EURAUD still looks corrective in wave 4) here. Why? Base channel support line acts as a resistance, also ideal resistance around previous wave iv and ideal 38,2% Fibo. retracement. ... Read More
Overall euro is trying to recover, so we are observing some of bullish developments against weak currencies like pound. There was a nice pop-up in price in the last ... Read More
EURJPY is turning down from 129.22 level, but in overlapping fashion which gives us thinking that maybe wave 1 is unfolding an Elliott wave leading diagonal which ... Read More
Probably the most interesting pair for JPY trade is EURJPY which is rolling down in five waves from 130.00. It’s a nice looking wave structure that also took price ... Read More
EURAUD is falling strongly from 1.636 high, suggesting that a bigger bullish cycle found a top, and that a new minimum three-wave reversal to the downside is in play. ... Read More
Gold has turned nicely to the upside at the end of September, after a full completion of a corrective wave B which found a base at the 1180 level. ... Read More
USDCAD made a nice drop down from 1.2996 level, where corrective wave iv as part of an ending diagonal had ended. Current weakness we now see as sub-wave v ... Read More
USDCAD is making an aggressive turn from 1.2800 area, now already back above 1.2900 so we are considering that bottom can already be in place. We see wave 1) ... Read More
Crude oil has recently fully unfolded a triangle correction in blue wave 4, which found support near the 67.00 area and from there broke higher. We can see a ... Read More
Dax is trading lower or sideways I should say since 2018, and at the moment it is in strong negative correlation with SP500 if we consider that US stocks ... Read More
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