Search Results for: Trading
NZDJPY Eyeing 73.6/74.2 Zone
August 31st, 2020
NZDJPY is similar to AUDJPY recovering; we see NZDJPY breaking out of a corrective channel, which is a confirmation that wave 4 of a higher degree wave A is completed at 68.71 level, and that wave 5 is underway. ...
European stocks are set to open higher on Monday
August 31st, 2020
European stocks are set to open higher on Monday as dovish U.S. monetary policy signals gave a boost to global risk assets. Germany’s DAX index is seen climbing 116 points to 13,145, France’s CAC up 44 points at 5,049 ...
Triangle on AUDJPY In Final Stages! – Elliott wave
August 27th, 2020
AUDJPY can be ending a big, bullish triangle pattern within a corrective wave 4, which was in action since June of 2020. We can see five potentially completed legs in a triangle, where final leg e looks to have ...
Bears All Over EURAUD – Elliott wave analysis
August 24th, 2020
EURAUD made a firm drop, down from 1.98 high, which was set in March. We can see that price made a five-wave development, which is first evidence for a bearish trend being made. That said, a five-wave movement has ...
European markets look set to start the week on a positive note
August 24th, 2020
European stocks are expected to open in positive territory Monday as investors weigh the latest financial, geopolitical and coronavirus news worldwide. London’s FTSE is seen opening 31 points higher at 6,025, Germany’s DAX is seen 67 points higher at ...
Gold into A Corrective Pause; 1860/1800 Support in View – Elliott wave analysis
August 21st, 2020
Gold may have completed a higher degree wave III), and its five-wave cycle at latest 2073 highs. We now see a complex W-X-Y move unfolding within a higher degree wave IV) correction, with possible support at the 1863/1800 level, ...
Most Asian currencies struggled for direction on Friday
August 21st, 2020
Most Asian currencies struggled for direction on Friday as the yuan pulled back after hitting a seven-month high against the U.S. dollar, while the Taiwan dollar strengthened on the back of better-than-expected export orders. The yuan often tends to ...
Crude Oil Suggests A Reversal Down – Elliott wave analysis
August 20th, 2020
Crude oil is trading in a wedge pattern from end of June, which is known as an Elliott wave ending diagonal. We are tracking final stages of a sub-wave v of 5 being made, so be aware of limited ...
GBPAUD May Continue Lower After a Recovery – Elliott wave Update
August 19th, 2020
GBPAUD is in a downtrend, as we see a sharp fall in impulsive price activity from 2.085 high. We are tracking a so-called impulse, a move that is structured by five waves, where two of them are corrections: ...
An unexpected systemic crisis is for sure
August 18th, 2020
Downturns in bank credit expansion always lead to systemic problems. We are on the edge of such a downturn, which thanks to everyone’s focus on the coronavirus, is unexpected. We can now identify 23 March as the date ...
