Menu

AUD/USD Elliott Wave Forecast 3rd November, 2017

Nebeus-Loans

AUD/USD Elliott Wave Forecast 3rd November, 2017

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 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 0.7729 price area which is the most originating point of bearish wave (i) leg. In my judgment, price action in AUD/USD currency pair is now going to drop more to print a Bearish Impulse wave (iii) leg. So, market is going to remain bearish to complete the Bearish Impulse Elliott wave pattern which looks in-complete. Based on Elliott wave analysis, the current bearish price action is part of a bearish wave 5 Impulse wave leg in higher degree Elliott wave pattern.

Currently, Bearish Impulse Elliott wave (iii) leg looks in-complete. So, a good idea is to look for a possible sell trading chance to join the down trend around 0.7673 price area. However; if the price of AUD/USD currency pair breaks above 0.7729 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.

Bearish Impulse Wave

👉 ***Do you want to earn a side income with a stable crypto investment platform that generates sustainable monthly yields? Get this: You can now make a steady profit margins thanks to a new innovative way of investing in crypto. YieldNodes is the answer you need to start making a decent profit with cryptocurrency investment whether you are a beginner or professional in the crypto space. A multi-tiered node rental program is what Yield nodes is bringing to the table. Master-noding is the avant-garde of generating high ROI thanks to the ingenious of Stefan Hoermann and his team. With master-noding, you invest and let the platform do the rest for you. What is master-noding? It is not TRADING. It’s a new way of generating revenue by providing technology that relies on a proof of stake approach. Yieldnodes operates these crypto master-nodes and optimizes complex strategies to ensure members earn a profit. Yield Nodes will prioritize your security by providing accurate investment options. Members get protection from external losses or unforeseen changes in market conditions. This is not in any way a get rich quick scheme; once you deposit funds; you have to wait for the yields to mature. Yieldnodes is providing a proven, innovative, and secure way of making high returns on your investment with crypto master-noding.  With just a minimum deposit of €500, you are good to go! With a minimum contract duration of four months, it gives users a chance to fully experience master-noding. By joining Yieldnodes, you stand a chance of making 5 to 15% every month.  If you are still wondering whether this is a safe option, you can cancel the contract at any given time. For those who want to join and upgrade their investment strategy, Yield Nodes is the solution.

Click Here To Sign up with Yieldnodes Today

PS: YieldNodes is 100% Verified and Recommended by Valforex.com.

To me; price is trying to complete the Bearish Impulse Elliott wave pattern. The bearish wave 5 leg is the last and final decline as price is going to prints a bottom after that. Within the Bearish Impulse wave pattern, all sub-waves must sub-divides into 5, 3, 5, 3 and 5 waves Elliott pattern.

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

Bearish Impulse Wave

Based on my AUD/USD Elliott Wave Forecast in 4 hours chart, we have got an in-complete Bearish Impulse wave 5. Now, price is probably going to falls more lower to complete the bearish wave 5 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 leg inside a 15 minutes price chart.

Strong key resistance level is present at 0.7896 in AUD/USD four hours chart. So, I expect market to falls down more now to complete the bearish wave 5 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 0.7896 resistance area in 4 hours time frame to keep the down trend alive. A clear bullish break out in price action above 0.7896 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 0.7650 price area, as price is going to drop more towards 0.7600 but a clear bullish break out in price action above 0.7896 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 0.7673 price level and price is probably going to drop towards 0.7650 price level. However; if the price of AUD/USD currency pair breaks above 0.7729 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.

LET’S KEEP IN TOUCH!

We’d love to keep you updated with our latest news and offers 😎

We respect your privacy. Read our privacy policy for more info.

One Reply to “AUD/USD Elliott Wave Forecast 3rd November, 2017”

  1. This is brilliant information on the AUD/USD current trend. I will be sure to seel trade when it hits 0.7650. I am really impressed with your forecasts, they have helped me do well with past predictions! keep it up, cheers!

Leave a Reply

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

Profitfarmers

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.