SharifAzadeh

SharifAzadeh

I think we are in a lengthy 4th wave that has started from Mid March. Speaking of price, I see 2 scenarios: i) The descending trend line and the Bearish Bat, as shown in my latest analysis, will halt the current rally and the price will go down for the D wave of a contracting triangle which, after witnessing another 3-wave rally in wave E, will break to the...

SharifAzadeh

Descending trend line + Bearish Bat. If bulls manage to break above this area, I expect the pair going to 1.17-1.18 region. Good luck, Ali Sharifazadeh, CFTe

SharifAzadeh

We are witnessing extremely critical times. I see the price action from the lows more corrective than impulsive. We are the upper area of the channel with an AB=CD in a massive change of polarity zone. I see bulls having hard time breaking this zone. This would imply EURO strength and DAX weakness. On the other hand, I see EURO going down against Aussie and...

SharifAzadeh

In this 4H timeframe, we see a clear Deep Crab pattern. Good luck, Ali Sharifazadeh, CFTe

SharifAzadeh

In my latest analysis on this pair, I predicted a downward correction which did happen and the price fell nicely. Now I am thinking about a great short that will shed more than 500 pips from this pair. In this daily chart, we see a clear AB=CD pattern completed just today at the upper area of the channel. Good luck, Ali Sharifazadeh, CFTe

SharifAzadeh

As EUR/AUD is approaching its final destination toward the 1.535 area, AUD/CHF is forming a bullish Bat here with a clear Elliott wave structure. I expect a massive Aussie rally against almost all currencies in the weeks ahead, especially against Kiwi, Dollar and Frank. Good luck, Ali Sharifazadeh, CFTe

SharifAzadeh

As I stated in my previous analysis, Aussie is in a massive support zone. Over recent weeks, this pair made a new low but recovered swiftly. This type of price action indicates diminishing bearish power. If this forming H&S pattern turns out to be true, I will favor a long till 0.8. Good luck, Ali Sharifazadeh, CFTe

SharifAzadeh

Gartley and INV AB=CD in the area specified. Good luck, Ali Sharifazadeh, CFTe

SharifAzadeh

Bearish Gartley. After rising relentlessly for so long, I favor a healthy correction here. Good luck, Ali Sharifazadeh, CFTe

SharifAzadeh

As I had written in my previous analysis on this pair, bulls are going to meet stiff resistance here. In this chart, a bearish Butterfly pattern in the upper area of channel is signalling a rapid end to a rapid advance which will be reversed soon. Good luck, Ali Sharifazadeh, CFTe

SharifAzadeh

This pair has reached the top area of its ascending channel in a resistance area. I expect a correction here. Good luck, Ali Sharifazadeh, CFTe

SharifAzadeh

I think EURO is craving out a clear head and shoulder pattern here. I will buy at the trendline and 61.8% retracement. Good luck, Ali Sharifazadeh, CFTe

SharifAzadeh

Today a well-known Japanese economist stated that the 2nd largest economy has probably contracted recently. This calls BoJ to pump more money into the economy and which means less demand for Yen. On the other hand since the Greek capitulation, systematic risks in the financial markets have abated greatly and this again make Yen less attractive than 1 month...

SharifAzadeh

I think the market soon will realize that the Aussie is undervalued. With RBA satisfied with current level of exchange rate, I think the easing cycle for Aussie is at, or near completion and this will give this currency a boost in coming months. Good luck, Ali Sharifazadeh, CFTe

SharifAzadeh

Overcoming this extremely hard resistance area is a tall order given the fact that BOC has probably finished its easing cycle by lowering interest rate to 0.5% from 1% in recent months. I expect a good downward correction before resuming the bullish trend. Good luck, Ali Sharifazadeh, CFTe

SharifAzadeh

I had written extensively on Bund in the past. I think the correction is now clearly over and I expect the bullish trend to continue. This doesn't bode well for Euro bulls. Long Bund, Short Euro! Good luck, Ali Sharifazadeh, CFTe

SharifAzadeh

I don't think the bulls have given up. With this formation, I favor the resumption of the uptrend. Long. Good luck, Ali Sharifazadeh, CFTe

SharifAzadeh

Kiwi is in a lower boundary of a downward channel and is massively oversold. I don't think it can keep going down before starting a counter-trend rally. In medium term, I also see limited downside potential before a sharp upward movement. Good luck, Ali Sharifazadeh, CFTe