Friday, October 19, 2012

AUD/USD Look to the 1.05 Area (VIDEO)

AUD/USD Look to the 1.05 Area (VIDEO)


8-minute video by EWI's Currency Specialty Service editor shows you how the Elliott wave concept of "waves within waves" allows you to find both the short- AND long-term trends
In mid-July, AUD/USD, the exchange rate between the U.S. and Australian dollar (and a popular forex pair) was trading near 1.0100.
But Elliott wave analysis told EWI's Currency Specialty Service editor, Jim Martens, to expect a big rally: all the way to 1.05, at least.
Three weeks later, AUD/USD indeed rose to that target -- and then some. On August 7, AUD/USD hit a high of 1.0600 -- a 400-pip rally. There is a lot more to this story.