Archives
Elliott Wave Analysis: EURJPY, Crude oil and USDCAD Intra-day Movements
November 12th, 2018
Probably the most interesting pair for JPY trade is EURJPY which is rolling down in five waves from 130.00. It’s a nice looking wave structure that also took price out of an upward channel so more weakness is expected ...
Elliott wave Analysis: Bears on EURAUD Taking Over
November 7th, 2018
EURAUD is falling strongly from 1.636 high, suggesting that a bigger bullish cycle found a top, and that a new minimum three-wave reversal to the downside is in play. We labelled a wave A in play, where we are ...
Elliott wave Analysis: GOLD and German DAX Update
October 30th, 2018
Gold has turned nicely to the upside at the end of September, after a full completion of a corrective wave B which found a base at the 1180 level. We can see that precious metal unfolded a five-wave rally ...
USDCAD and AUDUSD Can Face A Reversal – Elliott wave Analysis
October 16th, 2018
USDCAD made a nice drop down from 1.2996 level, where corrective wave iv as part of an ending diagonal had ended. Current weakness we now see as sub-wave v of C, which can look for support near the 1.2925 ...
USDCAD and USDCHF Aiming Higher – Elliott wave Analysis
October 9th, 2018
USDCAD is making an aggressive turn from 1.2800 area, now already back above 1.2900 so we are considering that bottom can already be in place. We see wave 1) as part of a bigger, bullish cycle completed, and now ...
Elliott wave Analysis: Triangle Finished on Crude Oil; More Upside in View
October 1st, 2018
Crude oil has recently fully unfolded a triangle correction in blue wave 4, which found support near the 67.00 area and from there broke higher. We can see a decisive break above the upper triangle line, which confirms a ...
Weekly Pattern On Dax Shows Room For 14k-15k
September 20th, 2018
Dax is trading lower or sideways I should say since 2018, and at the moment it is in strong negative correlation with SP500 if we consider that US stocks are at ATH. But this divergence has been the case ...
USDCAD Slowing Down, while Gold Ticking Higher – Elliott wave Analysis
August 20th, 2018
USDCAD is currently reversing down from 1.3090 level which looks to be wave b of a three-wave correction from the lows. That said, current drop may look for support and later make a new bounce into wave c of ...
Elliott wave Analysis: NZDUSD Is Stopping for A Pullback; More Weakness Expected
August 17th, 2018
NZDUSD is trading lower, unfolding a new five-wave drop out of a triangle correction located at 0.6834 level. We see three waves to the downside completed, meaning a new temporary three-wave rally can follow as wave 4. We already ...
Crude oil and NZDUSD Aiming for Weaker Prices – Elliott wave Analysis
August 9th, 2018
Crude oil is moving sharply lower after a very nice technical reaction lower from the upper channel resistance line that put highs in play for sub-wave 2) at 69.85. If that is the case, then current drop is part ...
