USDCAD Analysis based on the Elliott Wave Theory. The pair went through an extended correction in wave 4. The next impulse is likely to start from this point, for which we can target the next level of resistance (as well as the Fibonacci extension).
AUDJPY. AUDJPY Analysis based on the Elliott Wave Theory. There can be two different possibilities for the correction to end, and there is a trading plan for both possibilities. Remember to use proper risk management to avoid any heavy loss.
CHFJPY. Using Fibonacci to find extensions/targets can be a useful tool in trading if used the right way. One tool that is often ignored is the 'Trend-based Fibonacci ', which is commonly used in measuring Elliott Waves, but its use is not limited to it. In the Elliott Wave Theory, Wave C and Wave 3 are often measured using this tool. It is different from a...
AUDJPY Analysis based on the Elliott Wave Theory. The pair is in the wave 4 correction in the form of ABC. The bullish trend shall resume after the correction completes in the resistance area.
GBPJPY Analysis based on the Elliott Wave Theory. The bullish count remains valid and will continue after the completion of the correction (wave 4). Once the price breaks out of the flag, wave 5 may begin.
NZDUSD Analysis based on the Elliott Wave Theory. The trend remains bullish and will continue further upside after completing the retracement.
USDCAD analysis based on the Elliott Wave Theory. There is a bearish impulse with the wave 5 uncovering now, after which we could see an upside movement as a part of reversal or a retracement.
USDJPY analysis based on the Elliott Wave Theory. The pair is forming an impulsive wave to the upside. With an extended wave 3, there is more upside potential to be covered in the form of wave 5.
USDJPY analysis based on the Elliott Wave Theory. The pair is forming an impulsive wave to the upside. With an extended wave 3, there is more upside potential to be covered in the form of wave 5.
AUDCAD analysis based on the elliott wave theory. The trend is bullish in the short/medium term as we have an impulsive wave under formation.
XAGUSD. Silver. Wave C has made a complete 100% extension of wave A. As there seems to be weakness at this resistance area, it can be concluded that the correction may have ended here. We are likely to see more weakness in Silver in the coming weeks.
Tesla. The stock seems to be still under the correction phase to the previous bullish movement. We could see prices slide down further to complete the wave 2, perhaps to the 50-61.8 fib level in the form of WXY correction.
USDJPY. This analysis is based on the Elliott Wave theory. The pair is currently making a correction downward after completing an impulse upside. After the C wave, the pair is expected to start continuing upside for another impulse. Manage risk while trading.
Bitcoin. Cryptos have been jumping higher after dropping for two months. Although it is a very unclear phase - about whether the correction is over or not. This count is based on Elliott wave analysis. If the last drop can be counted in 5 waves, that may imply one more downward wave correction to complete the ABC structure. Let's not forget that the crypto has...
Gold. After a retracement, gold has started to move downwards again and we may see a move back to the previous level or possible lower lows. These moves can be marked as wave 1 and 2 for now. Manage risk while trading.
USDJPY. The pair is correcting the upward move from the last few months which is expected to end near 108-108.5 level. It could extend further to lower Fibonacci levels. Once the correction is over and we see further bullish momentum, there can be good buying opportunities for long term trends.
UKOIl. Brent. Oil has been in a constant uptrend for months. The wave count concludes that this is the last impulse leg to the upside, after which we could see a bit of decline in the oil prices. This is currently the wave 4 correction in the form of ABC zigzag, which could complete near 100% of wave A. However, we can still use this bullish momentum to gain...
EURNZD. The pair is in a corrective phase for a long time, and what else can we expect from the fourth wave! The correction is expected to end at the fourth sub-wave of the bigger wave 3 or the 100% of the wave A correction. The marked area is a safe zone to add shorts to the pair with a very decent risk:reward. It may be too soon to short the pair. The best...