TheLazyBrother

TheLazyBrother

It is very rare to see such a clear impulse move on such a large degree of trend in forex world, as in USDJPY. B wave looks incomplete, though.

TheLazyBrother

It is safe to say that hopes of for a bull market in crude are gone, as the move up turned to be an ABC corrective wave. Of course, oil is untradable here - we know that it will go down, but it is so oversold that it is also unshortable. On the other hand, we know that the next up move will most probably be just a correction and a great opportunity to target 30-35...

TheLazyBrother

GOLD has found resistance in 1223-1230 area and has moved lower. Since the last move down was an ABC, theoretically, it should move higher. But before buying we need to see a corrective structure developed and completed probably in 1210-1215 area.

TheLazyBrother

Australian index seem to have bottomed in 5th wave. Three wave correction is next.

TheLazyBrother

EURUSD apparently made an impulse - correction sequence, crawling along the trendline, momentum weakening.

TheLazyBrother

Seems that correction might be ove in GBPCAD, right at the purple SMA. In any case at this point, it is worth a shot in my opinion, as the risk would be limited.

TheLazyBrother

GOLD failed to brake crucial resistance, and failed, momentum falling. One should wait for bettter opportunity to go long, if one presents itself eventually.

TheLazyBrother

Correction of the 5 wave impulse is ongoing. I wouldn't do anything yet, but any approach of the purple moving average would put me on alert.

TheLazyBrother

Moving further up.

TheLazyBrother

XLV did only ABC down, no impulse developed. Expecting new highs

TheLazyBrother

XLI needs C wave up to complete and end the correction

TheLazyBrother

XLF is doing better then XLE, correction could be quite deep, over 0.618 level

TheLazyBrother

After 5 waves down XLE is correcting, as it should. It seems we are in C wave up, good shorting opportunity is approaching.

TheLazyBrother

Since the begining of the rise in 2 year yield, USD was following closely. However, USD did not follow rates to new high, but diverged instead. Note that the momentum in 2y yield is slowing, which could portend fall in interest rates in not very distant future, which could in turn hurt USD.

TheLazyBrother

GBPNZD completed impulse - correction sequence, unsuccesfully testing the resistance (red line). First move out of the correction has already developed, so the first upward move that occurs should be faded, for low risk entry.

TheLazyBrother

GBPCAD follows impulse-correction pattern all the way down to daily level. Moving avregaes are clearly (at all degrees!) pointing downwards, the latest correction being contained by 0.381 retracement level. It is difficult to say if it is over or not, but one should be alert for upcoming low risk shorting opportunities

TheLazyBrother

GBPCAD completed an intermediate ABC, showing corrective upward action right beneath purple and blue SMA.

TheLazyBrother

GBPCAD is making a series of different degree ABC corrective waves indicating lower prices. Purple and blue moving averages are acting as resistance, should not be broken.