Archives

Elliott Wave Analysis: EUR/GBP In Bearish Reversal

July 6th, 2020 (0)
EURGBP started firmly dropping from the 0.918 level (also level of a Fib. ratio of 61.8), giving us first signs of a possibly completed A-B-C move in a higher degree wave B) correction. We are now observing a minimum ...

S&P500 Looking Bullish Mid-Term

July 3rd, 2020 (0)
S&P500 made a five-wave rise from the 2185 level, where a higher degree wave (IV) correction found support. That said, the mentioned five-wave rally can be an indication of where the trend can be going; to the upside. If ...

USDCAD and NZDUSD Elliott wave analysis

June 24th, 2020 (0)
  USDCAD started rallying from the 1.3312 low, indicating that wave C) of a higher degree is completed, and that a minimum three-wave turn is underway. We labelled a completed first leg A/1 at the 1.368 level, which can ...

BCHUSD Can See One More Leg Lower, Before A Recovery – Elliott wave

June 23rd, 2020 (0)
  BITCOIN CASH is moving sideways since March-April, exactly after we noticed a five-wave rally into a wave A/1 from the lows. After every five waves, we expect to see a three-wave a-b-c pullback in wave B/2, which seems ...

EW Analysis: COCOA May Remain Sideways

June 17th, 2020 (0)
  COCOA is sideways for 10 years and seems like it will stay for a while. Today we will talk about Cocoa and its price action from Elliott Wave perspective. Well, looking at the longer-term weekly chart, we can ...

EURNZD and EURGBP Intra-day Updates – Elliott wave

June 11th, 2020 (0)
EURNZD is usually a perfect indicator for risk-on or risk-off sentiment. Currently it’s coming nicely higher as we expected two days back, ideally within wave »c« or »iii«, while stocks are in the sharp fall. So, if it stops ...

10 Year US Notes Are Trapped in A Bullish Consolidation – Elliott wave analysis

June 9th, 2020 (0)
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 (0)
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 (0)
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 (0)
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 ...
Broker Cyprus TopFX