Archives
Elliott Wave Analysis: Crude OIL Trading In Wave 4; More Upside Could Be Seen Soon
July 11th, 2016
Crude oil has a nice bullish structure on a daily chart where we labeled recent pullback down as wave four of a five wave rise from 26.00. We are quite confident that new highs will be seen very soon, ...
Elliott Wave Analysis: GBPUSD Searching For A Bottom; 1.2650 Zone Could Offer A New Turnaround
July 7th, 2016
GBPUSD fell sharply lower two 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 Could Continue Its Bullish Run; Sub-wave 2) In The Making
July 6th, 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 EURUSD And USD Index
July 5th, 2016
EURUSD Good morning traders. Calendar is filled with UK stability report issued by UK central bank, durable goods and factory orders later in the US. Stock markets are marginally down from its respective highs but we look this only ...
Elliott Wave Analysis: USDCAD Trading Within A Temporary Bullish Correction
July 4th, 2016
USDCAD has been trading quite aggressively lower few months back after a decisive break out of an upward channel connected from May of 2015 lows, which was an important evidence for a change in trend. That said, price of ...
Elliott Wave Analysis On Crude OIL And AUDUSD
July 1st, 2016
Crude OIL OIL is in the corrective mode but near completion, as it seems. This corrective pattern, named a double zig-zag could complete around 47.50-70 area. We can count 5 waves from the lows at 45.83 and as we ...
Elliott Wave Analysis On EURGBP And AUDUSD
June 30th, 2016
EURGBP EURGBP is trading in final stages of a five wave sequence of a higher degree. We expect one more corrective pullback in the blue wave 4 to 0.8130 levels before a final push up in blue wave 5 ...
Elliott Wave Analysis: Bulls Pushing Price Higher On USD Index; 99 Zone Could Be Reached
June 29th, 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 USD Index And Crude OIL
June 24th, 2016
USD Index As expected price made a nice reversal higher at 93.00 area where a three wave corrective retracement had completed. Now we think that price could already be in a new bullish sequence which can reach for 9860 ...
Elliott Wave Analysis: GOLD Regaining Its Bullish Momentum
June 23rd, 2016
Gold bounced sharply this month from 1204 area where we see a completed corrective wave II/B, which can be labeled as a flat or even as a W-X-Y, but in both cases it was a complex correction within uptrend ...
