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Currency EW Count

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7/31/2020

US Dollar Index (DXY)

EUR/USD (EURUSD)

AUD/USD (AUDUSD)

GBP/USD (GBPUSD)

NZD/USD (NZDUSD)

USD/CAD (USDCAD)


7/30/2020

US Dollar Index (DXY)

EUR/USD (EURUSD)

GBP/USD (GBPUSD)

USD/CAD (USDCAD)

AUD/USD (AUDUSD)

 NZD/USD (NZDUSD)




7/29/2020

US Dollar Index (DXY)

EUR/USD (EURUSD)

GBP/USD (GBPUSD)

AUD/USD (AUDUSD)

NZD/USD (NZDUSD)

USD/CAD (USDCAD)


7/28/2020

US Dollar Index (DXY) - bearish price action
US Dollar Index (DXY) is in 4th of 5th wave down of C wave, so stay bearish around 94-93.85 zone for new low.

EUR/USD (EURUSD) - Bulls are boss  
EUR/USD (EURUSD) is in 4th of 5th of 5th of C wave in Y cycle, so stay bullish in dip around 1.17 - 1.1713 zone. Strong price action with high momentum, so stay long.  

GBP/USD (GBPUSD) - Bulls dominating
GBP/USD (GBPUSD) is 4th of 3rd of 5th wave up of A wave. So stay long in small dip for new high. Stay long in three wave pull back next too.

AUD/USD (AUDUSD) - Bulls are boss - bears are looser   
AUD/USD (AUDUSD) is in 5th of 5th of 3rd wave up in impulse cycle, so stay long for new high aroudn 0.72012 or higher.     

NZD/USD (NZDUSD) - Bulls in complete control
NZD/USD (NZDUSD) is about to end 5th of 5th or 3rd wave, means 3rd wave is about to end, so next will be 4th wave correction start unless 5th wave gets extension. So wait for more price action before get in to trade.

USD/CAD (USDCAD) - Bears still active   
USD/CAD (USDCAD) is in 3rd of 5th of 5th wave down of C cycle. So stay bearish in pull back in 5 min time frame.  


7/27/2020

US Dollar Index (DXY) - Choppy to slight bullish price action  
US Dollar Index (DXY) is extending 5th wave of C cycle of Y wave. So stay short in small pull back in 5 min time frame for new low as 3rd of 3rd of 5th of 5th wave. The momentum is too high, so avoid small divergence in 15 min time frame.

EUR/USD (EURUSD) - Bulls are boss  
EUR/USD (EURUSD) is extending 5th wave of C cycle of Y wave. So stay long in small pull back in 5 min time frame for new high as 3rd of 3rd of 5th of 5th wave. The momentum is too high, so avoid small divergence in 15 min time frame.

GBP/USD (GBPUSD) - Bulls dominating
GBP/USD (GBPUSD) is in 5th wave of A wave of Y wave up, so stay long in pull back. The up trend will be long this time. 

AUD/USD (AUDUSD) - Bulls are boss - bears are looser   
AUD/USD (AUDUSD) is in 3rd internal wave of 5th subwave of 3rd wave up, so stay bullish to ride the move. It is exactly moving as predicted before.    

NZD/USD (NZDUSD) - Bulls in complete control
NZD/USD (NZDUSD) is in 3rd internal wave of 5th subwave of 3rd wave up, so stay bullish to ride the move. It is exactly moving as predicted before. 
  
USD/CAD (USDCAD) - Bears still active   
USD/CAD (USDCAD) is in 5th wave of C wave as expected as alternate count first, which is the case now. So stay bearish below 4th wave for target zone of around 1.33200.  

7/24/2020

US Dollar Index (DXY) - Choppy to slight bullish price action  
US Dollar Index (DXY) has completed C wave of Y cycle in downward direction, so possible correction time. Next correction pattern will decide the next wave cycle. So until then no trade zone. Due to repeated divergence in oscillator price should bounce from the low, which might be sharp or flat in correction. 

EUR/USD (EURUSD) - Bulls or Choppy - what’s next ?  
EUR/USD (EURUSD) has completed 5th of C of Y, so it might be correction or say reversal time in price action, so sell here with stops above new high. Due to repeated divergence it could drop sharply. 

GBP/USD (GBPUSD) - Choppy to down price action
GBP/USD (GBPUSD) has completed X wave corrective cycle in wxy and now price started moving down in Y wave, which probably will be abc in zigzag. So stay bearish with high as stops above 1.27737 for target of 1.26424 in two waves down in a and c.  

AUD/USD (AUDUSD) - Will it be more bullish or choppy now ?  
AUD/USD (AUDUSD) is in 4th of 3rd wave as wxy corrective down cycle, so stay long when it finishes.  

NZD/USD (NZDUSD) - Will it be more bullish or choppy now ? 
NZD/USD (NZDUSD) is in 4th of 3rd wave as wxy corrective down cycle, so stay long when it finishes.

