Archives
Elliott Wave Analysis: EURUSD Still In A Triangle; More Downside Still To Follow In Sub-wave D
June 2nd, 2016
EURUSD is trading lower for the last few weeks, away from 78.6% Fibonacci level after that broken channel support line connected from wave X). In fact, fall is quite sharp so we are confident that it belongs to a ...
Elliott Wave Analysis: Bears Pushing Prices Lower; Sub-Wave 2 Could Be Around The Corner
June 1st, 2016
AUDUSD is turning down from 0.7834 high for the last two weeks where wave C-circled might completed a big corrective wave IV which looks like a flat. A flat correction is a 3-3-5 pattern; a contra-trend movement that should ...
Elliott Wave Analysis On GBPAUD And CADJPY
May 31st, 2016
GBPAUD GBPAUD is in the process of an unfolding corrective pullback after a nice three waves of a higher degree to the upside. This pullback should mark the fourth wave and afterwards a possible continuation into wave 5). Support ...
Elliott Wave Analysis: GOLD Trading In A Flat Of A Higher Degree; More Weakness In Wave C Is Expected To Follow
May 30th, 2016
GOLD is turning down sharply for the last few weeks with increasing bearish momentum, so we see metal now making an impulsive drop from the highs. However, despite a five wave decline we still see market in temporary bearish ...
Elliott Wave Analysis On GBPUSD And German DAX
May 27th, 2016
GBPUSD GBPUSD keeps trading higher, but with overlapping price action, which gives us an idea that maybe this whole upward motive wave can be an ending diagonal. As of recent price action we believe that price can be in ...
Elliott Wave Analysis: Corrective Bounce In Sight; Resistance Can Be Seen Around 1.3200
May 25th, 2016
USDCAD has been trading quite aggressively lower for the last couple of weeks after a decisive break out of an upward channel connected from May of 2015 lows, which is an important evidence for a change in trend. That ...
Elliott Wave Analysis: EURUSD Trading In A Triangle, Temporary Bearish Run Is In Play
May 24th, 2016
EURUSD is trading lower for the last few weeks, away from 78.6% Fibonacci level after that broken channel support line connected from wave X). In fact, fall is quite sharp so we are confident that it belongs to a ...
Elliott Wave Analysis: Bullish Momentum Continues
May 23rd, 2016
AUDUSD is turning down from 0.7834 high for the last two weeks where wave C-circled might completed a big corrective wave IV which looks like a flat. A flat correction is a 3-3-5 pattern; a contra-trend movement that should ...
Elliott Wave Analysis On EURUSD And USDCAD
May 20th, 2016
EURUSD EURUSD is trading nicely lower for the last few weeks and it has now shape of an impulsive decline underway if we consider sharp fall yesterday to 1.1200 area which was our minimum downside objective. But decline looks ...
Elliott Wave Analysis On USDJPY And USD Index
May 19th, 2016
USDJPY USDJPY is turning nicely to the upside for the last two weeks which now looks like a new impulsive wave in action. On the 4h chart we see current price trading higher within wave five of 1 that ...