The short-term Elliott Wave view on AUDUSD suggests that the cycle from the 8.11.2022 high is in progress as a 5 waves impulse structure. Down from the 8.11.2022 high, wave 1 ended at 0.6699, and the rally in wave 2 ended at 0.6916. Wave 3 took the form of a correct to a lesser degree. Down from wave 2, wave ((a)) ended at 0.6665, and the rally in wave ((b)) ended at 0.6747. The pair resumes lower in wave ((c)). The final leg lower wave ((c)) ended at 0.6360 which completed wave 3.
and the rally in wave 4 ended at 0.65460. The pair resumes lower in wave 5.
Wave 5 took the form of a correct to a lesser degree. Down from wave 4, wave (w) ended at 0.63480, and the drop in wave (x) ended at 0.6190. The pair resumes higher in wave (y). (y) higher is in progress and expected to reach 0.63695 – 0.64785 celeste box area to complete wave (y). This Celeste box area is a 100% – 161.8% Fibonacci extension of wave (w). From this area, the pair should resume lower in wave 5. Near term, as far as the pivot at 0.65460 high stays intact, expect the rally to fail in 3, 7, or 11 swings for further downside.
AUDUSD 1 Hour Elliott Wave Chart 15 Aug 2022
AUDUSD 1 Hour Elliott Wave Chart 07 Sep 2022
AUDUSD 1 Hour Elliott Wave Chart 04 Oct 2022
AUDUSD 1 Hour Elliott Wave Chart 20 Oct 2022
Most Recent Articles


Elliott Wave View: NZDUSD Gains Buyers Momentum After Completing Zigzag Correction
"Dear Traders, In this technical article, we’re going to take a look at the Elliott Wave charts of NZDUSD, which are thoughtfully presented in the exclusive member's area on our


Elliott Wave View: EURAUD Found Buyers After Completed Double Three Pattern
Hello fellow traders. In this technical article, we’re going to take a look at the Elliott Wave charts of EURAUD, presented in the member's area on our website. Recently, EURAUD


Elliott Wave View: AUDUSD any Rally it can Fail for More Downside
The short-term Elliott Wave view on AUDUSD suggests that the cycle from the 8.11.2022 high is in progress as a 5 waves impulse structure. Down from the 8.11.2022 high, wave


Elliott Wave View: CADJPY Should Continue to Extend Higher
CADJPY shows a bullish sequence from the August 02 2022 low suggesting further upside is likely. The Rally from the August 02 low is unfolding as an impulse Elliott Wave


Elliott wave View: Bitcoin (BTCUSD) Entering Into A Wave Five Lower
The short-term Elliott wave view in BTCUSD suggests that the decline from March 28, 2022, High is unfolding as an impulse structure favoring some more downside. Down from 03/28/2022 high,


Elliott Wave View: EURJPY Buyers in Control
In this technical blog, we’re going to take a quick look at the Elliott Wave charts of EURJPY published in the member's area of the website. As our members knew,