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Price has been trading really bearish on the EURCHF its safe to say we will continue in the downside direction. Wave 5 doesn't seem to be complete just yet so most likely we will make a new low to complete the 1-2-3-4-5 Elliott Wave Theory impulse move. Waves 1 and 4 are not overlapped allowing us to trade wave 5 confidently without prematurely stop-loss levels.

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The EURGBP is still maintaining the downside direction. We are trading in a Double zig-zag correction pattern. But we must see the (X) wave initially make a minor zigzag correction in the upside direction. The upside correction might not be very deep it might not even reach the 61,8 Fibonacci level. What you have to realize is that we had a similar pattern on...

07:49

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EURUSD and GBPUSD are making short-term bullish bias before the next big drop in this case we are finishing the wave C correction move. USDCHF and USDCAD are opposite to what the XXXUSD pairs are doing meaning we are making short-term bearish moves. But on the USDCAD we are making a wave 4 pullback before the next drop and on USDCHF we are in a leading diagonal...

00:37

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AUDUSD is in an impulse move in the downtrend direction. Few ways to identify an impulse move - waves 1 and 4 shouldn't overlap, and wave 3 is never the shortest wave compared to waves 1,3, and 5. It's clear that we will soon see a sell-off to complete the fifth wave.

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We have been dollar strong for a while now, we are trading in an impulse move so it's safe to say the bullish trend/ momentum will last for a while. We are in a 4th wave phase which is a triangle pattern, which is incomplete we still need to see wave D to E form. A different view but still anticipating the same direction would be we are finished with wave 4 but...

01:26

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Price is trading in a bearish trend it's safe to say we will continue selling off but we could potentially see a pullback before the sell continuation.

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USDCHF has been trading in an impulse wave. Price now formed an Ending Contracting Diagonal on wave 5 suggesting that the impulse is now complete. Elliott Wave is a study of human psychology as we as humans have patterns in our behaviors. To put this in terms of the charts or technical analysis in a bullish trend, wave 3 is where there is a bit of hope and a lot...

10:19

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Weekly analysis on a few forex pairs EURUUSD, GBPUSD, AUDUSD, USDCAD, and USDCHF. The dollar remains bullish overall implying the USDXXX pairs maintain their bullish strength and the XXXUSD pairs stay bearish until the end of quarter 4.

00:46

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USDCHF will most likely continue to rise meaning that the main objective is the Bullish direction, I wouldn't consider taking the countertrend move even though it's optimum but not worth it. It's safe to wait for a Triangle correction pattern completion before buying still keeping in mind the fact that waves 1 and 4 never overlap.

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Price is in the first two phases of an impulse move, it would be wise to wait for the wave 2 completion before considering the rally as wave 3,4 and 5. Wave 2 in this case its a Zig-Zag Correction expecting it to reach onto the 78,6 Fibonacci level. If price does definitely reach that level that would offer great entry points for wave 3 rally.

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EURCAD is in an interesting situation where we have alternative scenario, where in the short-term they are indicating the same direction but in the long-term are different. The idea is we have a zig-zag correction and also a leading contracting diagonal pattern. Zig-Zag correction pattern we will see price break below previous low to make new lows, suggesting...

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Gold has been trading bearish for a long time now, its unlikely we will see a swich of trend for the rest of the year. We are in an impulse formation here on the 4 hour timeframe. Although on the weekly timeframe we do have a bullish flat correction for the 4th wave for a bullish side it suggest the its over with the bearishness but price just keeps on dropping....

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Price has been trading bullish for a while now, price has formed an Ending contracting diagonal pattern on the bearish direction. More likely we are on the bigger impulse move correction. Ending Diagonal patterns signals the end of a trend and occur on wave 5 and C. The bearishness will still continue for the next couple of weeks.

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GBPUSD has been trading in a bearish trend for a long time now and its safe to say as we broke the 1.14010 low. But on the 4 hour timeframe we saw a complete clear impulse move which all guidelines are not violated so we can possible expect a correction to the upside in this case I wouldn't suggest an impulse move up as we realise overall we are in a strong...

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The 4H chart is stuck in a consolidation which could be a potential Triangle formation on the bullish side. We are in a bullish impulse wave.

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XAUUSD Analysis The possibility of GOLD to buy are slightly high, but we do have to look at the old low which can be used as an invalidation level as waves 1 and 2 are never equal. We could potentially see price rally we reached the 78.6 Fibonacci golden zone. And the recent down wave looks to be corrective than impulsive. EURGBP Analysis The upside is...

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EURUSD Analysis The euro has been weakening for a while trading to an old time low in years. From a Technical view we are most likely to see pullbacks in the upside direction how long they will take it hard to tell now but considering that we can have short term opportunities. Looking at previous pullbacks we can see it doesn't last forever in Elliott Wave Theory...

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NAS100 We are trading in a bullish trend overall but on a smaller scale we will see fractals which in this case is an impulse move. We are trading at a 4th wave phase soon we sill see wave 5 completes soon before seeing the bigger pullback. Whether the 4th wave will move from the 38,2% Fibonacci level or the 50% its hard to tell but either way that doesn't...