Archives
Elliott Wave Analysis On AUDUSD And USDJPY
June 22nd, 2016
AUDUSD AUDUSD made five waves down from 0.7836 which is the most important and strong evidence of a bearish trend. But for now bearish impulsive trend is not ready to continue yet as recent decline from 0.7500 to 0.7282 ...
Elliott Wave Analysis: Bigger Corrective Wave Unfolding On USDCAD; Possible Reversal Around 1.3450
June 17th, 2016
USDCAD has been trading quite aggressively lower earlier 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 USDCAD is ...
Elliott Intraday Analysis On German DAX And USDCAD
June 16th, 2016
German DAX DAX fell after the FED meeting together with other indicies. On the intraday chart, we expected a higher pullback but DAX did not find enough buyers to go higher in wave 4. Latest three wave move to ...
Elliott Wave Analysis: Minor Corrective Wave 2 Within Downtrend On AUDUSD
June 15th, 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 On S&P500 And GBPUSD
June 14th, 2016
S&P500 Good morning traders. Today we have UK CPI figure and US retail sales figure as main news on the calendar. Stocks continue to fall across the globe on Brexit fears and repositioning of the market participants. The FED ...
Elliott Wave Analysis On EURAUD And Crude OIL
June 13th, 2016
EURAUD EURAUD looks very interesting for a possible trade on the long side. We keep this pair on the radar for a potential trade since we are close to the end of the corrective pullback after price traced out ...
Elliott Wave Analysis: USDJPY In Final Stages Of A Complex Correction; Possible Turning Point Around 105
June 10th, 2016
USDJPY is trading back towards the low now after a very sharp bearish reversal on Friday following bad NFP figures. Based on recent price action we see new lows coming, ideally towards 100-103 area where pair may finally bottom ...
Elliott Wave Analysis: Crude OIL Indicates More Gains In View; 54/55 Area May Be Ideally Reached
June 7th, 2016
Crude oil is trading nicely to the upside for the last four months and it appears that market will move even higher in days ahead since we see just another minor correction around 50 level. As such, market can ...
GBPUSD: Recent Strong Prices Suggest That Higher Degree Correction Is Still Not Over; 1.4800 Possible Reversal Zone
June 6th, 2016
GBPUSD is in recovery mode since March of this year when pair accomplished an extended five wave drop down in wave III. We know that after a very powerful leg, market will make a corrective retracement which will either ...
Elliott Intraday Analysis On EURUSD And GBPUSD
June 3rd, 2016
EURUSD We have US NFP report in a few hours which may have a strong impact on markets since it will tell us a lot about potential new rate hike from the FED this month. But as always I ...
