Wave analysis for other currency pairs also welcome.
06.01
EUR / USD, H1
Euro / dollar broke the 1.4400 level and is currently experiencing the strength level of 1.4330. Price is close to the line of support uplink, creating a wave of "xx". Penetration of support will pave the way to the 41-th figure. We believe that the price today will test the resistance level at 1.4417, and then tries to fix a new maximum. If the price penetrates the upper limit of "bullish" trend, you can expect an increase in couples to a mark 1,46.
Forecast appreciation.
GBP / USD, H1
Pound / dollar is approaching the nearest support level around 1.5922 marks. Price reversal from this level would give up the base pulse wave "3", resulting in possible increase in the resistance 1.6272, followed by a breakout. In case of further weakening of the British pound pair set sights on at least December. Thus, we assume that the wave forms "a" with the possible end of the level of about 57-th figure.
Forecast appreciation.
AUD / USD, H1
A pair of Australian dollar / US dollar consolidated above 0.91. By the end of U.S. session a correction to the level of 0.9090. We believe that the potential five-wave mixing pulse has not been exhausted, so in the near future are waiting for test resistance around 0.9194 marks, followed by a breakout. Price reversal would aim to support a pair of 0.9053. Fall to the level of 90-th figure would serve as the basis for the formation of an alternative wave "(a)"
Forecast appreciation.
08.01.2010
EUR / USD, H1
Euro / dollar tried to break through a support line uplink. Still valid is to complete the formation of a wave "5" a long-term "bear" trend. Pare to overcome the lows of December, after which we will witness the fixing of new lows below the 42 figure. Penetration of support around 1.4215 marks pave the way to the next important psychological level - 1.4103. Price reversal and penetration resistance of 1.4417 may cause the development of up-trend.
Forecast depreciation.
GBP / USD, H1
Pound / dollar consolidated around 1.5922 level. Today, expect him to re-testing and penetration. Fixing rates below 1.5831 support will provide an opportunity to test the strength of the next level of around 1.5775 marks. Chances of a pair of negligible growth, however, the penetration resistance of the nearest 1.6068 will open road to the highs of December. We believe that significant changes to the publication of NFP will not happen.
Forecast depreciation.
AUD / USD, H1
A pair of Australian dollar / US dollar clearly moves the script, now formed corrective wave (2) with the likely end around 0.9053, after which growth resumes. Penetration of this level of force to review the prospects of motion in the direction of reducing the price below the 90-th figure. Price reversal will force a couple to renew their highs, that will be regarded as a lengthening of 5-th wave. Recommended short positions from current levels.
Forecast depreciation.
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In this section you will be able to get the most accurate and effective daily Elliott Wave analysis for such currency pairs as EUR / USD, GBP / USD, AUD / USD.