Menu

AUD/USD Elliott Wave Forecast 16th March, 2018

× Alert!
  • - Can't withdraw your funds from this fraudulent company?
  • - Have they asked you to pay excessive withdrawal fees or to deposit more funds?
  • - Or is there an excessive delay in processing your withdrawal?
  • - Are they trying to push you into depositing more money with them even without withdrawing the one you've already put in?

It's a CONFIRMED scam company, recover your stolen funds by clicking the button below, then fill out the form and you will get a FREE Mychargeback consultation today:


Click the button below, fill out the form to recover your lost funds from this scam company


Click Here To Recover Your Stolen Funds

AUD/USD Elliott Wave Forecast 16th March, 2018

AUD/USD Elliott Wave Forecast

AUD/USD Elliott Wave Forecast in 15 Minutes chart

The bearish trend is present in AUD/USD currency pair, 15 minutes time frame based on AUD/USD Elliott Wave Forecast. As I have forecasted few hours ago, the price of AUD/USD pair is going to drop now on a short-term basis to prints a Bearish Impulse wave (v) Elliott pattern and traders should look for a sell trade. So, all those Forex traders who have followed my analysis have made the right decision as price has descended.

Strong key resistance level is present at 0.7859 price area. In my judgment, price action in AUD/USD currency pair is now going to drop more to print a Bearish Impulse wave (v) leg as bullish Zig Zag corrective wave (iv) leg has completed. So, market is going to remain bearish to complete the Bearish Impulse Elliott wave (v) pattern which looks in-complete. Based on Elliott wave analysis, the current bearish price action is part of a bearish wave d corrective wave leg in higher degree Elliott wave pattern.

Advantages of using forex robots

Here are the main advantages of using Forex trading robots:

Accuracy

With automated forex trading robots, you get the accuracy needed for trading. The robot does all the work for you as you watch it work.

Most of the expert-recommended forex robots on our list furnish members with the best in-house trading experience.

Dependable

The robots you will get from us are tested and proven to work. Dependable robots will furnish traders with the right tools when trading.

Get dependable robots that showcase how best to take advantage of the market by placing informed trades.

Ease of use

Using the robot is another aspect every trader must learn. And that’s why these robots come with a user-friendly appeal.

The robots have what it takes to offer some of the best in terms of reliability and accuracy.

Fun to use

Trading doesn’t have to be all that serious, with a fun forex trading robots, you get to enjoy manipulating the market.

Traders who are happy at their job often furnish others with the best in terms of fun times.

Have you been scammed by any forex provider?

Worry not, we have partnered with one of the best in the industry to offer reliable moneyback recovery services. Find out more

Currently, Bearish Impulse Elliott wave (v) leg looks in-complete. So, a good idea is to look for a possible sell trading chance to join the down trend around 0.7800 price area. However; if the price of AUD/USD currency pair breaks above 0.7859 vital resistance level then down trend is going to end. In such a market scenario, it would be best not to trade the Forex market and re-do the AUD/USD Elliott wave analysis in fifteen minutes chart.

If you are a trader who prefer to use robots and EAs to automate your trades and make them very profitable for you or require very good forex/stock training resources, please check this page.

Now, at this point; I must acknowledge that the trend is also bearish in higher time frame of AUD/USD currency pair.

AUD/USD Elliott Wave Forecast in 4 Hours chart

Below is the 4 hours chart of AUD/USD pair with my Elliott wave analysis which shows us a big picture and a well started bearish trend as well.

AUD/USD Elliott Wave Forecast

Now market is trying to falls down to complete the Bearish Running Triangle Elliott wave pattern. The bearish wave d leg is not the last decline as price is going to rise up and down few more time. Within the Bearish Running Triangle pattern, all sub-waves must sub-divides into 3, 3, 3, 3 and 3 waves Elliott pattern.

The following Elliott Wave Bearish Running Triangle pattern diagram shows us a completed Bearish Running Triangle wave leg within the frame work of Elliott wave principle.

Bearish Running Triangle pattern

Based on my AUD/USD Elliott Wave Forecast in 4 hours chart, we have got an in-complete Bearish Running Triangle pattern. Now, price is probably going to falls more lower to complete the bearish wave d leg. To me; in fifteen minutes chart of AUD/USD currency pair the bullish leg in price action is just a pull back in a down trend as mentioned above as Bullish Zig Zag inside a 15 minutes price chart.

Strong key resistance level is present at 0.7916 in AUD/USD four hours chart. So, I expect market to falls down more now to complete the bearish wave d leg. So, in my opinion market is going to remain sideways and then resume the down trend in AUD/USD currency pair, in 4 hours chart.

However; price should stays below 0.7916 resistance area in 4 hours time frame to keep the down trend alive. A clear bullish break out in price action above 0.7916 resistance area will end the down trend and in such a market scenario, it would be best not to trade the market and re-analyze AUD/USD 4 hours chart.

Summary

 

Based on AUD/USD Elliott Wave Forecast the trend is down in 4 hours chart and a good idea is to look for a sell trade around 0.7885 price area, as price is going to drop more towards 0.7705 but a clear bullish break out in price action above 0.7916 vital resistance area will end the down trend. On a short term basis, it is again a bearish trend in AUD/USD 15 minutes time frame and a good idea is to take a sell trade around 0.7800 price level and price is probably going to drop towards 0.7765 price level. However; if the price of AUD/USD currency pair breaks above 0.7859 vital resistance level then bearish trend is going to end. We recommend trading with these top-rated brokers when using our signals/analyses/forecasts as they handle your trades quicker and more efficiently with very low spreads and most of them have high trade execution rate.

Leave a Reply

Your email address will not be published. Required fields are marked *

YouTube video

Follow Us

Valforex.com will not be liable for any damages incurred due to the usage of any information displayed on this website. The information and trading guides found on the website constitute the authors’ opinion only. Trading Forex, Binary options and Cryptocurrencies involve high-risk and are not suitable for all investors. Online trading in general, may not be legal in your jurisdiction. It’s visitors’ responsibility to make sure these entities are legal in their jurisdiction before engaging in trading activity. All trademarks, images and logos that appear on this site are copyrights of their respective owners and have been used under the Act of Fair Use.

Copyright © 2022 · Valforex.com | Privacy Policy | Earnings Disclaimer DMCA.com Protection Status