USDJPY - The pair is consolidating in a triangular structure. As long as the invalidation level isn't reached, the price is likely to turn bearish again for the next wave.
XAUUSD - The analysis is explained on the chart itself. This is based on the Elliott Wave Theory.
Bitcoin is currently correcting sideways and that means we will be seeing more downside in the next few days. Targets can be made using fibonacci extensions and trend lines.
The analysis is based on the Elliott Wave Theory. The pair is currently correcting in the form of a triangle and will breakout to give more upside. Targets can be made at the previous highs.
A long term view based on the Elliott Wave Theory. Based on this, the pair will keep sliding down in the coming months/years and follow its main trend. The large rejections at the 0.618 gives us a nice confirmation of the trade and previous highs can also be used as stops. Targets can be made based on the trade idea (long/short term).
The idea is based on the Elliott Wave Theory. The upward movement looks like a corrective structure in the form of ABC wave. There is a possibility of the correction being extended (if the price breaches 1.618 fib level), but the current structure has a decent R:R to consider shorting at this level.
XAUUSD. The price is currently correcting sideways/triangular consolidation and will start moving downward soon. A small correction upward is a possibility in the case of triangle. Invalidation level can be used as a stoploss to minimize the risk.
The current movement is a part of correction to the previous impulse and the downtrend will likely resume after the correction pattern is completed. The risk:reward is very good at the current level and positions can be maintained for the week. Fed is also likely to increase the interest rates which could appreciate dollar's value further. This analysis is based...
Ethereum update based on the Elliott Wave Theory. Previous analysis is still valid. The upward movement made a corrective pattern (A-B-C) with a retracement to 61.8 fibonacci. We can expect the sharp drop to continue in the wave 3.
UDSCHF. With the dollar gaining strength endlessly, the trend will resume on USDCHF. The Invalidation level for the setup remains at the end of wave 2. Targets can be drawn towards the previous highs the pair has made. The analysis is based on the Elliott Wave Theory.
USDJPY. There could be a triangle formation on USDJPY. It is early to predict a proper structure but the a-b-c formations in all waves increases the possibility of a triangle. Invalidation level has been marked at the lowest of wave A of the structure. The analysis is based on the Elliott Wave Theory.
USDINR. There is a possibility for a triangular formation on this pair based on the idea that all the waves have a 3 wave structure in the form of a-b-c. In such case, the price will be forming another bullish wave following a breakout. The analysis is based on the Elliott Wave Theory.
EURUSD. A sharp drop followed the corrective move upside. The price is likely to resume bearish trend as we can also see five waves to the downside. This analysis is based on the Elliott Wave Theory. Manage risk while trading.
EURGBP. This analysis is based on the Elliott Wave Theory. This could be a potential ending diagonal on the top and the move from 0.83400 is likely to be a correction. The price could be back at the previous low in the coming weeks. Look out for the invalidation levels and manage risk.
The ABC correction has completed and we can already see a huge candle downside. The bearish mode is likely to resume and we could see the price down to previous lows ( or further down). Regardless, more downside will only create new buying opportunities for the long term ( bullish ) trend. Manage risk while trading.
USDCAD. We can see further bullish movement on the pair as long as the triangle pattern remains valid. This is based on the Elliott Wave Theory. Manage risk while trading.
AUDUSD. The pair could be forming a triangle pattern on the large timeframe. We could see some more upside before price completes wave E and continue the bearish trend. A drop from 50%-61.8% fib level is expected. The analysis is based on the Elliott Wave Theory. Manage risk while trading.
XAUUSD. This is based on the Elliott Wave Theory. The pair is likely correcting and we may get to see further downside to the previous low. Manage risk while trading.