NZDJPY. The pair has broken an upside trendline which has been moving in a corrective pattern. Targets can be higher for the long term.
EURGBP. The pair seems to be correcting the last impulse and will soon turn bullish from the 61.8 fib area + the resistance. The correction can take some more time before continuing to the upside.
USDCHF. The pair has been correcting for a few weeks now. The chart shows the buying areas to hold (swing) on this pair. This is based on the Elliott Wave theory. Please manage risk while trading.
AUDUSD. After the big move down last week, the pair may resume the bearish scenario after completing a correction (retracement). We can see the pair slide further to the downside in the coming days.
Gold. XAUUSD. This can be a possible scenario for Gold where the upside movement is considered a correction pattern. That would conclude that the prices can drop lower than the last month before continuing to the upside after a completed correction. This chart is based on the Elliott Wave theory and is simply an analysis based on personal knowledge and...
Previous analysis: The correction mode is still on. If the dollar becomes stronger in the coming weeks, we could see further bearish movements. It's better to wait before looking for any buying opportunities on the stock.
With the US Dollar becoming bullish with positive (or mixed) economic data, and USDCAD also showing signs of bullish momentum, oil prices could enter a falling phase soon. It may be too soon to conclude but on technical levels, the price action can be monitored in the highlighted areas to look for any shorting opportunities in the coming week(s). Please manage...
GBPUSD seems to be in a corrective phase and more downside is a potential move for the next few weeks. With the dollar becoming stronger with the release of positive (or mixed) economic data, it can drag down most of the XXXUSD pairs.
Previous analysis here: Bitcoin dropped more than 10% in the last few days after the Elon Musk tweet. Does it mean that there won't be any upside in the future? We're in a technical corrective phase and buying opportunities are not very awarding here (maybe for short term gains only?). Once we're out of the corrective phase after noticing the patterns it is...
Please check the previous analysis here: Please manage risk while trading.
AUDNZD has been forming a long term bullish trend. With some corrections in the past few months, the pair will resume the bullish trend. This is an analysis based on the Elliott Wave Theory. Please manage risk while trading.
USDJPY. The pair has been moving with strong bullish momentum. After a 3 weeks correction, the pair seems to be under one more small correction before continuing with the upside. This is currently the wave (ii) of the 5th wave that is under formation right now. After a 50%-61.8% fib level, we can expect a very good bullish momentum here. Please manage risk...
Tesla has proven to be quite a good investment over the past year with its unbelievable returns in such a short period. Does that mean we should buy every dip? This is simply my opinion based on my personal analysis. It can be further backed by the fact that the dollar seems to be appreciating over the past few months. Though it clearly is in a correction phase,...
BTCUSD. Check the previous analysis here: The downside may have begun under the C wave. The B corrective wave may have ended at $59K, and that would mean further downside in the next coming days/weeks. The target area could be $35-40K.
ETHUSD. Check the previous analysis as well: The downside correction has begun. The price can retrace back to $1500-1900.
Previous Analysis: USDJPY. The correction is still going on. Once the ABC correction is completed, possibly near the 50-61.8 Fib retracement of the 1st wave (in red), there would be good buying opportunities on the pair.
Ethereum. Close to finishing the 5th wave, after which a correction is expected. It would be bullish for another a few days as it is completing an extended wave pattern.
USDJPY, The pair may have completed the first wave in the higher degree 5th wave. After a correction to 50%-61.8% Fib. the trend should continue higher. The next wave would come with even a higher impulse. So don't miss the move!