Your browser does not support JavaScript!
AUDUSD Elliott Wave Blog!

AUDUSD Elliott Wave Theory in Action

Elliott Wave Forex AUDUSD 1 + 4 hr  14 Feb 2019

Elliott Wave Forex AUDUSD 1 + 4 hr 14 Feb 2019


Elliott Wave Forex AUDUSD 1 + 4 hr  14 Feb 2019

Aud/Usd 1 Hour Chart
Thursday, 14 February 2019 at 10:48:00PM EST

AUDUSD has been trading clearly bearish since the end of January, indicating that a bearish impulse can be in play, with its five legs. As we look closely, we can see current three legged recovery from the lows (0.705 level) as a possible wave iv, which can look for resistance and a bearish continuation near the 0.713 level of a former swing high, or at the 0.716 area, where Fibonacci ratio of 50.0 and the upper channel line sit. In case we get a sharp drop towards, and below the 0.707 level, then this would favor more weakness, however, in case we see a sharp rally above the 0.719 level, then this would confirm a low in place, and a bullish continuation.


Aud/Usd 4 Hour Chart
Thursday, 14 February 2019 at 3:30:00PM EST

No change.
AUDUSD is recovering since the beginning of the year, giving us an idea that a five-wave decline had found a low at the 0.667 level, and that now a three-wave recovery is in play. This recovery has already unfolded wave A), and is now unraveling corrective wave B), which can show up as a flat correction, and can look for support and a bounce near the 0.707 level (level of a former swing low), or deeper around the 0.690 level. That said, a later break above the 0.729 level would confirm a bullish continuation.



$1 for a 20 Day Trial Membership to see all our fantastic Elliott Wave analysis for your self!


Forex AUDUSD Elliott Wave, Forex AUDUSD, AUDUSD Elliott Wave, Forex, AUDUSD, Elliott Wave,


Not any article




You need to login in order to comment
What our clients say
Latest AUDUSD posts

 Get Your Trial
20 Days for $1


At TradingLounge we offer our Members access to all areas!

  • Our coverage means you get maximum flexibility in your trading options
  • Trade Signals for Share + CFD trading
  • Analysis + Trades updates every day
  • Elliott Wave specialists
  • Discretionary strategies to take away


Our huge range of markets include charts + videos for:

  • Indices – US, Asian + Euro
  • Commodities – Gold, Oil
  • Forex daily – Primary pairs + US Dollar Index
  • Buy/Sell Trade Signals – ASX, US + UK stocks – selection, set, come back next day

Also included so your trading can really improve:

  • TradeCheck to check your own analysis or trades
  • CFD Analytics Software to calculate, manage and track your trading
  • Trading Education plus One-2-One Class
  • Phone + Email support
AddThis Sharing
AddThis Sharing