Elliott Wave Analysis: Silver and AUDUSD 

intraday audusd

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Elliott Wave Analysis: Silver and AUDUSD

Silver is moving higher for the last 24 hours, with nice and aggressive move up from 16.63 that made an overlap with 17.00 about we talked yesterday. That’s an important evidence for further rally on metals, definitely back above 17.25 on silver while price is above 16.73.

Silver, 1h

intraday silver

AUDUSD is unfolding a strong and sharp price move to the upside, which can be viewed as the first sign of a completed wave 4) correction. As such bulls can now be taking charge and can be taking price higher above the 0.7962 level, once the current wave 2 correction fully unfolds.


intraday audusd


Disclosure: Please be informed that information we provide is NOT trading recommendation or investment advice. All of our work is for educational purposes only.



By Gregor Horvat

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