EURUSD 4h chart, looking for a retracement to a fib level for [2]

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I've posted a daily, weekly, and a monthly chart of the NZD/USD as I see it. Near term I want to see price drop below 0.7434 to complete wave 'C' of the correction that began 06Nov2007. Looking at the daily chart, there is a clear three wave decline and a clear five wave rally. Those are both screaming that price is headed higher in my book. The large decline from the high of 0.8107 back in July is in three waves. Three wave patterns are corrective in nature and because of that, we know that the high of that correction will be taken out at some point. Following that, there was the five wave advance and now the correction that is still playing out. Since the five wave rally hasn't taken out the high yet, I'm to assume that the next rally will be a large wave three. So the target for that wave is up at roughly 0.9400.

The weekly and monthly charts provide more evidence that price is headed higher. Also, the Kiwi is following the EUR/USD price action overall. Since higher prices are expected in EUR/USD, it's obvious that higher prices are coming in Kiwi as well.

Fundamentally, gold and oil prices are expected to continue to move higher and higher. Since the Kiwi is a commodity currency and closely correlated with gold/oil prices, we should see the price of NZD/USD keep on moving higher.

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Here's the daily chart of EUR/GBP. Price keeps extending over and over again in wave three. It looks as though one more little retracement and one more rally is required before this pair will actually be done with the large wave three.

I think it's neat how this pattern is unfolding.

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USDCHF 4h chart

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Can anyone here help me out with a long term AUD/NZD chart.... I cant find a chart that goes back more then 3 years :S ...

What is the formula for the blue dots ? TIA

Here it is.

Cheers

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Brad.

I do not have a wave count for this pair. But if you are just looking for a chart with data that goes as far back as 1985, Metaquotes MT4 Platform has it.

if you just want charts without the count, let me know so I can send to you or post here temporarily.

EG

Hey bud.. thanks ! I downloaded MT4 demo for charts ... Do you have a long term count for AUDNZD going back to 85 ?? Price looks pretty whipsaw eh ! thanks again

I think Jamie's count looks pretty good...

http://www.dailyfx.com/story/currenc...303078231.html

NZDUSD.....the 5 wave rally from .6639 to .7891 indicates additional upside potential BUT not before larger wave 2 completes a correction. The minimum for the decline is the wave a low of .7435. The former 4th is at .7365 and the 50 and 61.8 retrace levels are at .7265 and .7118. So....trade from the short side with a stop above .7791 until wave c completes 5 down.

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Usd/Cad .............

Jamie ,
also keep an eye on this going into the US morning session.......

Which way could this break ? ...............If , it breaks at all !
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Yeah...I here ya. That choppy rally could be a series of 1s and 2s, in which case, the break is higher into 1.0070 resistance....or is the rally a diagonal. Even if it is a diagonal, a spike to 1.0070 is still possible in the form of a throwover but then we'd see a top and reversal. Time will tell.

The EURUSD is setting up nicely for the C wave decline into 1.4500 before wave 3 takes off into the 1.50's. Wave 1 of C will be complete following a drop below 1.4696. Then look to sell the wave 2 rally near 1.4735/50

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Usd/Gbp

Here we go again ? .............
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There is a chance that either wave 2 or B has ended in the USDCAD. The next probable move (as I see it) is below .9755 and into .9500.

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