ECMetts2112

ECMetts2112 Jul 1, 2023

It is going to be very hard for this to break through the 1.400 level. IT remains highly formidable resistance. It is also in the middle of a long term Elliott Wave and I think it has not truly filled out that 5th wave. Loong for a move below parity, perhaps .90 over the next 12 to 36 months.

ECMetts2112 Jul 1, 2023

Very simple. Potentially in the middle of a 5th wave up to complete a long Elliott Wave. Higher time frame candlesticks suggest things about to get volatile. Price target 2.0000 over the next 12 to 24 months.

ECMetts2112 Jul 1, 2023

Quarterly chart of AUD/USD. Looks like it has formed a massive multi decade head and shoulders formation. Price target of .50 over the next 24 months or so. Side note - All of the de-Dollarization doom narratives being parroted over the last few months should be viewed as a massive contrarian indicator. It's unlike anything I have ever seen. Time to get long USD...

ECMetts2112 Jul 1, 2023

Very simple. Long term 5 wave Elliot Wave impulse. Currently in the middle of the 5th wave. Expect major volatility and capitulation as it makes its way to parity over the next couple years or so.

ECMetts2112 Jul 1, 2023

Very simple. 5 waves up since the start of the floating exchange rate regime, followed by a sixth wave down past the lows of wave four. Don't overcomplicate it. Price target .80 over the next 36 months or so

ECMetts2112 Jul 1, 2023

Quarterly chart of USD/CAD. The 1.20 to 1.25 zone is incredibly important. So is 1.40 to 1.45. Also, take a look at this massive multi decade equidistant channel. It respected that channel in 2011. I foresee a move up to test the top end of that channel sometime before the end of the decade. First it has to test the range it's been in since 2015 and test the...