AUD/NZD Weekly















General overview for 26/03/2015:
The impulsive wave progression to the downside is about to be completed as there is one more wave missing to finish five wave decline as per weekly chart. The first projected level is a typical target level at 1.0000 and unless the wave 5 is extended one it is quite possible that the corrective cycle is coming soon. Please notice that the bullish divergence is supporting the view.

Support/Resistance:
1.0000 – Target LEvel for wave 5.
1.0428 – Technical Resistance
1.1310 – Key Long Term Resistance Level

Trading recommendations:
About 70% of traders is long with the average long price at the level of 1.0685 which is a rather good contrarian sell signal for now.

★★★★★★★★★★★★★★★★★★★★
IF YOU WANT TO DOWNLOAD THE FREE MT4 INDICATOR THAT SHOWS THE POSITIONS OF THE OTHER TRADERS FROM AROUND THE WORLD (AS USED IN MY CHART) PLEASE CLICK HERE:
★★★★★★★★★★★★★★★★★★★★
IF YOU NEED MORE DETAILED ELLIOTT WAVE COUNTS, 
SIGNALS 
AND
EDUCATIONAL MATERIALS, 
THEN JOIN MY VIP SERVICE!
★★★★★★★★★★★★★★★★★★★★

About the author

Sebastian Seliga

Aktywny trader, analityk, ekspert metod inwestycyjnych bazujących na teorii fal Elliott'a, geometrii Fibonacciego i nie tylko.

View all posts

Dodaj komentarz

Twój adres email nie zostanie opublikowany. Pola, których wypełnienie jest wymagane, są oznaczone symbolem *

This site uses Akismet to reduce spam. Learn how your comment data is processed.