USD/CAD (USDCAD) - Choppy price action   
USD/CAD (USDCAD) has completed ABC down of Y (or 3rd of C), so next price action expected to be choppy in ABC (or can be wxy), so slight bullish on price action.  

JPY/EUR (JPYEUR) - Bears Vs Bulls - what’s next direction of cycle ?
JPY/EUR (JPYEUR) is 4th of 3rd of 3rd wave of C in ABC zigzag in 4 hr time frame. So stay bearish when it finishes correction.


7/23/2020

US Dollar Index (DXY) - Choppy to bearish price action
US Dollar Index (DXY) is in 4th wave correction of C down, which will about to end soon, thereafter 5th wave will go down to end the cycle. A huge divergence will throw price in correction zone for sometimes.

EUR/USD (EURUSD) - Bullish price action
EUR/USD (EURUSD) is in 4th wave correction as expected in previous updates, so wait for it to finish before get in to 5th final wave of the cycle.  

GBP/USD (GBPUSD) - What’s next ?
GBP/USD (GBPUSD) it is in wxy correction in 15 min time frame after completing WXY correction up side. Wave c of x as abc up will rise for one more subwave in 15 min time frame to end x wave, thereafter y will go down.  

AUD/USD (AUDUSD) - Bulls taken charge
AUD/USD (AUDUSD) is in 4th of 3rd of 3rd wave up, so stay long for one more high. In this pair every three wave pull back can be good opportunity to get in for new high as target until the cycle finishes.   

NZD/USD (NZDUSD) - Bulls taken the charge
NZD/USD (NZDUSD) is in 4th of 3rd wave up, so stay long for one more high. In this pair every three wave pull back can be good opportunity to get in for new high as target until the cycle finishes.

USD/CAD (USDCAD) - will Bears about to lose control ?  
USD/CAD (USDCAD) is about to end 5th wave of C wave down in ABC of Y wave cycle and divergence in oscillator confirms it too. So possible pull back time. The alternate count shows one more low after choppy pull back, so keep the eye on correction type to get in to trade if possible.  

EUR/GBP (EURGBP) - bullish outlook
EUR/GBP (EURGBP) is in 2nd subwave of 3rd wave up, so wait for it to complete to get in to trade for 3rd wave up cycle.

JPY/EUR (JPYEUR) - Bears Vs Bulls - what’s next direction of cycle ?
JPY/EUR (JPYEUR) is 3rd of 3rd of 3rd wave of C in ABC zigzag in 4 hr time frame. So stay bearish in three wave pull back in 10 min time frame. Keep eye on invalidation level as price progresses. Price is extending bearishness.



7/22/2020

US Dollar Index (DXY) - Choppy to bearish price action
US Dollar Index (DXY) is in momentum now that confirms the 3rd of 3rd wave down, which is one low away to end 3rd internal wave of 3rd subwave of C. Three wave pull back can be sell for one more low thereafter. Stay bearish  

EUR/USD (EURUSD) - Bullish price action
EUR/USD (EURUSD) is 3rd subwave of 5th wave of C of Y wave, which confirmed by oscillator high. So three wave pull back can be good entry for one more high. Stay long in pull back.

GBP/USD (GBPUSD) - What’s next ?
GBP/USD (GBPUSD) has completed ABC of Y wave and five wave sequence of C wave. So next choppy movement expected. Alternatively it can be the first subwave of C, but we will know as price progresses, so until then no trade zone.

AUD/USD (AUDUSD) - Bulls taken charge
AUD/USD (AUDUSD) is outperforming the expectation as wave count mentioned in earlier updates. Stay bullish in three wave pull back for new high as target in 10 min time frame.. The momentum confirms the up trend as 5th wave in 4 hr time frame.  

NZD/USD (NZDUSD) - Bulls taken the charge
NZD/USD (NZDUSD) is in 3rd subwave of 5th wave as mentioned in earlier updates, which exactly moving with momentum. Buy in three wave pull back for new high as target in 10 min time frame.

USD/CAD (USDCAD) - will Bears about to lose control ?  
USD/CAD (USDCAD) is in C wave of ABC zigzag of Y wave down. One more low will end the C wave, which can be confirmed by oscillator divergence. No trade zone until clear wave pattern formed next.

EUR/GBP (EURGBP) - bullish outlook
EUR/GBP (EURGBP) is in ABC zigzag in 4 hr time frame, which is the part of Y wave in WXY double zigzag pattern in daily time frame. It has completed 2nd subwave of 3rd wave up, so buy in pull back of 2nd internal wave of 3rd subwave up with stops below.

JPY/EUR (JPYEUR) - Bears Vs Bulls - what’s next direction of cycle ?
JPY/EUR (JPYEUR) is 3rd of 3rd of 3rd wave of C in ABC zigzag in 4 hr time frame. So stay bearish in three wave pull back in 10 min time frame. Keep eye on invalidation level as price progresses.  


