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Bears Underway on EURAUD – Elliott wave analysis

October 7th, 2020 (0)
EURAUD is bearish, however, sideways price activity since June of 2020 can be part of a corrective pause within a bigger trend. We are talking about a complex, W)-X)-Y) pattern in 4, where price can look for resistance at ...

Bulls Taking AUDUSD Higher – Elliott wave analysis

September 22nd, 2020 (0)
AUDUSD is trading bullish since 0.551 level, when a bigger, bearish trend found a low. We now see an impulsive price action underway, where price can be only reversing for a pullback from the highs. We are talking about ...

Breakout Of A Triangle On USDMXN

September 15th, 2020 (0)
In this analysis we will talk about a triangle pattern. Those who are familiar with them, will know that these are one of the most popular patterns by hundreds of traders. The reason why they are so interesting is ...

AUDJPY and NZDJPY Elliott wave Updates

September 4th, 2020 (0)
AUDJPY has been trading bullish since March of 2020, when a low was put in place. We can see that price unfolded a five-wave reversal labelled as higher degree wave A), which can now be showing first signs of ...

USDMXN Eyeing 20.6/20.3 Zone – Elliott wave analysis

September 1st, 2020 (0)
  USDMXN found a high at the 25.775 level and started turning lower. We are now observing a minimum, three-wave bearish reversal underway, where price is currently unfolding final stages of an impulse in wave III) or C). We ...

NZDJPY Eyeing 73.6/74.2 Zone

August 31st, 2020 (0)
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. ...

Triangle on AUDJPY In Final Stages! – Elliott wave

August 27th, 2020 (0)
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 (0)
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 ...

Gold into A Corrective Pause; 1860/1800 Support in View – Elliott wave analysis

August 21st, 2020 (0)
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, ...

Crude Oil Suggests A Reversal Down – Elliott wave analysis

August 20th, 2020 (0)
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 ...
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