This is another example of a trade that I recommended to a member who chose the consulting option. As you know, WaveTimes readers and members come from every corner of the world, and have interest in a variety of markets. This lady is an active trader in the AUD/NZD cross. The following charts were sent…
Continue reading →In my Elliott Waves update on the Australian Dollar posted in MarketWatch on 6 Febuary 2012, I had discussed my medium-term outlook for the AUD/USD. You might want to read that first. The decline from the high of 1.0856 seen on 29 Feb is looking impulsive,but there is just a small chance that we could…
Continue reading →The Elliott Wave analysis of AUD/USD published on 24th May in wavetimes suggested that any recovery to 0.8550 levels will find fresh sellers. The downside objective was below 0.7800. To our delight, the currency ran into a brick wall on 28 May exactly at 0.8551 and is already down by over 2%. If you managed…
Continue reading →There are two interesting developments in a chart that makes me sit up and take notice. One is an extending fifth wave, The other is a failed fifth wave. The Australian Dollar or AUD/USD had posted a failed fifth wave last week and I had warned you to look for a sell off. Sure enough…
Continue reading →AUD has had a failed fifth wave
Continue reading →Hello, I am going to be away for a month on holidays. So will catch up with you when I return. In the meantime, here are two quick updates that you might find interesting. One is on GBP/USD and the other on AUD/USD. As for India’s Sensex, I think we have seen a near term…
Continue reading →This page gives you an example how one could use Elliott Wave Analysis to trade AUD/USD or the Australian Dollar. It was back in April 2001 that the Australian Dollar commenced its bull market run from a low of 0.4773. It took just over seven years for it to peak (in July 2008) at 0.9849….
Continue reading →Traders often lose money when trying to squeeze additional profits during a complex correction. Wave theory is quite clear. Corrections tend to alternate between simple and complex patterns. Also, the market tends to correct a prior impulse wave both in time and price
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