7/21/2020

US Dollar Index (DXY) - Choppy to bearish price action
US Dollar Index (DXY) is in 3rd subwave of C down as expected in earlier updates by gaping down today, which is the sign of weakness seen in 3rd wave. Stay bearish until price remains below gap.  

EUR/USD (EURUSD) - Bullish price action
EUR/USD (EURUSD) is in 3rd subwave of 5th wave of C of Y as the part of WXY cycle mentioned in previous updates. Stay bullish above 1.14024 for the target zone of 1.15240 or higher.

GBP/USD (GBPUSD) - choppy to bullish price action
GBP/USD (GBPUSD) is about to end 3rd subwave soon of C cycle in ABC zigzag move. Stay bullish when 4th subwave correction finished, which is flat kind of correction expected.

AUD/USD (AUDUSD) - Bulls taken charge
AUD/USD (AUDUSD) is in 3rd internal wave of 3rd subwave of 5th wave up in 30 min time frame. So stay in smaller pull back in 10 min time frame when 4th internal wave correction finished.

NZD/USD (NZDUSD) - Bulls taken the charge
NZD/USD (NZDUSD) is in 3rd subwave of 5th wave up, so stay bullish. Alternatively it can correct down in 2nd subwave of 5th wave, but in that case price will rise again when correction finished.

USD/CAD (USDCAD) - Choppy to bearish price action
USD/CAD (USDCAD) is in C wave down of Y wave of (X) cycle as the part of double zigzag correction. C is started subdividing in down direction and about to completed 1st subwave, so stay bearish in 2nd wave correction with stops above 1.36017.

EUR/GBP (EURGBP) - bullish outlook
EUR/GBP (EURGBP) is in ABC zigzag in 4 hr time frame, which is the part of Y wave in WXY double zigzag pattern in daily time frame. It is in 2nd wave expanded flat correction which might about to end, so wait for confirmatory impulse up before get in to it for 3rd wave up trade.

USD/INR (USDINR) - Bears in control
USD/INR (USDINR) is in 3rd wave down of C wave cycle of Y in WXY complex corrective pattern. Stay bearish 75.10 as stops.



7/20/2020

US Dollar Index (DXY) - Choppy to bearish price action
US Dollar Index (DXY) is in WXY double zigzag where C of Y down is in progress, stay bearish with stops above 96.40 for target of 95.70 level.  

EUR/USD (EURUSD) - Bullish price action
EUR/USD (EURUSD) is in WXY double zigzag correction where C of Y wave up is in progress. It is in 5th wave of C, where 2nd subwave is in correction. Stay bullish when it over with stops blow 1.13705 for target of 1.14800 or higher.

GBP/USD (GBPUSD) - choppy to bullish price action
GBP/USD (GBPUSD) is in either B wave of Y up (or might be in X wave) in 30 min time frame. So wait for B to over as wxy complex correction, thereafter C or Y (or fresh Y) wave will resume up cycle.

AUD/USD (AUDUSD) - Bulls Vs Bears - who will win the battle ?
AUD/USD (AUDUSD) is in 2nd internal wave of 3rd subwave of 5th wave up in 30 min time frame. So stay bullish with stops below 0.69632 for target of 0.71000. Alternatively this correction can go down as the part of 2nd subwave. But overall its in bullish 5th wave cycle in 4 hr time frame.

EUR/GBP (EURGBP) - bullish outlook
EUR/GBP (EURGBP) is in ABC zigzag in 4 hr time frame, which is the part of Y wave in WXY double zigzag pattern in daily time frame. It is in 3rd subwave correction so buy in the small pull back in 5 min time frame with stops below 0.90739 for target above 0.93500 or higher.



7/16/2020

US Dollar Index (DXY) - Choppy price action
US Dollar Index (DXY) is in WXY choppy double zigzag correction where A of Y down cycle was over and it is moving up in B wave as abc. When it over, it will resume down cycle of C to complete Y wave.  

GBP/USD (GBPUSD) - choppy to bullish price action
GBP/USD (GBPUSD) has completed A wave of Y wave up and is progressing down in B wave. Once B over, then again C wave will resume up trend to end Y wave.

AUD/USD (AUDUSD) - Bulls Vs Bears - who will win the battle ?
AUD/USD (AUDUSD) is in 2nd subwave of 3rd wave up as mentioned in previous updates. Stay bullish with stops below 0.69219 level for 3rd wave up.

EUR/GBP (EURGBP) - bullish outloook
EUR/GBP (EURGBP) is in ABC zigzag in 4 hr time frame, which is the part of Y wave in WXY double zigzag pattern in daily time frame. It is in 2nd subwave correction, so stay bullish for 3rd wave up, when it ended. Keep the eye in 5 min time frame to confirm the trend change.


