marcyacoub

marcyacoub

From a weekly perspective, Oil has been respecting this yellow trendline since April 2020 and I expect to see a retest to this trendline before continuing its way up for more highs in 2021. Looking at the 4H chart, Oil's behavior has been 20% impulsive and 80% corrective that's why I expect to see at least a small correction to retest the trendline before...

marcyacoub

If you have been following my analyses on DXY, you know that I predicted wave 4 (correction to the upside) and wave the continuation for more downside for wave 5. What we are witnessing now on DXY is the ABC correction, and as you can see, DXY finished wave A and wave B and now we are currently waiting for wave C to retest a certain level before continuing its...

marcyacoub

If you have been following my analyses, you know that 4 months ago I posted an analysis on US10Y predicting it to reach 2.000% before continuing its way down, and since it formed a bullish flag and tonight Powell will be speaking, I expect to see a stronger Dollar which will lead to more downside on US30 and NASDAQ since the Fed is expecting to raise rates in...

marcyacoub

EUR/JPY reached a very high key area with an ascending channel, and it is known that when a certain product reaches a high key area with an ascending formation, we expect a breakout to the downside since the momentum is starting to fade away. If EUR/JPY manages to break the 38.2% Fibonacci Retracement level at (129.39), we could see a continuation for more...

marcyacoub

I have been receiving a lot of messages asking me what is next for Bitcoin. From a technical perspective, BTC/USD broke the ABCDE triangle and is still below the lower trendline trying to retest it with a rising wedge. I am still waiting for wave 5 to be completed inside the rising wedge so we can enter with a sell position to target the bottom of the rising...

marcyacoub

If you have been following my analyses you know that I am a firm believer that inflation is "not transitory" in the U.S. and that precious metals will shine in the long run and reach new highs soon. Now looking at the Silver 4H chart, you can see that silver is now in wave IV of wave 3 and I expect silver to reach $30.00 for wave V in order to finish...

marcyacoub

Looking at the 4H chart, we can see that NZD/USD finished 5 waves up with its ABC correction. What is interesting is that wave C didn't manage to break below the previous wave 4, and we know that according to the Elliott Wave principle, not breaking below the previous wave 4 is a very bullish sign for a start of a new 5 wave intermediate cycle to the upside. From...

marcyacoub

As you can see, GBP/CAD broke out from a triangular formation and retested it with a bearish flag and I expect to see a great breakout towards 1.70123 as our first TP and if it manages to break it, we could see GBP/CAD continuing its drop towards the bottom of the triangle at 1.68500. From a fundamental perspective, looking at the economic calendar, we have a...

marcyacoub

As you can see, WTI crude oil broke 66.70, which is a very very critical level looking back at crude oil's history, with a very corrective ascending formation. I expect to see a break of this ascending channel to retest the 66.70 level before continuing its way up towards the 100% Fibonacci Extension at 71.14. Breaking 71.14 will push oil towards the 161.8%...

marcyacoub

If you have been following my analyses on ADA/USD, you know that my favorite crypto pair to analyze and predict future moves for the whole cryptocurrency market is Cardano. In my previous analysis, I predicted the end of Cardano's 5th wave to the upside which reached 2.43000, and we know that after finishing 5 waves up, we expect at least a correction to the...

marcyacoub

ETH/USD went 3 waves down from $4350 to $1800 and then entered in a horizontal phase which I think is wave 4 before continuing with wave 5 for more downside. Also, since ETH/USD looks like it has finished 5 waves (ABCDE) inside this triangular formation (wave 4), the price may breakout to the downside to retest the $1800 level as our first target. Breaking this...

marcyacoub

Definitely not. A lot of people have been asking me about whether AMC is a good investment because of all the hype that has been going on in the Reddit community. However, what differentiates us from normal people that only look at the price is that we can read and analyze charts in order to predict what's next. Similar to what happened with GME, I think the price...

marcyacoub

If you have been following my analyses, you know that I am still bearish on US30 as it still hasn't managed to close a weekly candle above 34500 which is a very critical level if using Fibonacci and Elliott Waves. Looking at the 4H chart, we can see that the price has rejected the 78.6% Fibonacci Retracement level with wave (E) and now we are looking for a sell...

marcyacoub

After an impulsive wave from 110.940 to 107.636, USD/JPY entered in an ascending correction and you know by now that I am still bearish on DXY so I think this upside move may be a correction for more downside. I expect USD/JPY to reach the 100% Fibonacci Extension at (110.611). Not breaking the 100% Fibonacci Extension will give us an amazing sell opportunity...

marcyacoub

Looking at the Daily chart, GBP/AUD rejected the upper trendline by creating an ascending channel. From a technical perspective, I expect the price to drop towards the 38.2% Fibonacci level (1.80336) as our first target. Breaking this level will push GBP/AUD towards 1.76554 (78.6% Fibonacci level) and 1.74215 (bottom of the rising channel) as our second and third...

marcyacoub

EUR/USD finished 5 waves up with a rising wedge. Since the DXY broke its falling wedge to the upside, there is a very high probability that EUR/USD may retrace to the 38.2% Fibonacci level which is also the bottom of the rising wedge at (1.2051) before continuing its way to the upside, but this scenario will only be activated if EUR/USD manages to break below...

marcyacoub

If you look at the Daily Chart, GBP/JPY broke the descending channel, and we know that whenever we see a break of a descending channel, usually the price reaches the beginning of the channel. Also, GBP/JPY broke the channel with 5 big waves up, and currently, we are in wave IV of big wave 5. Thus, I expect GBP/JPY to go up towards the beginning of the channel at...

marcyacoub

My last analysis on ADA/USD went perfectly as predicted and not breaking the previous wave 4 (Daily Chart) was an amazing buy opportunity. Now looking at the 2H chart, we can see that ADA/USD finished 3 waves up and now it is currently in its correction phase retesting the previous wave IV of wave 3, and we know that according to the Elliott Wave Principle, the...