Currency pair = AUD/USD

Australian Dollar refer to wikipedia.org :-

The Australian dollar (currency code AUD) has been, since 14 February 1966, the currency of the Commonwealth of Australia, including Christmas Island, Cocos (Keeling) Islands, and Norfolk Island, as well as the independent Pacific Island states of Kiribati, Nauru and Tuvalu. It is normally abbreviated with the dollar sign $. Alternatively A$ or $A, $AU or AU$ is used to distinguish it from other dollar-denominated currencies. It is sometimes affectionately called the “Aussie battler”; during a low period (relative to the U.S. dollar) around 2001 and 2002 the currency was sometimes locally called the “Pacific Peso”. It is divided into 100 cents.

The Australian dollar is currently the fifth-most-traded currency in world foreign exchange markets (behind the U.S. dollar, the euro, the yen, and the Pound sterling), accounting for approximately 4–5% of worldwide foreign exchange transactions. The Australian dollar is popular with currency traders due to the relative lack of government intervention in the foreign exchange market, the general stability of the economy and government as well as the prevailing view that it offers diversification benefits in a portfolio containing the major world currencies (especially because of its greater exposure to Asian economies and the commodities cycle).

ElliottwaveSignal:

Long term trade.

TimeFrame = Daily.

Signal = pending Buy stop advice at 0.8900 area.

Risk Reward Ratio = 5.8

Medium term target for Minuette Wave5 between 0.9250 to 0.9580

Possible of next Elliottwave :-

Elliottwave Extension5C
This pattern has been defined as an Elliottwave Trending pattern in which wave 5 is extended.
If wave 1 and wave 3 are more or less equal in length a extended 5th wave can be expected.
Often an extension is preceded by an expanded flat in wave 4 or a failure in the previous wave C.
Mostly wave 3 is extended wave,although Elliott himself expected wave 5 to extend,
An extended wave 5 often equal to the price length of the beginning of wave 1 to the end of wave 3.
Once an extension in the wave 5 is completed,it will retrace very swiftly to the previous wave 2.

Popularity: 2% [?]

Currency Pair = USD/CHF

Swiss Francs from wikipedia.org :-

The franc (ISO 4217: CHF or 756) is the currency and legal tender of Switzerland and Liechtenstein. The Italian exclave Campione d’Italia and the German exclave Büsingen also use the Swiss franc. Franc banknotes are issued by the central bank of Switzerland, the Swiss National Bank, while coins are issued by the federal mint, Swissmint.

The Swiss franc is the only version of the franc still issued in Europe. Its name in the four official languages of Switzerland is Franken (German), franc (French and Rhaeto-Romanic), and franco (Italian). The smaller denomination, which is worth a hundredth of a franc, is called Rappen (Rp.) in German, centime (c.) in French, centesimo (ct.) in Italian and rap (rp.) in Rhaeto-Romanic. The official ISO code of the currency used by banks and financial institutions is CHF, though most users of the currency, including advertisers, and stores generally use the often more common Fr. abbreviation. Some users also write SFr.. SwF has been used in some publications but is not an official abbreviation. [1] [2] CHF stands for Confoederatio Helvetica franc. Latin is used as the neutral representation of the country because the people of Switzerland speak four national languages.

ElliottwaveSignal:

Medium term trade.

TimeFrame = Daily.

Signal = pending SELL limit advice at 1.2340 area.Market still have a little room at upside.End of upside momentum is expected around the month of Jun07.

Risk Reward Ratio = 8.3.

Medium term target for Minuette Wave3 at 1.1850 area .

Possible of next Elliottwave :-

Elliottwave TriangleContrC.
This Elliottwave pattern has been defined as a complex corrective pattern which all waves are corrective and the trendlines converge.It is a very common corrective pattern which takes form of a sideways correction.Triangles mostly occur in wave 4 or wave B and sometime in wave X.
This will be followed by stong thrust.The most likely price target for the following wave is the width of the converging channel at wave B added to wave E.

Popularity: 1% [?]