7/15/2020

GBP/USD (GBPUSD) - Choppy price action
GBP/USD (GBPUSD) it has completed A wave up in Y wave cycle as the part of WXY correction. B wave is on the way to correct A wave. Thereafter C wave will resume Y wave up. It is choppy price action.

AUD/USD (AUDUSD) - Bulls Vs Bears - who will win the battle ?
AUD/USD (AUDUSD) It is in 5th wave up move of impulse sequence started from major bottom in Corona pandemic. It has completed 4th wave within triangle and started 5th wave move up. It completed 1st and 2nd subwave of 5th wave and is now in 3rd subwave. Stay bullish with stops below 0.69219.  

EUR/GBP (EURGBP) - bullish outloook
EUR/GBP (EURGBP) is in ABC zigzag in 4 hr time frame, which is the part of Y wave in WXY double zigzag pattern in daily time frame. It is started 3rd subwave of 3rd wave up after 1st subwave made in leading diagonal, whichsuggest the sharper move of 3rd subwave. So stay bullish above 0.89373 as stops and wait for target zone.


7/13/2020

US Dollar Index (DXY) - Choppy price action
US Dollar Index (DXY) is within choppy price action with so many probable EW options for major directions, but they are useless as half of them are upward and others are pointing towards downward. But in very short term time frame say 15 min it is within ABC sequence where B is about to end, so stay bullish for C wave up with stops below 96.24 for target of 97.15.

EUR/USD (EURUSD) - Choppy, but tradable
EUR/USD (EURUSD) is in choppy price action since long, but forming ABC zigzag pattern in 15 min time frame since last swing high in down direction as exactly opposite to USD. It completed A and about to complete B wave, sell for C down for the target zone of 1.12239-1.11979. The bigger picture is still choppy with no clear direction.

GBP/USD (GBPUSD) - Choppy price action
GBP/USD (GBPUSD) has completed B wave up in flat ABC correction. C wave is in progress, where 2nd wave of C down is about to over, staybearish with stops above 1.26652 for the target zone of 1.25666 or lower.

USD/CAD (USDCAD) - Choppy to bullish price action
USD/CAD (USDCAD) is in B wave correction of (Y) wave up as zigzag correction. B wave is subdividing in wxy so wait to end the correction in 3 min time frame. Thereafter C wave will start moving up, so stay bullish.

AUD/USD (AUDUSD) - Bears taking control slowly
AUD/USD (AUDUSD) as mentioned in previous updates that it is in C wave down after B wave ended in diagonal in c cycle of B wave. It dropped in 1st wave and correcting in 2nd wave as wxy correction, which is about to end now. Stay bearish with stops above 0.70017 for target of 0.674 level as C wave down. Good risk reward ratio anyone can get.

JPY/EUR (JPYEUR) - Bulls taking control slowly
JPY/EUR (JPYEUR) is in B wave down which will probably do abc correction before it ends, so wait for B to over to trade for C wave up. ABC is the part of Y wave in WXY complex zigzag correction.

USD/MXN (USDMXN) - choppy to bullish price action
USD/MXN (USDMXN) is in ABC correction, where B wave is in progress as abc cycle, which is about to end now. Wait for more confirmation  of end of B and start of wave C with small impulse in 3 min time frame before get in to trade.


7/10/2020

US Dollar Index (DXY) - Choppy price action
US Dollar Index (DXY) has completed wxy cycle within 30 min time frame from last swing high to latest swing low in double zigzag and gone up within A five wave impulse, which is about to end soon, thereafter it will go down for B wave. Watch closely in 3 min time frame to trade B down as well as C wave up, after confirmation as end or start of new wave.

GBP/USD (GBPUSD) - Choppy price action
GBP/USD (GBPUSD) has completed ABC zigzag as expected, but with short of a expected target zone, it by 25%. Now it is again within choppy corrective price zone and expected to form abc flat like correction. No trade zone until it confirm the next wave count.

USD/CAD (USDCAD) - Choppy to bullish price action
USD/CAD (USDCAD) has completed (W) & (X) within (W)(X)(Y) complex correction and 3 hr time frame, where (X) wave was complex as WXY correction. It started going up in (Y) wave as ABC and about to finish wave A in 15 min time frame. Wait for B to complete for next up cycle as the part of possible zigzag correction. Keep the eye on invalidation level when B wave down will be on the way to progress to retain the wave count valid.

AUD/USD (AUDUSD) - Choppy or trendy - what’s next big move ?
AUD/USD (AUDUSD) it has completed A and B wave within the part of flat ABC correction. Now C wave down expected to go down, where 1st impulse wave is about to end as a token of confirmation, so wait for 2nd wave to complete to get in to trade with stops above 0.70017 level. The equal sized C to A wave will be 0.67380 level. The B wave was subdivided in to ABC where C wave was ending diagonal, which should result in sharp decline within C wave. Let’s see how sharp the C wave will be. Keep one thing in the mind that if price doesn’t fall sharper then stay choppy then get out of trade, it may be more complex correction.

