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Impulsive

Elliott wave Analysis: GBPNZD Looking LowerGBPNZD is trading lower, after a three-wave rally unfolded from 1.8617 level as part of wave 2. Current decline can now be part of a new bearish cycle, that may take days or weeks to fully unfolded, with sub-wave 1) leading the way. A closer look even suggest that sharp decline can be part of sub-wave 1), and can take price towards the 1.880 region, where Fibonacci projection of 161.8 projects a base for minor wave 3. Disclosure: Please be informed that information we provide is NOT atrading recommendation or investment advice. All our work is for educational purposes only.
by ew-forecast
3
Bears are Taking Over GBPAUD, Broken channel Suggest WeaknessGBPAUD made a sharp and strong bearish reversal lately; away from 1.7993 swing high, where a bigger three-wave A)-B)-C) correction found a top. Current reversal and break below the lower channel line is a suggestion for a change in trend. Once wave 1 fully unfolds, a new three-wave correction into wave 2 may follow with possible resistance around 1.750 price zone. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.
by ew-forecast
3
Elliott wave Analysis: 10 Year US NOTES Still BearishGood day traders! Today, let's look at the 10 year US notes. 10 year US notes are surely bearish, and are falling quite nicely, away from 124'25 level of a former swing high, labeled as wave 2. This acceleration in potential five waves will be labeled as red wave 3, usually the strongest and sharpest wave. That said, if we observe closely, we can see that the whole price structure since 125'15 region is situated within the confines of two channel lines, also know as an Elliott wave channel. Well, as we can see price is now trading near the lower portion of the Elliott wave channel line, which can offer support for wave 3, and push price into a temporary correction of black wave 4. Wave 4 can later see limited upside, and possible resistance near the upper portion of the Elliott wave channel. Thank you, and cheers! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.
CBOT:ZN1!
by ew-forecast
USDJPY can Be Completing A Bigger, Complex PatternUSDJPY is showing us a bigger complex contracting correction in the making within red wave (B), which is also known as a Elliott wave triangle correction. We know that triangles appear prior to the final wave, which means more gains can come in play, once finished. Specifically we see price trading within wave E that can search for support near the lower triangle line, at 109.50/110 area. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.
by ew-forecast
DJIA is Bullish, But for how long? Probable Resistance Is NearThe Dow Jones industrial average is trading bullish, and can be trading at the end of a bigger impulsive wave. We are observing higher degree blue wave V, that can be searching for resistance and for a top around the 2550/2700 region, where the middle and upper Elliott wave channel line can offer resistance and turn price lower. Red sub-wave five of V is also ending its rally with five minor waves, and for a suggestion for a reversal we need to wait on a breach below the lower channel line in a five-wave fashion. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.
DJ:DJI
by ew-forecast
3
Crude oil Trading BullishGood evening traders! Today let's look at Crude oil. Here we see price trading in a bullish development, with price particularly unfolding final sub-wave 5) of three. Ideally upside for sub-wave 5) will be limited around the upper Elliott wave channel line, near the 63.00 region, and from there a three-wave pullback into blue wave 4 will start to unfold. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.
TVC:USOIL
by ew-forecast
Elliott wave Analysis: USDCAD Can be Headed for 1.2908Good evening traders! We have seen a nice turn up on USDCAD following the BOC rate decision, so technicals once again turned out to be ahead of the news. We can see a sharp reaction to 1.2800, where is 161.8% extension target for wave three, so ideally that's a beginning of a new bullish leg, headed above 1.2908. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.
by ew-forecast
1
Elliott Wave Analysis: EURUSD Breaking Higher, Approaching 1.2EURUSD has turned up in the last two weeks; it broke above the channel resistance line that normally confirms a previously completed move; in our case that was finished a-b-c decline from September high. As such, it seems that wave four on a daily time frame came to an end about we talked a lot in the past which means that more gains may follow now within higher degree wave five, currently within subwave three that might have started from 1.1712 now underway to 1.2. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.
by ew-forecast
1
Elliott Wave View: AUDJPY Taking Price Lower; 82.500 In ViewGood evening traders! Hope everybody had a good weekend; now let's start with quick peek of AUDJPY. AUDJPY is displaying a nice bearish reaction away from 89.07 region where red wave (2) had ended. We are now tracking wave (3) that must by the end of its run unfold five minor waves. On that note we are currently observing minor wave 3 of (3) that can search for a base near the 83.500/83.900 region, before corrective wave 4 takes price temporarily higher. The whole bearish impulse wave (3) however, can later reach levels near the 82.500/82.800 region. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.
by ew-forecast
Elliott Wave Analysis: NZDUSD Looking LowerMarket is not moving much at the moment, so our major view remains unchanged. We are still tracking commodity pairs such as AUDUSD and NZDUSD that may see more weakness this week, while gold stays under pressure. There is also a stock market still in bullish mode which may see more upside this week if we consider triangle possibility on Dax. NZDUSD was one of the weakest last week so it will be on our radar list this week for more weakness, but we need a corrective bounce up into wave four before we may look even lower. There is a nice resistance area from 0.7000 up to 0.7055 from where we would expect a new drop. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.
by ew-forecast
1
Elliott Wave Analysis: AUDUSD Can Follow A Bearish LookGood Sunday traders! Hope you had a nice weekend, and a pleasant Sunday. Let's take a look at AUDUSD and its mid-term look. AUDUSD may have recently completed a higher degree three-wave correction within wave IV. Recent drop that followed, away from the 0.8150 region can be an early indication of a change in trend and more weakness to follow. If so, then current weakness can be sub-wave 1) of a bigger five-wave drop, which may unfold in weeks to follow. That said, a decisive breach below the 0.7700 region would suggest even more weakness to come. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.
by ew-forecast
3