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EURAUD Intra-Day Elliott Wave Analysis 11-23-2017

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EURAUD Short Term Elliott Wave view suggests the decline to 1.5057 ended Intermediate wave (X). Up from there, the rallyunfolded in 5 wavesimpulse Elliott Wave structure, suggesting that whilepullbacks stay above 1.5057 low, paircould see more upside. Up from 1.5057,Minute wave ((i)) ended at 1.5234, Minute wave ((ii)) ended at 1.5075, Minute wave ((iii)) ended at 1.5606, Minute wave ((iv)) ended at 1.5481, and Minute wave ((v)) ended at 1.5657.

The 5 waves impulsive rally from 1.5057 low ended Minor wave A of azigzag Elliott Wave structure. Minor wave B is currently in progress as a double three Elliott Wave structure. Minute wave ((w)) ended of B at 1.545 and Minute wave ((x)) of B ended at 1.5626. Pair has scope to reach 1.529 1.542 area to end Minute wave ((y)) of B, and pair should then resume the rally higher or bounce in 3 waves at minimum. We dont like selling the pair and expect buyers to appear in 3, 7, or 11 swing dips for at least a 3 waves bounce as far as pivot at 1.5057 low stays intact.

EURAUD 1 Hour Elliott Wave Analysis


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About the author  (by EME PROCESSING AND CONSULTING LLC) was founded in 2005 by Eric Morera. Since inception our company has provided tailored Financial Market Services to thousands of clients.

ElliottWave-Forecast has built a reputation on accurate technical analysis and a winning attitude. By successfully incorporating the Elliott Wave Theory with Market Correlation, cycles, proprietary pivot system, we provide precise forecasts with up-to-date analysis for 42 instruments including FX majors, Gold, Silver, Copper, Oil, TNX and major Equity Indices. Our clients also have immediate access to our proprietary actionable trade setups, market overview, 1 Hour, 4 Hour, Daily & weekly wave counts. Weekend webinar, Live Screen Sharing Sessions, Daily Technical Videos, Educational Resources, and 24 Hour chat room where they are provided live updates and given answers to their questions.

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