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AUD/USD Forecast today 25th July, 2017

AUD/USD Forecast today 25th July, 2017

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AUD/USD Forecast today in 15 Minutes chart

The bullish trend is present in AUD/USD currency pair, 15 minutes time frame based on AUD/USD Forecast today. As I have forecasted few hours ago, the price of AUD/USD pair is going to drop now on a short-term basis to print bearish Zig Zag Elliott wave 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.

AUD/USD Forecast today

Strong key support level is present at 0.7900 price area where the corrective Bearish Zig Zag wave C has ended. In my judgment, price action in AUD/USD currency pair is now going to rise up few more pips to complete the bullish wave b impulse Elliott Wave leg. Based on Elliott wave analysis, the upcoming Bullish Impulse wave c is going to be the resumption of an up trend. Wave c will also complete the bullish Zig Zag Wave D leg. So, I expect the market to resume an up-trend as bearish wave C Zig Zag pattern has almost completed.

Currently, Bullish Impulse wave c looks in-complete. So, we should look for a possible buy trading chance at 0.7925 price area to join an up-trend. However; if the price of AUD/USD currency pair breaks below 0.7900 vital support level then up 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 Forecast today in fifteen minutes chart.

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

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AUD/USD Forecast today in 4 Hours chart

Below is the 4 hours chart of AUD/USD pair with AUD/USD Forecast today which shows us a big picture and a nice up trend as well.

AUD/USD Forecast today

To me; price is printing a Bullish Contracting Triangle Elliott Wave pattern in 4 hours chart. Now, market is moving sideways to first complete all the Bullish Triangle legs. Next, I expect price to move up towards 0.8000 price area.

The following Bullish Contracting Triangle pattern diagram shows us a completed wave A, B, C, D and E leg within the frame work of Elliott wave principle.

Bullish Contracting Triangle pattern

Based on my AUD/USD Forecast today, we have got an incomplete Bullish Contracting Triangle pattern in AUD/USD currency pair, 4 hours time frame. Now, price is probably going to move sideways to complete all the triangle legs. To me; the bearish decline in price action was just a bearish Zig Zag wave C as mentioned above in fifteen minutes chart of AUD/USD pair. Strong key support level is present at 0.7874 in AUD/USD four hours chart.

So, I expect market to rise up more now to complete the Bullish Impulse Wave 5 Elliott wave pattern. So, in my opinion market is going first complete the Bullish Triangle Pattern and then resume an up trend in AUD/USD currency pair, time frame is 4 hours chart.

However; price should stays above 0.7874 support area in 4 hours time frame to keep the up trend alive. A clear bearish break down in price action below 0.7874 vital support area will end the up trend and in such a market scenario, it would be best not to trade the market and re-analyze the AUD/USD 4 hours chart.

Summary

Based on AUD/USD Forecast today the trend is up in 4 hours chart and a good idea is to look for a buy trade around 0.7940 price area, as price is going to rise towards 0.8000 but a clear break down in price action below 0.7874 vital support area will end the up trend. On a short term basis, it is again a bullish trend in AUD/USD 15 minutes time frame and a good idea is to take a Buy trade around 0.7925 price level and price is probably going to rise up towards 0.7960 area. However; if the price of AUD/USD currency pair breaks below 0.7900 vital support level then bullish 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.

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One Reply to “AUD/USD Forecast today 25th July, 2017”

  1. Been waiting for this forecast to come out, not going to lie not what I expected but it’s very interesting to see.

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