EURJPY is close to breaking above the previous high on June 1, 2021 at 134.12. A break above that level should create a bullish sequence from May 2020 low favoring further upside. Near term, cycle from March 7, 2022 low is in progress as a 5 waves impulse Elliott Wave structure. Up from March 7, wave 1 ended at 129.04 and pullback in wave 2 ended at 127.40. Pair...
After forming the top on October 19, 2021 peak at 18604.45, Nifty has been correcting lower in 3 swing. It reached the 100% – 123.6% extension area at 15638 – 16156 from October 19, 2021 and the Index reacts higher strongly. In the 45 minutes chart below, we are calling wave II correction ended at 15674.12. This is a correction to the cycle from March 24, 2020...
AUDJPY manages to break above the previous daily high on October 21, 2021 at 86.26. This suggests that pair may have started a new bullish cycle. Short Term Elliott Wave View in the pair suggests the rally from January 29, 2022 low is unfolding as a 5 waves impulse. Up from January 29 low, wave 1 ended at 85.89 and pullback in wave 2 ended at 84.54. Pair then...
Short Term Elliott Wave View in Gold suggests the decline from March 08, 2022 high completed 3 waves down as a zig zag Elliott Wave structure. Down from March 08 wave ((1)) high, wave A ended at 1970.30 and rally in wave B ended at 2005.87. Then XAUUSD continue lower buiding an impulse to complete wave C at 1893.16. These 3 waves down we are calling as a part of a...
Short Term Elliott Wave View in USDJPY suggests the rally from March 05, 2022 low is unfolding as a 5 waves impulse. Up from March 05 low, wave 1 ended at 115.95 and pullback in wave 2 ended at 115.53. The 60 minutes chart below shows pair has turned higher again in wave 3. Internal subdivision of wave 3 is unfolding as another 5 waves in lesser degree. Up from...
Short Term Elliott Wave View in SPY suggests that the decline from March 03 high is unfolding as a 5 waves impulse Elliott Wave structure. Down from March 03, wave (i) ended at 423.54, and rally in wave (ii) ended at 432.20. the ETF then resumes lower in wave (iii) towards 417.89, and rally in wave (iv) ended at 423.03. Final leg lower wave (v) ended at 414.00...
Short Term Elliott Wave View in Silver (XAGUSD) suggests the rally from December 15, 2021 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from December 15, wave 1 ended at 23.43 and pullback in wave 2 ended at 22.01. The metal then extends higher in wave 3 towards 26.94. Pullback in wave 4 is now in progress to correct cycle from wave 2 low at...
Short Term Elliott Wave View in USDCHF suggests the rally from January 13, 2022 low is unfolding as a 5 waves impulse. Up from January 13 low, wave 1 ended at 0.9343 and pullback in wave 2 ended at 0.9144. The 60 minutes chart below shows pair has turned higher again in wave 3. Internal subdivision of wave 3 is unfolding as another 5 waves in lesser degree. Up...
Short Term Elliott Wave View in GBPUSD suggests that the decline from February 18 peak is unfolding as a 5 waves impulse Elliott Wave structure. Down from February 18, wave (i) ended at 1.3536, and rally in wave (ii) ended at 1.3621. Pair then resumes lower in wave (iii) towards 1.3272, and rally in wave (iv) ended at 1.3439. Final leg lower wave (v) ended at...
Short Term Elliott Wave View in GBPJPY suggests the decline from February 11, 2022 high is in progress as a 5 waves impulse Elliott Wave structure. Down from February 11 high, wave (1) ended at 153.32 and rally in wave (2) ended at 155.23. The 45 minutes chart below shows the internal subdivision of wave (2) unfolded as an expanded Flat structure. Wave A of (2)...
Short Term Elliott Wave View in Gold (XAUUSD) suggests that cycle from September 30, 2021 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from September 30 low, wave 1 ended at 1877.15 and pullback in wave 2 ended at 1753.10. The metal then rallied higher in wave 3 towards 1974.40 and dips in wave 4 ended at 1877.84. Wave 5 higher is currently in...
Short Term Elliott Wave View in IBEX suggests the decline from November 1, 2021 peak is unfolding as a 5 waves diagonal. Down from November 1, 2021 peak, wave (1) ended at 8082.4 and rally in wave (2) ended at 8912.20. The Index resumes lower in wave (3) which ended at 8048. The 1 hour chart below shows that move in wave (3) which subdivides in another 5 waves in...
Short Term Elliott Wave View in SPX suggests the decline from January 4, 2022 high is unfolding as a double three Elliott Wave structure. Down from January 4 high, wave w ended at 4222.62 and rally in wave x ended at 4595.31. Index has extended lower and broken below wave w at 4222.62 confirming wave y leg lower has started. Down from wave x, wave ((W)) of y ended...
Short Term Elliott Wave View suggests the rally to 116.34 ended wave (1) on February 10, 2022. Pair has since turned lower in wave (2) with internal subdivision as a zigzag Elliott Wave structure. Down from wave (1), wave ((i)) ended at 114.98 and rally in wave ((ii)) ended at 115.87. Pair then resumes lower again in wave ((iii)) towards 114.47, wave ((iv)) rally...
Short Term Elliott Wave View suggests the rally from January 19 low ended wave 1 at 1.28775. Internal subdivision of wave 1 unfolded as a 5 waves impulse structure. Up from January 19 low, wave ((i)) ended at 1.2702 and pullback in wave ((ii)) ended at 1.2556. Pair resumes higher again in wave ((iii)) towards 1.2796, and wave ((iv)) ended at 1.2679 as a triangle....
In Boeing, the broader view suggests that it’s correcting the cycle from March 2020 low cycle. While the decline since March 2021 high is unfolding as Elliott wave double three structure with the combination of 3-3-3 swings lower. Favoring more downside towards $167.46- $121.90 target area before it can find support for a 3 wave bounce at least. However, looking...
The broader view in SPX suggests that it’s correcting the cycle from March 2020 low cycle. While the short-term cycle from 04 January 2022 high is unfolding as Elliott wave double three structure favoring more downside to take place. Down from the 1/04/2022 high the decline to $4222.62 low ended cycle degree wave w in red. Up from there, the index made a bounce...
Short Term Elliott Wave in Nasdaq (NQ) suggests that the decline from February 2, 2022 peak is unfolding as a double three Elliott Wave structure. Down from February 2, wave A ended at 14362.75, and rally in wave B ended at 15068. Index then resumes wave C lower towards 14031. This completed wave (W) in higher degree. Corrective rally in wave (X) ended at 14672.44...