AUDUSD has completed its Elliott Wave 4 of 5
RSI testing the lower bounds of bullish range.
Aussie interest rate announcement on Tuesday by the RBA should see a bull back over 0.8000 level.
Going of technicals, the RBA, will not lower interest rates this month.
This pair close below the support. All Indicators are bearish with no divergence present, confirming the short trend is still in play. Strongly bearish, moving to complete it harmonic pattern, on the weekly chart.
Heading south the USDJPY should see a large move down to complete wave 5 of the correction.
Will See if the price fail touch the daily pivot on Tuesday, will determine a start to the trend. Catch some pips to the short side for now.
Price has consolidated into Wedge/ triangle formation and needs to brake/ retest 176.911 before getting short.
Possibility a terminating Wave 5, instead of a wedge, has formed but indicator showing the short tend is still in play. A Possible Gann Time target can be around the 12/04/2015 for the end of the correction.
EUR/JPY is in a correct to the upside for next week. Should find resistance around 132.715. The long term trend should resume to the down side. CBINX is over sold at a low price (Bearish), but moving averages and CBINX a still bullish. A three wave move needs to complete to the missed pivot, before another attempt ...