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10 Year US Notes Are Trapped in A Bullish Consolidation – Elliott wave analysis
June 9th, 2020
10-year US notes fell sharply last week, which allowed stocks to move higher as yields rose. Technically speaking, this drop on 10 year should not be any big deal, or trend changer, as it appears to be just another ...
Elliott wave analysis: USDCAD In A Triangle consolidation
June 9th, 2020
USDCAD is bullish long-term, however recent price activity suggest price being trapped in a triangle correction of a higher degree wave IV. Now we see price reversing lower, down from the upper triangle line, suggesting that wave C of ...
Silver Approaching Resistance – Elliott wave analysis
May 27th, 2020
Silver is bullish, following a low in March for a higher degree wave C), however this may come to a temporary halt. We see price approaching possible resistance levels at the 17.57 level and 18.08 level, where former swing ...
Crude Oil on the Way Towards March 09 Gap – Elliott wave analysis
May 21st, 2020
Crude oil is bullish since end of April and is currently trading very strongly towards $35 per barrel. This can be now a temporary resistance, ideally for wave 5 of A), therefore traders should be aware of a potential ...
Bearish Triangle On USD Index Can Support GBPUSD – Elliott wave analysis
May 20th, 2020
USD index is trading sideways for some time now, ideally unfolding an Elliott wave triangle correction in wave B that is part of a three-wave corrective decline. A triangle is a continuation pattern, which has five legs in a ...
European stocks whipsawed on Tuesday morning; Stocks in Asia jumped
May 19th, 2020
European stocks whipsawed on Tuesday morning, halting the positive trend set at the start of the week as hopes rise for a coronavirus vaccine. The pan-European Stoxx 600 reversed earlier progress to slide 0.4% below the flatline, with construction ...
USDJPY Completing A Pullback and Turning Higher – Elliott wave
May 18th, 2020
USDJPY made a sharp rise from the 101.16 level, following a completed A-B-C move into a leg Y of C), which is part of a bigger triangle correction. We labelled recent rally as A of D), which is completed ...
Elliott wave analysis: USDTRY into a temporary correction
May 13th, 2020
USDTRY has completed a bigger triangle correction at the 5.63 level, from where a new bullish move started developing. We are tracking a five-wave move higher, an impulse, with price currently turning down from 7.27 high, suggesting that wave ...
Crude oil and German BUND Look – Elliott wave analysis
May 4th, 2020
Crude oil extended its drop, down from 33.0 swing high, and fully unfolded a fifth wave of 3. Afterwards we have seen a new rally in minor five waves labelled as sub-wave A), up from the lows, which is ...
EURAUD On A Bearish Ride – Elliott wave analysis
April 30th, 2020
Hello traders, EURAUD is in a bearish trend, down from 1.980 level, as we see a clear five-wave in the making. At the moment we are observing a five-wave structure within a third wave of a bigger impulse, that ...