Archives
USD Index: Bulls Could Be On The Move, 94.00 Could Follow
May 4th, 2016
On USD index daily chart we are observing a big sideways, slow and overlapping price action which is a personality of a contra-trend movement. We are observing a flat pattern in black wave IV. It’s a three wave pattern ...
Elliott Wave Analysis: USDCAD Looking For A Base; Ending Diagonal Suggest A Change In Trend
April 28th, 2016
USDCAD is at the lows, now approaching 261.8% Fibonacci extension level of wave four circled where pair can be looking for a base. Notice that we see a wedge pattern from the last few weeks, called an ending diagonal ...
Elliott Wave Analysis On EURUSD And German DAX
April 27th, 2016
The dollar is mixed across the board ahead of the FOMC statement later today, so we definitely want to wait on any news to confirm bear or bullish trend for the buck. We however still favor a bullish view, ...
Elliott Wave Analysis: GBPUSD Potentially Reaching For 1.4600/1.4700 Where Upside Can Be Limited
April 26th, 2016
GBPUSD moved higher yesterday, even slightly above 1.4511 level which means that recovery since late February is not a triangle, but rather a three wave move. However, it’s still a corrective black wave IV which in fact may complete ...
S&P500: Bullish Impulse Unfolding; Temporary Pullback Can Be Seen Around 2025
April 25th, 2016
Stocks recovered very nicely and sharply since mid of February so new bullish reversal is here. Reason for bulls is a five wave rise from 1802 which is an impulsive wave that shows direction of a trend. As such, ...
Elliott Wave Analysis On USDCHF And S&P500
April 22nd, 2016
USDCHF USDCHF is now trading higher with a third leg of recovery which can be even red wave 3) if we consider wave count on a larger time frame. However, as always we need to focus on minimum expectations ...
Elliott Wave Analysis On S&P500 And Crude OIL
April 20th, 2016
S&P500 E-mini S&P500 is back at the highs, now already in black wave 5 of 5) about that we talked in our recent updates. Price is also now approaching 2100 level where gains can be limited based on psychological ...
AUDUSD Reaching For 0.7800/0.7900
April 19th, 2016
AUDUSD broke higher recently, up into wave C-circled that is part of 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 send price back to the ...
Elliott Wave Analysis On EURAUD And NZDUSD
April 18th, 2016
EURAUD EURAUD made a nice intraday bounce up to 1.4800 today and touched 38.2% where corrective bounce can be finished. Keep in mind that big picture is pointing down as rally from 1.4465 to 1.5200 has unfolded in three ...
Elliott Wave Analysis On USD Index And EURUSD
April 14th, 2016
USD Index The USD index is trading higher as EUR, GBP, CHF and JPY trades down against the USD, based on bearish reversal on US Treasury notes. However, commodity currencies are still doing well and we guess it has ...
