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On EURUSD, as said, we have five waves from the lows, which means that trend has changed and even if just temporary we need three waves to the upside. Therefore keep an eye on three wave set-back for longs again 1.3670. www.ew-forecast.com | 1 month trial @ 1€

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GBPUSD found the support last week and recovered nicely above the upper trend line of a downward channel. A reversal from the low can be counted in five waves on the intraday charts, so we suspect that trend has ...read more >> goo.gl

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GOLD is capped in an triangle pattern. www.ew-forecast.com

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Gold moved to a new swing high recently, to 1260, a leg that which can be considered as a final part of a recovery from 1181. We see move up from 1214 as potential ending diagonal placed in wave (c) that could complete recovery in this week, either at 1260 or 1265. An impulsive downside reaction back beneath 1230 would put bearish price action in...

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Current leg up now represents wave (c) that may reach levels around 1267-1280 in this week, before we may again look for a bearish reversal signs. www.ew-forecast.com

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Gold fell to a new low on Tuesday but then reversed significantly from 1181 which means that decline from 1267 appears to be a completed five wave move, so current award reaction should then be a temporary corrective retracement. Corrections are three wave patterns so be aware of more upside after wave b). Larger trend remains down as long as 1267. www.ew-forecast.com

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Gold has turned sharply to the downside in the second part of December which has been expected after only three waves up to 1267, labeled on the chart as a)-b)-c) zigzag. Recent decline from 1267 and 1251 was very sharp and directional that has already fallen to a new low so we believe that red wave iii) is in progress, that could be targeting 161.8% Fibonacci...

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Gold has turned sharply to the downside in the past week which has been expected after only three waves up, labeled as a)-b)-c) on the chart. Current decline from 1251 is very sharp and directional that has already reached a new low so we believe it represents red wave iii) in progress, targeting 161.8% Fibonacci extension level at 1175. www.ew-forecast.com

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GOLD found some support on Thursday, but rally from that low is slow so we believe it’s a corrective wave iv that will sooner or later send price back to the lows; ideally to 1180 level from June. Invalidation level for gold is at 1226. www.ew-forecast.com

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Bitcoin Elliott Wave Analysis: Double Zig Zag Pattern www.ew-forecast.com

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On crude oil we can see some bearish reversal from 99 level, which we think it's wave B, still only second leg of a minimum three wave rally up in wave 4). Ideally this wave B will find a support in this week somewhere around 94.50-95.60 area from where we expect a reversal up in wave C towards 100 psychological level where move from 91.70 could complete a...

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Gold found support last week around 1209where we called a three wave rally, a)-b)-c) move after a completed five waves down from 1360. Recently price has reached a new swing high so it appears that gold is already in wave c) that could stops at 38.2 or maybe at 50% retracement area. We however want to wait and see an impulsive drop from wave c) to confirm...

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I am not fan of EURCHF but client requested an update so I decided to share some charts. I see a triangle in progress on a weekly chart while price is moving down on a daily chart within wave C) of a triangle. Nothing interesting here, but I see some support that comes around 1.2100/30; swing low from March 2013 and a trendline, from where we would expect a new...

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GBPUSD broke to a new high as expected after we identified end of a corrective retracement at 1.5850. As such, we are now tracking a new impulse leg up with can be wave C, final part of a double zigzag in wave E). If this is correct count then rally from July low is near completion. Ideally we will see a reversal down from around 1.64-1.66 region. www.ew-forecast.com

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On EURNZD I see five waves up in leading diagonal followed by a five wave decline from 1.6840 which is first leg of minimum three wave retracement. As such, wave (b) retracement back to 1.6590-1.6700 could be interesting for shorts in wave (c) down. www.ew-forecast.com

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We are Cautiously Looking at this Level. Break Down the Level means more bearish GOLD. But If Gold Get Support at the zone then some rise is expected.

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EURUSD found a support on Friday after NFP report around 1.3100 area from where we have seen 80 pip rally back to the wave 2-wave 4 trendline. Usually when this occurs it means that five wave decline is complete and that market reversed into a temporary correction... www.facebook.com