Archives
USDJPY: Triangle Is Pointing Lower
March 21st, 2016
USDJPY fell to a new low last week from where we may see a short-term weakness down to around 108-110 area where we expect to see a bounce as current leg from 114.40 represents wave 5), final subwave within ...
Elliott Wave Analysis On AUDUSD And USDCAD
March 17th, 2016
AUDUSD AUDUSD is trading nicely higher now above 0.7600 after sharp turn up yesterday, so obviously wave 4 has finished much earlier than we thought. It was sharp corrective retracement that put wave 5 in play now for 0.7700 ...
Elliott Wave Analysis On Crude OIL And GOLD
March 16th, 2016
Crude OIL Crude oil is trading higher, after breaking above 35.94 at the start of the month which suggests that wave four can be making a flat correction. That’s a 3-3-5 pattern, so leg up from 28.69 should then ...
EURUSD: Complex Correction Near Completion
March 15th, 2016
EURUSD price bounced this month but despite some strong bullish momentum we need to keep an eye on the big picture which still shows a sideways price action since start of 2015. We are tracking a triangle which has ...
Elliott Wave Analysis For EURJPY And German DAX
March 14th, 2016
We think that a three wave move from Mar lows on EURJPY chart seems to be completed, as price made a recent reversal from the highs where wave C-circled is labeled, towards 126 area, possibly suggesting bearish view in ...
Elliott Wave Analysis On Crude OIL And German DAX
March 11th, 2016
Crude oil is trading higher, after breaking above 35.94 last week which suggests that wave four can be making a flat correction. That’s a 3-3-5 pattern, so leg up from 28.69 should then unfold as a five wave movement. ...
Elliott Wave Analysis On AUDUSD And USDCAD
March 10th, 2016
AUDUSD AUDUSD keeps moving higher probably in impulsive fashion if we consider strong rally from 0.7107. It also looks like an extended wave which typically occurs in the middle of a five wave move, so we suspect it’s wave ...
GBPUSD : Recovery Within Downtrend
March 8th, 2016
GBPUSD is turning up sharply from 1.3830, clearly with an impulsive price action visible on the lower time frame charts which suggests that an extended five waves down from 1.5507 completed black wave III. We know that after every ...
Elliott Wave Analysis On German DAX And EURGBP
March 7th, 2016
DAX keeps trading higher in a nice impulsive fashion, now already in wave 4), that could send prices even higher in wave 5). That said a pullback looks to be unfolding probably to around 9673-9710, where wave C would ...
Elliott Wave Analysis On GBPUSD And USDJPY
March 3rd, 2016
GBPUSD Cable is trading higher as expected, now in wave 4) which already has three sub-waves up from the low so we may see a new turn down very soon. Notice that price is also now at 38.2% Fibonacci ...
