Archives
Elliott Wave Analysis: USDCHF and USDCAD; Bears Are On The Move!
June 21st, 2019
USDCHF is in a bearish, extended move from the 1.002 area, where a previous, bigger correction had ended. We are tracking a five-wave, impulsive cycle, with pair trading at the end of a minor pullback, wave 4, that ...
Elliott Wave Analysis: USDCAD, Crude Oil and GOLD Sharp Movements!
June 20th, 2019
USDCAD is on the move with a clear impulse down from 1.3429 level so a five-wave decline is what we expect towards 1.3150/1.3100 area in the upcoming sessions. But at the same time, we must look what oil ...
Elliott Wave Analysis: Gold and USDTRY Are Looking Strong!
June 11th, 2019
Stocks remain in strong uptrend, but we may see some pullbacks, especially if we consider a 5th wave on S&P500. The main reason for a potential pullback can be that support on gold, right at the 38,2% Fibo. ...
Elliott Wave Analysis: Ripple Doesn’t Show Any Bullish Signs, Yet!
June 6th, 2019
Ripple is trading sideways for a long time despite bullish turn on many major cryptocurrencies, so we still think that the bottom is not in place yet, especially because of Ripple logarithmic scale chart, which has the same ...
Elliott wave Analysis: NZDUSD Is Recovering Sharply, While Oil Goes With The Bears
June 4th, 2019
NZDUSD has turned up last week, exactly from the lower trendline support of a wedge pattern which appears completed now after a nice breakout. Recovery was also sharp so it looks like a part of an uptrend that may ...
Elliott wave Analysis: EURCAD Breaking Higher, And AUDNZD Showing A Bearish Path
May 9th, 2019
EURCAD can be showing early evidences of a completed complex correction within higher degree wave b as part of a three-wave a-b-c reversal. A suggestion that the triangle pattern in wave b is completed is a break above ...
Elliott Wave Analysis: Litecoin and DASH Are Looking Bullish
May 7th, 2019
Litecoin is already rising in an impulsive fashion within five waves, which suggest that the bottom at 22.50 level can be in place. Well, after that slow and corrective decline back to 38,2% Fibonacci retracement which is ideal ...
Elliott wave Analysis: USDJPY, GBPUSD and GBPJPY Intra-day Updates
May 3rd, 2019
USDJPY can be unfolding a minor correction within an upcoming recovery, down from 111.66 level, where wave a/I found a temporary top. Current wave b/ii correction can look for support and a bullish reversal around the Fibonacci ratio of ...
Elliott wave Analysis: Crude oil and GBPUSD Intra-day View
April 30th, 2019
Crude OIL can be unravelling a sharp correction, with energy now trading within sub-wave C of B)/2), with possible resistance area around the Fibonacci ratio of 50.0 or 61.8 (65.0/65.4 area). At the mentioned region we also see ...
Elliott wave Analysis: Silver Can Be At The End Of A Big Triangle Pattern
April 25th, 2019
Silver moved lower this week but found a support at 14.70 where trendline of previous two swing lows caused a bounce. Actually, this trendline can be part of a wedge, maybe even an ending diagonal for wave C of ...
