Get started

Recovery

AUDUSD trading In A Three-wave Setback; More Gains Can FollowAUDUSD did not move much recently, so our view remains unchanged; we still see pair making a corrective set-back in wave B which is now trading into some interesting Fib. Support zone with sub-wave c, here at 0.7579 area. We think bounce may occur from here, but keep in mind that wave C leg may occur only if price crosses above 0.7620, which would be a confirmation of a completed c wave. 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: 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
EURUSD Breaking Higher With ForceGood day traders! Hope everybody is doing great. Let's dig in. On the intra-day chart of EURUSD, we see price unfolding a strong bullish movement, which suggest an impulse to be in progress. We can see waves 1 and 2 completed, so current strong rally can be wave 3, that may see limited upside near the Fibonacci ratio of 61.8. That said, once wave 3 unfolds a new temporary pullback into wave 4 can follow. 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
Will EURUSD Break Lower or Continue Higher?Daily chart of EURUSD shows us a five-wave bullish impulse in the making. Current three-wave decline can be corrective wave 4, with temporary support coming in at Fibonacci ratio of 38.2 and the upper channel base line. If price breaks below this region, then our alternate, bearish count would be in play and we would expect more weakness. 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: 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: USDNOK UpdateUSDNOK is unfolding a nice bearish leg, which we see it as blue wave one and now wave two in the making. We can see first wave one fully unfolded, so upcoming reaction higher can be the following wave two that may later search for resistance near the Fibonacci ratio of 50.0 or 61.8 and make a new drop lower. 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