JPY/EUR (JPYEUR) - Bulls taking control slowly
JPY/EUR (JPYEUR) has completed X wave within WXY correction and Y just started moving up. The invalidation level 0.0081988 must hold to retain the count valid. It is within A wave of Y wave as the part of ABC zigzag within double zigzag correction of WXY. A wave is about to end then start correcting in B wave (or 2nd wave of A). Stay bullish and keep eye on 3 min time frame to get entry with said stop level. The X wave was double zigzag correction wxy where c of y ended short, so reverse reaction is sharp. Stay bullish for huge Y wave up.


7/8/2020

GBP/USD (GBPUSD) - choppy to bullish bias
GBP/USD (GBPUSD) has completed B wave in running correction as wxy, therefore C wave is rising sharply up. Wait for c wave of 2nd wave down of C wave major to touch the down side trend channel to get in to trade for bullish bias with stops below 1.24639 level for target zone of 1.27421 level.

RUBUSD (RUBUSD) - choppy to bullish bias
RUBUSD has completed downside ABC zigzag correction as expected earlier. It is now moving up in X wave of WXY correction down, where wave A is completed and B down is in progress, thereafter wave C will rise. All will confirm when price rise above down trending trend line, to confirm the trend change.


7/7/2020

US Dollar Index (DXY) - Choppy, but tradable
US Dollar Index (DXY) is in WXY corrective pattern in 2 hr time frame, where W as ABC zigzag and X as complex wxy correction were over. Y wave up is just started with A wave and invalidation level for bullish set up is 96.57. Alternate EW count will probably triangle in progress, but will know as price progresses. Stay bullish until the invalidation level holds. Y should be very simple ABC correction as W & X are little complex as alternate rule.

EUR/USD (EURUSD) - Choppy, but tradable
EUR/USD (EURUSD) is in WXY corrective pattern in 2 hr time frame, where W & X both over and Y is in progress. The invalidation level of 1.13461 must hold the retain the count valid. Stay bearish till the stops level hold for Y wave down. Here Y wave will be simple ABC correction zigzag expected as W & X were little complex correction. 

GBP/USD (GBPUSD) - choppy to bearish outlook
GBP/USD (GBPUSD) has completed ABC correction as expected in earlier updates. It is in B wave flat correction where c wave down is in progress as impulse. Sell with stops above 1.25175 for target zone below 1.24382 as c of B wave correction. Thereafter major C wave will go up.  

USD/INR (USDINR) - choppy before turns bearish again
USD/INR (USDINR) Is in (Y) wave down in ABC zigzag correction as mentioned in previous updates. It completed 1st subwave and correcting up in 2nd subwave, which generally correct more of 1st wave, so wait it to complete. Keep watch of invalidation level to retain the count valid and trade with stops.  


7/6/2020

GBP/USD (GBPUSD) - choppy price action
GBP/USD (GBPUSD) is within WXY correction mode in (B) wave down after (A) impulse rise in 30 min time frame since last swing low. It dropped in abc correction and now rising up in abc to complete X wave within WXY pattern, then again it will go down in Y wave. Wait for X to complete if you wanna trade Y wave, or wait for (B) wave correction to buy it for more bigger move as (C) wave up.


7/3/2020


JPY/EUR (JPYEUR) - Bulls in control ?
JPY/EUR (JPYEUR) has completed 2nd subwave of A wave up in Y wave sequence. 3rd subwave is rising in subdivision of smaller waves, but keep eye on invalidation level of 0.0082328 as stops for this pattern and stay bullish for target zone of 0.0084592 level.

USD/INR (USDINR) - Bears in complete control
USD/INR (USDINR) - as mentioned in previous updates, it is exaly falling down in C wave, which is about to end its 1st wave, so wait for 2nd wave to complete to get in to for 3rd wave, the invalidation level for C wave down is 75.40. Keep eye on that level to retain the count valid.  

GBP/USD (GBPUSD) -  will bears take more control ? 
GBP/USD (GBPUSD) has ended impulse wave sequence A from last swing low 1.22526 to 1.25287 and started correcting it as expected previously. It completed the a wave down of B as abc correction. Wave b is under progress and may take more time to complete in 10 min time frame. Thereafter c wave will start to fall again to complete the whole B wave. The invalidation level of 1.25287 will be stops for sell trade and probable target of B wave correction will be 1.23892 - 1.23757 zone. Keep eye on internal b wave to end to get in to.


7/2/2020

GBP/USD (GBPUSD) - ABC wave pattern  
GBP/USD (GBPUSD) is about to end 5 wave impulse sequence in 15 min time frame since last swing low of 1.22526 to 1.24907. It is in ABC zigzag up move expected, so B wave will start moving down soon as huge divergence within indicator and volume generated. When B wave will over, again bulls take charge to complete the C wave.


