also collect your billing address and phone number. This information is used to confirm your credit card. The billing address and phone number are saved by our site to prepopulate the checkout form for future purchases and so we can get in touch with you if needed to discuss your order.

At checkout, we may also collect your credit card number, expiration date, and security code. This information is passed to our payment gateway to process your purchase. The last 4 digits of your credit card number and the expiration date are saved by our site to use for reference and to send you an email if your credit card will expire before the next recurring payment.

When logged in, we use cookies to track some of your activity on our site including logins, visits, and page views.

I agree to the TERMS & CONDITIONS

Wavepatterntraders

Choose Your Payment Method

Payment Information We Accept Visa, Mastercard, American Express and Discover