ewNicola

ewNicola

The US Dollar continued to trade lower this month, i'm more favoring the alt count and the idea that triangle is complete at the moment. Both counts suggest a similar scenario in the longer run, so will remain bearish for now. #elliottwave #dollar #trading

ewNicola

The US Dollar continued to trade lower, closing the week at 103.22, indicating ongoing uncertainty with this currency pair. The current market sentiment reflects significant fear and a perception that the Federal Reserve lacks a clear direction. From a technical standpoint, we are operating under the assumption that the movement from the July 2023 lows is...

ewNicola

Crude found support on Tuesday at $72.42 per barrel and has moved higher this week. We are counting the bullish move as a complete motive pattern and are expecting a recovery down to the $79.00 area next week.

ewNicola

The USD/JPY pair has continued to show bullish strength despite all of the BOJ's interventions in the last six months. The recent break of the 1990 highs suggests that there is still room for upward movement. We are counting the choppy movements since May as a complete triangle and are tracking five legs higher this and next week. We can expect resistance around...

ewNicola

The USD/CHF pair started the year with an impulsive move from 0.8334 to 0.9222. I am viewing this move as a completed 5-leg pattern. From the highs, we have another 5-leg pattern lower, suggesting that a larger correction is still unfolding. I consider the current move as an incomplete wave B and expect two more sub-waves towards 0.9020-0.9070 (50-61.8% of wave A)...

ewNicola

The AUD/USD has been ranging for a while, and the market is choppy. If we look closely at the movement since May 16th, it appears to be forming a potential triangle pattern. If this analysis is correct, we should see one more drop towards the 61.8% level of the E=C wave before a move higher.

ewNicola

The GBP/USD pair has been trading bullishly since April 24th, which we are identifying as a Motive Pattern. The current movement, starting from June 10th, appears to be an incomplete wave 5. So far, we have observed three sub-waves and anticipate two additional legs that will likely drive the price towards 1.2900 in the coming days.

ewNicola

BITCOIN EW LONG TERM COUNT Primary Plan: Move from late 2022 looks extended, aiming at this as potential extended wave that should continue to drive the price higher this year. Wave (4) of III looks like a simple Zig-Zag for now and if we re right price should find support around 60,447-59,493 zone. Alternate Plan: We are going for Double Three (7-Swing)...

ewNicola

Dollar has shown a great volatility in terms of sharp and strong movements in the last few years, this instrument defiantly have a lot to prove to us before we change our long term view from Bearish to Bullish. Primary Count : Tracking the move from Jul 23 as an incomplete correction, missing one more leg higher towards the 108.28-110.36 area before the next...

ewNicola

The Dollar Index has been trading upwards since December 28. Price action looks like a clean motive wave, and I’m looking at the current move from 102.15 (January 04) as the final 5th leg. Expecting to see a pullback towards the 102.00 area after wave (v) completes; for the potential ending point of the current 5th leg, we are looking at 102.87 - 103.07 area (inv...

ewNicola

Larger trend of Dollar index remains BULLISH, from 2008 lows we have 5-wave structure, let's see if we continue to push higher and take 112-113 Fibonacci resistance or we go lower right away. To prove the end of the wave V, we need an impulsive structure to downside.

ewNicola

When we look at the indices from the beginning of the year, we can see just a bearish mood across the globe. The critical question everyone asks is this: Is it safe to hold indices or not yet? From the 4H chart, we see that decline from November 2021 into March 2022 looks corrective. I'm going with the idea of completing FLAT correction as the primary wave count....

ewNicola

After the bullish 2020, the NZDUSD has found support between 50-61.8% of the previous cycle (0.8840-0.54644), for the main count, we are going to label the highs at 0.7465 as the potential end of sub-wave (A) of the larger II, my main focus is on short positions towards the mid-channel line and 38.2-50 fibs (0.66972-0.6461). Invalidation for the current main...