Full detailed chart with elliott wave analysis and trading ideas: www.ew-forecast.com
More detailed chart and elliott wave analysis at www.ew-forecast.com
EURUSD Could Make Reversal Down to 1.2900/50 From 1.3100 Resistance. More Detailed charts & elliott wave analysis at www.ew-forecast.com
More Detailed chart and Elliott Wave Analysis at www.ew-forecast.com
More Detailed chart and Elliott Wave Analysis at www.ew-forecast.com
GOLD found the low around 1540 area after five waves down in wave (iii) from where we are now tracking wave (iv) pull-back as also discussed in our video yesterday. Current three wave bounce could retrace even back to 1575 before market turns lower again. Detailed chart with elliott wave levels ew-forecast.com
Sharp fall on gold seen yesterday from 1600 level with extensions through support line suggests that corrective wave 4 is complete with failure wave (c) at 1617 region. Also notice that recent weakness has extended through the support line of a base channel which is also very important evidence when trying to identify a continuation mode. As such, we think that...
EURUSD remains in bearish mode after only three wave rally from 1.2750 low that was just another temporary pause within ongoing bearish sequence. More details with chart: www.ew-forecast.com
Detailed Chart & Trade idea at www.forexstreet.net
EURUSD heading toward C) Wave. Full EURUSD intraday elliott wave analysis at www.ew-forecast.com
Despite a big gap down on USDJPY pair remains in bullish mode as declien is actually still in three waves which we think it's wave... detailed chart & article at: www.ew-forecast.com
Sharp and extended decline seen in February suggests that pair is trading impulsively lower from above 1.6300 high. However, last week pair has found a bottom at 1.4830, which was expected after five waves down in wave (3) exactly to 261.8% Fibonacci level measured of a red wave 1). We know that after every five waves correction follows, so ideally, pair is now in...
GBPUSD is in sharp uptrend for the past two days, which was expected from a technical point of view after five waves down in red wave 5) of (3) followed by a broken trend-line. Well, current rally has an impulsive structure which means that leg is part of a larger recovery which will probably prove corrective as we are tracking a blue wave (4) pull-back. Anyhow,...
More Detailed analysis on USDJPY along with Elliott Wave Analysis Video on EURUSD, USDCAD and USDJPY at: www.ew-forecast.com
USDCHF accelerated higher at the end of the last week slightly through the upper channel resistance line which is a bullish signal for the pair. As such, we are now observing a new wave count with possible impulsive rally underway to 0.9500 area while 0.9335 is not breached. Notice that current pull-back from the latest high is quite slow which is usually an...