Archives
Elliott Wave Analysis On USDCAD And USDCHF
August 11th, 2016
USDCAD USDCAD turned lower in the last two days, making a new bearish impulse that we see it as wave C of a flat in wave 4). Wave C should be made by five waves so another short-term decline ...
Elliott Wave Analysis: AUDUSD Trading In A Temporary Correction Within A Downtrend
August 10th, 2016
AUDUSD has turned down from 0.7834 high in May after wave C-circled completed a big corrective wave IV flat pattern. A flat has a 3-3-5 sub-wave structure, so it was a contra-trend movement that should send price back to ...
Elliott Wave Analyisis: GBPUSD In A New Possible Reversal
August 4th, 2016
GBPUSD fell sharply lower a month back after vote counts for EU membership showed that UK wants to leave the Euro zone. Pair fell to a new low which was technically expected as you know since we counted bounce ...
Elliott Wave Analysis: GOLD Reaching For Higher Levels
August 3rd, 2016
Gold is in a new bullish turn that could stay here for a while based on weekly and daily structure. As such, we will continue to look even higher now, after the correction in blue wave 2- ...
Elliott Wave Analysis: USD Index Trading Wihtin An Uptrend
August 2nd, 2016
On USD index daily chart we are observing a big sideways pattern since start of 2015; it’s slow, sideways and overlapping price action which is a personality of a contra-trend movement that can be completed now. We see it ...
Elliott Wave Analysis: S&P500 Aiming High, As Bulls Push Price Higher
August 1st, 2016
Stocks recovered very nicely and sharply since mid of February so a new bullish reversal is here. Reason for a bullish trend is a five wave rise from 1802 which is an impulsive structure that shows direction of a ...
Elliott Wave Analysis On EURJPY And GOLD
July 29th, 2016
EURJPY On the 4H chart we are observing anice impulsive cycle taking place, with price currently trading in a three wave correction, labeled as A-B-C. As we see on the chart price amde a nice drop lower, after the ...
Elliott Wave Analysis On USD Index And S&P500
July 28th, 2016
USD Index USD index is trading at new highs, so we are wondering if latest development is going to be one-two, one-two bullish scenario. Notice that leg up from 95.81 is quite sharp so wave three can be considered ...
Elliott Wave Analysis On GOLD And NZDUSD
July 27th, 2016
GOLD GOLD is showing a complex corrective pattern, known as double zig-zag which could be near completion, as only one more leg seems to be missing, that is wave C). Currently we see price in final stages of wave ...
Elliott Wave Analysis On German DAX And GBPUSD
July 26th, 2016
German DAX No change on DAX for now; price is slow but still around the highs and above the red support line so another but final push up to 10315 area can be considered. But we, however, think that ...