7/1/2020

US Dollar Index (DXY) - Choppy or Trendy - What's next ? 
US Dollar Index (DXY) is in 2nd subwave of 3rd wave up in (C) wave up, which is subdividing in wxy correction and x wave is under progress, thereafter y down will start and should end above 97.12 level. Because below this level the (C) wave will be invalidated and count must be re-evaluated for next new cycle. The overall price is in corrective mode.

EUR/USD (EURUSD) - Updated Elliott wave count
EUR/USD (EURUSD) is within 2nd subwave of 3rd wave down of (C) wave within corrective pattern. It is in wxy correction and take little more time to complete. It should not be going up above 1.2870 level to hold the count valid as 3rd wave down.

GBP/USD (GBPUSD) - little more bearish
GBP/USD (GBPUSD) has completed ABC correction as expected in earlier updates. Now It is within downtrending channel and experienced resistance of it and going down, It is forming at least another ABC downside with invalidation level of 1.24019. So stay bearish below that level with target of 1.22600 level.

AUD/USD (AUDUSD) - choppy or trendy - what’s next ?
AUD/USD (AUDUSD) has two possible EW counts, where primary count taken as ABC zigzag and C wave down is in progress, where 2nd wave is in progress. But as the time elapsed, the another count is coming in effect as B wave in triangle. So wait for triangle to break down below lower trendline of triangle to get in to trade for sell only, otherwise no trade zone. One trade is possible when price is near to touch the upper line of triangle as low risk - low probability entry, which is only advisable with some valid logical count. Above triangle its bullish only.

NZD/USD (NZDUSD) - choppy or trendy - what’s next ?
NZD/USD (NZDUSD) is similar with AUDUSD pattern. Means having two probable EW counts - one is simple ABC zigzag and C is in progress and another is ABC, but B triangle is in progress, sell only when price broke down lower trendline. Or wait for clear count to get in.

USD/CHF (USDCHF) - choppy or trendy - what’s next ?
USD/CHF (USDCHF) is within Y wave up as mentioned in previous updates. Currently it is in 2nd wave correction of C wave up of Y wave, which is one leg away to complete, thereafter 3rd wave will start moving up. The invalidation level 0.94414 is the key level to hold the count valid. Below that level it is considered more complex (X) wave correction in progress and no more trades until clear count.

USD/INR (USDINR) - Bears take control 
USD/INR (USDINR) has completed B wave correction with running c wave in flat correction as abc. It is now within C wave down, where 1st subwave is under progress. It has broken down the trendline of (X) wave, which was support previously and A wave ended on that line. So be bearish only when 2nd subwave will provide an opportunity to get in.

RUB/USD (RUBUSD) - ABC wave pattern
RUBUSD is in simple in ABC zigzag pattern, where 5th subwave of 3rd wave down of C wave down is in progress, which will end 3rd wave. The high indicator value confirm the thesis.   

USD/CAD (USDCAD) - Will bulls take control ?
USD/CAD (USDCAD) has completed B wave in abc zigzag correction. It is now in C wave up, but wait for confirmation of impulse wave in 3 min time frame. It must hold the 1.34851 level to validate the count. C wave possibly end around 1.38178 level as equi-distance to A wave.

JPY/EUR (JPYEUR) - Bulls in control ? 
JPY/EUR (JPYEUR) has completed X wave within WXY correction and Y just started moving up. The invalidation level 0.0082328 must hold to retain the count valid. It is easily go beyond the high of W wave. The WXY correction is the part of (B) wave.



6/30/2020

US Dollar Index (DXY) - Updated Elliott wave count
US Dollar Index (DXY) is in 3rd wave of C up within ABC zigzag as expected moving nicely. Here it looks 1st wave was extended if C will be equal sized with A, so parts of C wave as sequence will be smaller in size. Let’s see how it unfolds next. Below 97.12 the sequence is not valid, so can be used as stops.   

EUR/USD (EURUSD) - Updated Elliott wave count
EUR/USD (EURUSD) is within 3rd wave of C wave down as mentioned in previous updates. It completed 1st subwave down and correcting within 2nd subwave of 3rd wave down, which is about to end soon. The target for equal sized C wave will be 1.11383. Let’s see how it moves towards it.   

GBP/USD (GBPUSD) - Updated Elliott wave count
GBP/USD (GBPUSD) has completed WXY down sequence as expected earlier. The Y wave was in ABC correction and over. Now it is within corrective cycle as wxy. It is still within the down trending channel, so it may go down further. But wait for next clear wave outlook.

AUD/USD (AUDUSD) - Updated Elliott wave count
AUD/USD (AUDUSD) has two possible EW counts, where primary count taken as ABC zigzag and C wave down is in progress, but at time elapsed, the another count is coming in effect as B wave in triangle. So wait for triangle to break down below down trendline of triangle to get in to trade for sell only, otherwise no trade zone. One trade is possible when price is near to touch the upper line of triangle as low risk - low probability entry, which is only advisable with some valid logical count.

