Archives
Elliott Wave Analysis: EURCAD Could Be In For More Upside; Let’s Wait On Broken Channel Line
April 11th, 2017
EURCAD touched our first support at 1.4100 from where we can see market turning slightly higher so we are wondering if maybe lows are already in place, since we can count three waves down from 1.4598. However, I prefer ...
Elliott Wave Analysis: EURUSD and USDCHF
April 6th, 2017
EURUSD On the 4h count of EURUSD we see price trading south following a completed zig-zag correction, that was in progress since the start of the year. Current reversal is strong and clearly impulsive, thus an important sign of ...
Elliott Wave Analysis: USDCHF Trading in Final Stages of a Complex Correction
March 28th, 2017
USDCHF is in bearish mode since start of the year which for now it’s in three waves from 1.0350 high, therefore it can be a corrective move. From an Elliott Wave perspective, we see pair in wave E of ...
Elliott Wave Analysis: EURGBP and EURNZD
March 22nd, 2017
Elliott Wave Analysis: EURGBP and EURNZD EURGBP EURGBP is slow, thus still in a fourth wave correction that may look for base near 38.2% Fib level. We see seven legs down from the highs as a complex correction so ...
Elliott Wave Analysis: EURUSD and GBPUSD
March 20th, 2017
EURUSD On the updated count of EURUSD we see price trading in a possible zig-zag correction of a higher degree, with waves A and B already completed. Current bullish rally is part of wave C, that may see more ...
Elliott Wave Analysis: NZDUSD and SILVER
March 16th, 2017
NZDUSD On the 4h chart of NZDUSD we can see a nice bearish breakdown to be in progress, with price now specifically trading in the middle of red wave three. As we know, wave 3 is known as the ...
Elliott Wave Analysis: Big Corrrection On AUDUSD Looks Completed; More Weakness May Follow
March 14th, 2017
On the Daily chart of AUDUSD we are observing a big, slow and overlapping price affair unfolding. This specific pattern is known as a contracting triangle correction that is made out of five sub-waves. As we can see on ...
Elliott Wave Analysis: EURJPY and CADJPY
March 8th, 2017
Elliott Wave Analysis: EURJPY and CADJPY We have seen some weakness on yen crosses during Asian hours, but we see only corrective set-backs within uptrend. EURJPY turned back down to the area of a former wave four where market ...
Elliott Wave Analysis: GBPUSD Trading In A Higher Degree Correction
March 7th, 2017
GBPUSD fell sharply to the downside, a few weeks back which we see it as the final wave V of III) that touched the 1.1493 level. If we are correct and price really did post wave III) lows, then ...
Elliott Wave Analysis: EURJPY and GOLD
March 6th, 2017
Elliott Wave Analysis: EURJPY and GOLD EURJPY bounced almost 300 pips from the low. In fact, pair moved up with nice five waves which is an important indication for a resumption of an uptrend. That said, traders should be ...
