Archives
Elliott Wave Analysis: Crude OIL and GBPUSD
February 24th, 2017
Crude OIL Crude oil found some nice support at 51.80 last week from where a strong recovery appears to be impulsive. Ideally that was wave 1, which found a top around the 54.50 region, meaning that recent slow and ...
Elliott Wave Analysis: EURGBP and EURJPY
February 23rd, 2017
EURGBP On the 4h chart of EURGBP we see a nice bearish price action unfolding down from 0.8851 which is expected to continue after recent three wave bounce to 0.8640, labeled as wave 2). If we are correct, then ...
Elliott Wave Analysis: USDCAD and EURUSD
February 20th, 2017
USDCAD When Oil is on the rise that’s when Canadian dollar my benefit, so it’s a surprise to see a bearish count on USDCAD. What we see on hourly chart is a bearish impulse that suggest a resumption of ...
Elliott Wave Analysis: EURGBP and GOLD
February 17th, 2017
EURGBP EURGBP is also moving up this week, but recovery can be corrective from Feb 13 low. We are observing wave 2 which can be looking for a reversal around 61.8% Fib. level after an ending diagonal in subwave ...
Elliott Wave Analysis: USDJPY and S&P500
February 15th, 2017
USDJPY We are long on USDJPY from last week, from 112.35 average entry. However, based on current structure and five sub-waves up from blue wave four, we think that this leg up can have limited upside today so we ...
Elliott Wave Analysis: DAX and GOLD
February 14th, 2017
Elliott Wave Analysis: DAX and GOLD German DAX A sharp turn down from 11890 on DAX suggests that index accomplished a five-wave movement within extended blue wave 3 and that current reversal represents a corrective structure in wave four. ...
Elliott Wave Analysis: USD Index and S&P500
February 13th, 2017
USD Index On the updated chart of USD Index, we can see a nice bullish rally taking place, with price now trading in the first wave one of a higher degree impulse. That said, the previous complex correction in ...
Elliott Wave Analysis: GBPJPY and Crude OIL
February 9th, 2017
GBPJPY GBPJPY made a perfect turn up from our highlighted “do or die” zone, where structure shows signs of a completed three wave correction. As such, more gains can follow now in impulsive fashion which would be expected to ...
Elliott Wave Analysis: Crude OIL and GOLD
February 6th, 2017
Crude OIL Crude oil is moving sideways since December, so we are very confident that this is just a contra-trend move within higher degree uptrend. The only question is where correction will end. Based on latest substructures and triangle ...
Elliott Wave Analysis: Triangle Correction On the AUDUSD Indicates Stronger Prices To Follow
February 1st, 2017
Elliott Wave Analysis: Triangle Correction On the AUDUSD Indicates Stronger Prices To Follow On the 1H chart of AUDUSD, we are looking at a triangle correction of a higher degree with price specifically trading in the final sub-wave E ...
