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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 ...
Snapchat IPO considered overvalued by analysts
March 1st, 2017
Snapchat owner Snap Inc. hopes to fetch between $14 and $16 per share in its initial public offering this week but analysts think it may be overvalued. The popular mobile app, which allows users to send photos and videos ...
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 ...
