AUD/USD - Is correcting the first impulsive decline from the 0.7835 high

AUD/USD - Wave 1 of [5] terminated at 0.7141 now look for wave 2 higher to 0.7409 before lower in wave 3

AUD/USD - Wave 1 of [5] terminated at 0.7141 now look for wave 2 higher to 0.7409 before lower in wave 3

AUD/USD - Is correcting the first impulsive decline from 0.7835 

On April 15 I called for a top in AUD/USD in the 0.7780 - 0.7800 area (you can see that post by clicking here). The top was seen at 0.7835 and has since moved lower in an impulsive fashion and the first impulsive decline terminated at 0.7141 and is now being corrected by wave 2 of [5]. 

Once the correction in wave 2 is over near 0.7409 a new impulsive decline in wave 3 of [5] should be seen towards at least 0.6690 and most likely even lower to the extension target at 0.6263, before it will be corrected by wave 4 of [5]. 

This is a perfect example of the power of Elliott Wave Analysis. First spotting the top almost to perfection and the collecting 650 pips just on the first impulsive wave lower. To enjoy more calls like this, join the EWS as a member and be ahead of the rest. 

You can join the EWS-service by subscribing here

When a 1+ is highlighted in the right hand corner, more charts is available, in this chart-pack 3 charts can been seen. To see the other chart, click on the chart, which blows it up and in the center part at the bottom a control panel will be highlighted. Use the arrow to see the additional chart. 

Hani
2014-06-06
I have been a fan of you blog for several years!
I am so impressed at your renewal.
Elliott wave analysis is so difficult to me, but so interesting and useful.

Thank you
Hani
Duane
2014-08-29
Hey EWS,

Great work on the GBPCAD and the NZDCAD. These are the type of opportunities that I am looking for, monthly turns caught with daily or hourly entries. Easy money!!

Duane
Roelant
2016-06-26
Hi Elliotwavesurfer,

Your forecast of the EURUSD waves and reversals on Brexit day were spot on! This was not chaos, the crowd followed a pattern!

GBPUSD was abolutely 100% too!Unbelievably accu...