Archives
Elliott Wave Analysis On USDJPY And GOLD
July 25th, 2016
USDJPY 10 year US treasuries have turned south last week, while stocks keeps moving higher, so normally we should expect higher prices on USDJPY as well. As such, we think that turn down from 107.50 is going to be ...
Elliott Wave Analysis On USDJPY And S&P500
July 22nd, 2016
USDJPY Stocks are trading in a corrective pattern which allowed USDJPY to make a pullback lower. We have seen a very strong fall from 107.50 after a completion of an ending diagonal in black wave five so it appears ...
Elliott Wave Analysis On AUDUSD And GOLD
July 21st, 2016
AUDUSD As we see on the intraday chart of AUDUSD, we see that the observed structure is still pointing lower from current levels, as pair still has one more wave missing, black wave 5. As such we believe that ...
Elliott Wave Analysis: AUDUSD Maintaining Its Bearish Momentum
July 20th, 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 Analysis: GOLD Pushing Price Higher; 1400 Area Is In View
July 19th, 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 higher after any three wave set-back that could take place later this ...
Elliott Wave Analysis: GBPUSD May Be Facing A New Bullish Reversal
July 18th, 2016
GBPUSD fell sharply lower four weeks 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: S&P500 Reaching For More Upside, 2170/2190 Zone Is In View
July 14th, 2016
Stocks recovered very nicely and sharply since mid of February so 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 trend. ...
Elliott Wave Analysis On GBPUSD And AUDUSD
July 14th, 2016
GBPUSD GBPUSD is turning higher for the last few days, now already 500 pips from the low, so we are wondering if maybe pair found a bottom. Well, it may be too soon for any bullish call, but leg ...
Elliott Wave Analysis: USD Index Aiming For 98 Zone
July 13th, 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 On EURJPY And NZDUSD
July 12th, 2016
EURJPY EURJP is still searching higher for the wave C resistance. Possible resistance can be seen around 117.50-70 area, from where even a reversal lower may occur. Keep in mind that for a successful reversal, a five wave structure ...