NZD/USD (NZDUSD) - Updated Elliott wave count
NZD/USD (NZDUSD) is similar with AUDUSD pattern. Means having two probable EW counts - one is simple ABC zigzag and C is in progress and another is ABC, but B triangle is in progress, sell only when price broke down lower trendline. Or wait for clear count to get in.

USD/CHF (USDCHF) - Updated Elliott wave count
USD/CHF (USDCHF) is within Y wave up as mentioned in previous updates. Currently it is in 2nd wave correction of C wave up of Y wave, which is one leg away to complete, thereafter 3rd wave will start moving up.

USD/INR (USDINR) - Updated Elliott Wave count
USD/INR (USDINR) is in B wave correction of ABC zigzag down of Y wave, where b subwave is under progress. Wave c of B can go more higher as USD expected to go more upside. So wait confirmation for B wave to complete.

USD/CAD (USDCAD) - Updated Elliott wave count
USD/CAD (USDCAD) is in B wave of Y wave up, in which c might extend further. So enter in trade above 1.37047 as confirmation in price for C wave. If it dip down more than enter when c ends of B wave.  

RUB/USD (RUBUSD) - ABC wave pattern
RUB/USD is in simple in ABC zigzag pattern, where 4th of C wave down is in progress, thereafter one more low will end the pattern.


6/29/2020

US Dollar Index (DXY) - Updated Elliott wave count
US Dollar Index (DXY) is in ABC zigzag corrective up move from last swing low in 2 hr time frame. It has completed 1st wave of C up and correcting down in 2nd wave as abc zigzag wave, which probably ends near 97.10-18 level, thereafter 3rd wave up will start to in progression to complete the C wave up.   

EUR/USD (EURUSD) - Updated Elliott wave count
EUR/USD (EURUSD) is in simple ABC zigzag down correction in 2 hr time frame, which is in C wave down. It has completed 1st impulse wave and correcting within 2nd wave as abc, where 5th of c subwave is due to completion of wave, thereafter 3rd wave will start moving down along US dollar index.   

GBP/USD (GBPUSD) - Updated Elliott wave count
GBP/USD (GBPUSD) is within WXY complex corrective pattern, where Y wave is under progress. In Y wave down, A & B wave was over and moving down in 5th of C wave as primary count. It is possible to extend the losses in currency as per alternate count. 

AUD/USD (AUDUSD) - Updated Elliott wave count
AUD/USD (AUDUSD) is in ABC zigzag correction, where B was complex correction. It is bearish and going down in C wave, where 2nd wave correcting in wxy. Wait for completion before going down in 3rd wave.

NZD/USD (NZDUSD) - Updated Elliott wave count
NZD/USD (NZDUSD) is in ABC simple zigzag where B wave is complex correction as WXY. It has completed 2nd wave correction and going down in 3rd wave. Stay bearish below 0.64505 level for the target of 0.63438 as C ends. 


USD/CHF (USDCHF) - Updated Elliott wave count
USD/CHF (USDCHF) is within WXY complex correction upside, where B subwave of Y cycle is in progress and about to complete soon, thereafter C up will start. Wait for confirmation to price rise above 0.94835 to break upside as C wave. 


USD/INR (USDINR) - Updated Elliott Wave count
USD/INR (USDINR) is in B wave correction of ABC zigzag down of Y wave, where b subwave is under progress. Wave c of B can go more higher as USD expected to go more upside. So wait confirmation for B wave to complete. 


USD/CAD (USDCAD) - Updated Elliott wave count
USD/CAD (USDCAD) is in B wave of ABC zigzag pattern of Y wave up in WXY complex corrective cycle. Wave c of B wave is in progress and may end soon, thereafter C up cycle starts.



6/26/2020

US Dollar Index (DXY) - Updated Elliott wave count
US Dollar Index (DXY) is in simple ABC zigzag correction, where B wave is expanded flat. It is in 4th wave of C up move, which need to correct down in c wave more before completion and thereafter 5th wave up will go up to complete ABC zigzag cycle.   

EUR/USD (EURUSD) - Updated Elliott wave count
EUR/USD (EURUSD) is in ABC simple zigzag where B wave is expanded flat correction. It has completed 3rd wave of C and correcting within wave 4 as abc, where c is under progress. It is aligned with Dollar wave analysis. 

GBP/USD (GBPUSD) - Updated Elliott wave count
GBP/USD (GBPUSD) is within WXY complex corrective pattern, where W wave was already over and X wave is under progress as ABC zigzag pattern. The B wave is correcting in complex wave as wxy, which can take more time to complete. Wait till it reveals the sign of completion. 

AUD/USD (AUDUSD) - Updated Elliott wave count
AUD/USD (AUDUSD) is in ABC simple zigzag where B wave is complex correction as WXY. It completed 1st wave of C down and correcting down in wave 2, which can take little more time for completion, before going down to 3rd wave.   

