Archives
Crude Oil on the Way Towards March 09 Gap – Elliott wave analysis
May 21st, 2020
Crude oil is bullish since end of April and is currently trading very strongly towards $35 per barrel. This can be now a temporary resistance, ideally for wave 5 of A), therefore traders should be aware of a potential ...
Bearish Triangle On USD Index Can Support GBPUSD – Elliott wave analysis
May 20th, 2020
USD index is trading sideways for some time now, ideally unfolding an Elliott wave triangle correction in wave B that is part of a three-wave corrective decline. A triangle is a continuation pattern, which has five legs in a ...
USDJPY Completing A Pullback and Turning Higher – Elliott wave
May 18th, 2020
USDJPY made a sharp rise from the 101.16 level, following a completed A-B-C move into a leg Y of C), which is part of a bigger triangle correction. We labelled recent rally as A of D), which is completed ...
Elliott wave analysis: USDTRY into a temporary correction
May 13th, 2020
USDTRY has completed a bigger triangle correction at the 5.63 level, from where a new bullish move started developing. We are tracking a five-wave move higher, an impulse, with price currently turning down from 7.27 high, suggesting that wave ...
Crude oil and German BUND Look – Elliott wave analysis
May 4th, 2020
Crude oil extended its drop, down from 33.0 swing high, and fully unfolded a fifth wave of 3. Afterwards we have seen a new rally in minor five waves labelled as sub-wave A), up from the lows, which is ...
EURAUD On A Bearish Ride – Elliott wave analysis
April 30th, 2020
Hello traders, EURAUD is in a bearish trend, down from 1.980 level, as we see a clear five-wave in the making. At the moment we are observing a five-wave structure within a third wave of a bigger impulse, that ...
USDCHF Looking Bullish – Elliott wave analysis
April 23rd, 2020
USDCHF completed a seven-swing correction within a bigger leg E at the 0.918 area, from where a sharp recovery started developing. This rise is first evidence of a completed leg E, and that further upside may follow, ideally in ...
GBP/NZD At Resistance/Bearish Zone – Elliott Wave Analysis
April 8th, 2020
After a strong and five-legged decline in 2015, GBP/NZD started to trade into bullish, however overlapping, trading out a W-X-Y corrective structure for a higher degree wave B). We see price now at possible resistance and reversal point, at ...
Elliott wave analysis: AUDUSD and NZDUSD Turning Bearish
March 30th, 2020
AUDUSD is currently recovering, however in an overlapping fashion, which suggest a corrective recovery to be in play. We are looking at a wave 4) of a higher degree, which can be near completion with its w-x-y rally. Possible ...
USDCAD In A Bullish Trend – Elliott wave analysis
March 23rd, 2020
USDCAD ended a three-wave, A)-B)-C) correction within a bigger wave 2 at the 1.294 level, from where a new rise started developing. Rise is sharp and impulsive so this suggests further upside. We see a five-wave move in the ...
