CurrencyWaves

CurrencyWaves

Looks like Gold has finished a 3rd wave of C down and needs another 4 and 5 before a larger rally.

CurrencyWaves

The weekly chart is already showing a nice head and shoulders bottom pattern but I believe oil needs a C wave down to complete this sideways correction. A move to 34.55 would make a noce right shoulder.

CurrencyWaves

The usdjpy could be completing a wave for here and shot higher for a wave 5. This also could be wave 5 of a 3rd wave so another wave 4 and 5 could follow. A move below 113.33 before a new high would invalidate the count. The target for this wave 5 is 115.54.

CurrencyWaves

As long as 1.05518 holds I will be looking for a C wave up. This B wave churn into a triangle over the next week or so as well..

CurrencyWaves Updated 

Should see a continued move higher in a series of 4's and 5's over the next week. Resistance at 86.300 and 90.73

CurrencyWaves

Gets hard to look at charts and trade when they all look like this!!! I'm about to move on if they don't get this fixed and i'll never pay for a year in advance again.

CurrencyWaves Updated 

Looking for a five wave move up to 1.1700 to complete this zig zag correction before a strong move down. The first wave up should be near completion.

CurrencyWaves Updated 

Looking for 1 more high to end wave 1 of C up. A break of 1.0017 would indicate the wave is complete and wave 2 down is underway.

CurrencyWaves Updated 

Looking for a long trade on AUDNZD. My one concern here is that this could be a fifth wave down but long term I am looking higher so the move down from the highs could be an abc down and this is the start of a move higher.

CurrencyWaves Updated 

This could be the start of a larger move down toward 114.00 in a D leg. Pretty good R/Rat this point. Above 117.5 and count is invalid.

CurrencyWaves

I believe the triangle is complete but there is still a chance that D is still in play and E will follow. A break of 1.05237 and the triangle is compete. The target down using the width of the triangle is .9500, this is 1200 pips from current price.

CurrencyWaves Updated 

Looking at this recent drop as wave 1 still in progress. I will be shorting any bounce with stops above .77783. A bounce in the RSI to 50 or 60 would be a good sell signal. If the following drop is a 3rd wave I would like to see the RSI break below 40 and even 30. I am showing the Fib extensions with Andrews Pitchfork for target areas.

CurrencyWaves

Looking for a 3 wave bounce to short against 82.61

CurrencyWaves Updated 

NZDUSD is creating a nice looking Head and Shoulders here. Target down would be .6600 and possibly lower. The move from the .7485 high looks like 3 waves to me so I am looking at this as an ABC correction that would be followed by a C wave up.

CurrencyWaves

I believe the USDCAD is nearing a top here, if not topped already. I would love to see one more high with divergence on the daily RSI to add to my shorts. Targets down would be 1.200 and then 1.15000.

CurrencyWaves

As I have previously mentioned, I believe the USDJPy is heading for the 135.00 area. The Daily count is showing that the B wave down has ended in a Y wave triangle and the pair is in a 3rd wave up or at least a nested 1-2. If this is a nested 1-2 then I would expect the pair to pullback and test the broken trendline created by the pitchfork. If it is the wave...

CurrencyWaves

There are a number of ways we could count this move up right now, This could just be an BAC correction up and we go lower to new lows before heading higher. I think the pair is headed for that 135.00 area so for now I am going with the idea that wave 3 is nearing an end and a wave 4 is about to take place. Another bullish option is the nested 1-2 count and we...

CurrencyWaves

I originally posted this chart on Twitter back in June and thought I would update it on TradView. I believe we are headed for the 135.00 area right now before heading back down to the 101.00 area again.