NZD/USD (NZDUSD) - Updated Elliott wave count
NZD/USD (NZDUSD) is in ABC simple zigzag where B wave is complex correction as WXY. It ha completed 1st wave of C down and correcting within wave 2 as abc, but it may take more time to complete 2nd wave, then go for 3rd down to complete the sequence. 

USD/CHF (USDCHF) - Updated Elliott wave count
USD/CHF (USDCHF) is in complex correction as WXY, where W and X were over in simplex abc zigzag pattern. Y is under progress and subdividing in ABC, where A wave completed yesterday as expected in previous updates. Now B down in correcting in abc, where final c down is in progress, thereafter C up will start. It made a head and shoulder pattern, which normally not completing its full target or fakes out within this pattern to bust the C wave sharply up.   

USD/INR (USDINR) - Updated Elliott Wave count
USD/INR (USDINR) is in WXY wave pattern in 2 hr time frame, where W and X wave completed. Y wave is under progress as ABC zigzag wave down, where 5th wave of A is about to end soon, thereafter wave B will correct it. 

USD/CAD (USDCAD) - Updated Elliott wave count
USD/CAD (USDCAD) is within WXY corrective pattern, where Y wave is under progress. It is in 4th wave of A wave up in ABC pattern in Y wave. It has completed W and X wave in flat & zigzag pattern.




6/25/2020

US Dollar Index (DXY) - Updated Elliott wave count
US Dollar Index (DXY) is in simple ABC zigzag correction, where B wave is expanded flat. It is in 4th wave of C up move, which need to correct more before completion and thereafter 5th wave up will go up to complete ABC zigzag cycle.   


EUR/USD (EURUSD) - Updated Elliott wave count
EUR/USD (EURUSD) is in ABC simple zigzag where B wave is expanded flat correction. It is now going down in 3rd wave of C, which is about to end soon, thereafter 4th wave correction start. It is aligned with Dollar wave analysis. 


GBP/USD (GBPUSD) - Updated Elliott wave count
GBP/USD (GBPUSD) is within WXY complex corrective pattern, where W wave was already over and X wave is under progress as ABC zigzag pattern. The B wave is on the way to completion thereafter one more low of C wave will go down to complete X wave. 


AUD/USD (AUDUSD) - Updated Elliott wave count
AUD/USD (AUDUSD) is in ABC simple zigzag where B wave is complex correction as WXY. It is in 4th  wave of C down, which is about to end soon, thereafter 5th wave will go down to complete the whole cycle. 


NZD/USD (NZDUSD) - Updated Elliott wave count
NUD/USD (NZDUSD) is in ABC simple zigzag where B wave is complex correction as WXY. It is in 4th  wave of C down, which is about to end soon, thereafter 5th wave will go down to complete the whole cycle. 


USD/CHF (USDCHF) - Updated Elliott wave count
USD/CHF (USDCHF) is in complex correction as WXY, where W and X were over in simplex abc zigzag pattern. Y is under progress and subdividing in ABC, in which wave A is going up. 4th wave of A up is about to end, thereafter 5th up will start to end the A wave. 



6/23/2020

US Dollar Index (DXY) - Updated Elliott wave count
US Dollar Index (DXY) is now within WXY bigger correction, where wave W in ABC zigzag correction was over. Within X wave down, wave A impulse down over and B is in progress as final c wave up. Thereafter C will start going down to complete X wave as indicated in chart. 

EUR/USD (EURUSD) - Updated Elliott wave count
EUR/USD (EURUSD) is in WXY correction. Where W has already corrected in sub wxy correction. X wave up is now correcting upside as ABC (or it may be complex correction). It has completed A wave impulse and correcting in B zigzag downside in 15 min time frame. Watch closely that how it works. 


6/22/2020


US Dollar Index (DXY) - Updated Elliott wave count
US Dollar Index (DXY) has completed B wave within ABC up zigzag cycle. Final up move of C is in progress & within extension. The 3rd wave of C wave is moving up in 3rd subwave as indicated in chart. It is moving as expected in previous updates. But keep the eye on invalidation level, which if breaches then the count will invalidate.

EUR/USD (EURUSD) - Updated Elliott wave count
EUR/USD (EURUSD) has completed B wave in ABC zigzag down move. The 3rd wave of C wave down is under progress. It is in 3rd subwave of 3rd wave. Keep the eye on invalidation level to retain the count valid. It is aligned with Dollar index.


AUD/USD (AUDUSD) - Updated Elliott wave count
AUD/USD (AUDUSD) has completed B wave in triangle within ABC wave pattern. C wave down is already in progress, which is not that clear count. Better to stay away until it confirms the move. 


GBP/USD (GBPUSD) - Updated Elliott wave count
GBP/USD (GBPUSD) have completed down ABC zigzag pattern in equal size. Now it is correcting upside. Currently it is no trade zone, until it proves some pattern. 


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